Changes in investment properties account for the years ended December 31, 2025 and 2024 are as follows:
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Land |
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Land
Improvements |
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Building |
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Total |
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(in million pesos) |
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December 31, 2025 |
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Balances at beginning of the year |
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2,882 |
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12 |
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106 |
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3,000 |
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Net gains (losses) from fair value adjustments charged to other comprehensive income |
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3,386 |
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(90 |
) |
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298 |
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3,594 |
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Transfers from property and equipment |
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464 |
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168 |
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219 |
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851 |
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Net gains (losses) from fair value adjustments charged to profit or loss |
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346 |
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(1 |
) |
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7 |
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352 |
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Disposals during the year |
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(8 |
) |
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— |
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— |
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(8 |
) |
Balances at end of the year |
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7,070 |
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89 |
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630 |
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7,789 |
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December 31, 2024 |
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Balances at beginning of the year |
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1,184 |
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12 |
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119 |
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1,315 |
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Net gains from fair value adjustments charged to other comprehensive income |
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2,093 |
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— |
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— |
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2,093 |
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Transfers to property and equipment - net |
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(398 |
) |
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— |
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(19 |
) |
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(417 |
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Net gains from fair value adjustments charged to profit or loss |
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17 |
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— |
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6 |
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23 |
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Disposals during the year |
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(14 |
) |
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— |
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— |
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(14 |
) |
Balances at end of the year |
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2,882 |
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12 |
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106 |
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3,000 |
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