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Investment Properties (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Investment Property [Abstract]  
Summary of Changes in Investment Properties

Changes in investment properties account for the years ended December 31, 2019 and 2018 are as follows:

 

 

 

Land

 

 

Land

Improvements

 

 

Building

 

 

Total

 

 

 

(in million pesos)

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at beginning of the year

 

 

596

 

 

 

7

 

 

 

174

 

 

 

777

 

Net gains (losses) from fair value adjustments charged to profit or loss

 

 

23

 

 

 

(6

)

 

 

(5

)

 

 

12

 

Disposals during the year

 

 

(11

)

 

 

 

 

 

 

 

 

(11

)

Balances at end of the year

 

 

608

 

 

 

1

 

 

 

169

 

 

 

778

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at beginning of the year

 

 

1,322

 

 

 

8

 

 

 

305

 

 

 

1,635

 

Net gains (losses) from fair value adjustments charged to profit or loss

 

 

389

 

 

 

(1

)

 

 

(10

)

 

 

378

 

Transfers to property and equipment

 

 

(1,115

)

 

 

 

 

 

(121

)

 

 

(1,236

)

Balances at end of the year

 

 

596

 

 

 

7

 

 

 

174

 

 

 

777