Changes in investment properties account for the years ended December 31, 2017 and 2016 are as follows:
|
|
|
Land |
|
|
Land Improvements |
|
|
Building |
|
|
Total |
|
||||
|
|
|
(in million pesos) |
|
|||||||||||||
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of the year |
|
|
1,567 |
|
|
|
8 |
|
|
|
315 |
|
|
|
1,890 |
|
|
Net gains (losses) from fair value adjustments charged to profit or loss |
|
|
4 |
|
|
|
— |
|
|
|
(7 |
) |
|
|
(3 |
) |
|
Transfers to property and equipment |
|
|
(10 |
) |
|
|
— |
|
|
|
(3 |
) |
|
|
(13 |
) |
|
Disposals |
|
|
(239 |
) |
|
|
— |
|
|
|
— |
|
|
|
(239 |
) |
|
Balance at end of the year |
|
|
1,322 |
|
|
|
8 |
|
|
|
305 |
|
|
|
1,635 |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of the year |
|
|
1,496 |
|
|
|
9 |
|
|
|
320 |
|
|
|
1,825 |
|
|
Transfers from property and equipment |
|
|
65 |
|
|
|
— |
|
|
|
1 |
|
|
|
66 |
|
|
Additions |
|
|
6 |
|
|
|
— |
|
|
|
— |
|
|
|
6 |
|
|
Net losses from fair value adjustments charged to profit or loss |
|
|
— |
|
|
|
(1 |
) |
|
|
(6 |
) |
|
|
(7 |
) |
|
Balance at end of the year |
|
|
1,567 |
|
|
|
8 |
|
|
|
315 |
|
|
|
1,890 |
|