The table below presents the summarized financial information of VTI as at December 31, 2017 and 2016, for the year ended December 31, 2017 and for the seven months ended December 31, 2016:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Statements of Financial Position: |
|
|
|
|
|
|
|
|
|
Noncurrent assets |
|
|
77,694 |
|
|
|
76,127 |
|
|
Current assets |
|
|
2,807 |
|
|
|
3,126 |
|
|
Noncurrent liabilities |
|
|
11,373 |
|
|
|
13,003 |
|
|
Current liabilities |
|
|
1,936 |
|
|
|
12,327 |
|
|
Equity |
|
|
67,192 |
|
|
|
53,923 |
|
|
Carrying amount of interest in VTI |
|
|
32,550 |
|
|
|
26,962 |
|
|
Additional Information: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
1,961 |
|
|
|
2,182 |
|
|
Current financial liabilities* |
|
|
— |
|
|
|
— |
|
|
Noncurrent financial liabilities* |
|
|
— |
|
|
|
— |
|
|
|
* |
Excluding trade, other payables and provisions. |
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Income Statements: |
|
|
|
|
|
|
|
|
|
Revenues |
|
|
2,352 |
|
|
|
1,189 |
|
|
Depreciation and amortization |
|
|
1,168 |
|
|
|
842 |
|
|
Interest income |
|
|
28 |
|
|
|
18 |
|
|
Interest expense |
|
|
— |
|
|
|
2 |
|
|
Provision for (benefit from) income tax |
|
|
(42 |
) |
|
|
158 |
|
|
Net income (loss) |
|
|
110 |
|
|
|
(2,055 |
) |
|
Other comprehensive income |
|
|
— |
|
|
|
— |
|
|
Total comprehensive income (loss) |
|
|
110 |
|
|
|
(2,055 |
) |
|
Equity share in net income (loss) of VTI |
|
|
55 |
|
|
|
(1,027 |
) |