The table below presents the summarized financial information of Satventures as at December 31, 2017 and 2016, and for the years ended December 31, 2017, 2016 and 2015:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Statements of Financial Position: |
|
|
|
|
|
|
|
|
|
Noncurrent assets |
|
|
20,055 |
|
|
|
21,295 |
|
|
Current assets |
|
|
2,820 |
|
|
|
2,296 |
|
|
Noncurrent liabilities |
|
|
3,292 |
|
|
|
4,645 |
|
|
Current liabilities |
|
|
5,253 |
|
|
|
4,620 |
|
|
Equity |
|
|
14,330 |
|
|
|
14,326 |
|
|
Carrying amount of interest in Satventures |
|
|
9,171 |
|
|
|
9,169 |
|
|
Additional Information: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
1,211 |
|
|
|
374 |
|
|
Current financial liabilities* |
|
|
397 |
|
|
|
393 |
|
|
Noncurrent financial liabilities* |
|
|
2,097 |
|
|
|
2,357 |
|
|
|
* |
Excluding trade, other payables and provisions. |
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
(in million pesos) |
|
|||||||||
|
Income Statements: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
6,650 |
|
|
|
5,925 |
|
|
|
5,211 |
|
|
Depreciation and amortization |
|
|
772 |
|
|
|
1,217 |
|
|
|
1,332 |
|
|
Interest income |
|
|
3 |
|
|
|
2 |
|
|
|
2 |
|
|
Interest expense |
|
|
249 |
|
|
|
259 |
|
|
|
207 |
|
|
Provision for (benefit from) income tax |
|
|
71 |
|
|
|
(46 |
) |
|
|
(534 |
) |
|
Net income (loss) |
|
|
4 |
|
|
|
(344 |
) |
|
|
(290 |
) |
|
Other comprehensive income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total comprehensive income (loss) |
|
|
4 |
|
|
|
(344 |
) |
|
|
(290 |
) |
|
Equity share in net income (loss) of Satventures |
|
|
3 |
|
|
|
(220 |
) |
|
|
(186 |
) |