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PHI » Topics » Provisions

This excerpt taken from the PHI 6-K filed Mar 3, 2009.

Provisions

 

We recognize provisions when we have present obligations, legal or constructive, as a result of past events, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated statement of income, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense.

 

This excerpt taken from the PHI 6-K filed Nov 4, 2008.

Provisions

 

We recognize provisions when we have present obligations, legal or constructive, as a result of past events, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the unaudited consolidated statement of income, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense.

 

This excerpt taken from the PHI 6-K filed Aug 5, 2008.

Provisions

 

We recognize provisions when we have present obligations, legal or constructive, as a result of past events, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the unaudited consolidated statement of income, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense.

 

This excerpt taken from the PHI 6-K filed May 6, 2008.

Provisions

 

We recognize provisions when we have present obligations, legal or constructive, as a result of past events, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the unaudited consolidated statement of income, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense.

 

This excerpt taken from the PHI 20-F filed Apr 9, 2008.

Provisions

 

We recognize provisions when we have present obligations, legal or constructive, as a result of past events, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Where we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the consolidated statement of income, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense.

 

This excerpt taken from the PHI 6-K filed Mar 4, 2008.

Provisions

 

 

2007

2006

2005

 

(Unaudited)

(Audited)

 

(in million pesos)

Assessments (Notes 22, 24 and 25)

666

38

196

Doubtful accounts (Note 14)

417

736

2,251

Write-down of inventories to net realizable values (Note 15)

243

211

479

 

1,326

985

2,926

 

This excerpt taken from the PHI 6-K filed Nov 6, 2007.

Provisions

 

 

Nine Months Ended September 30,

 

2007

 

2006

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Notes 3 and 14)

1,054

 

697

Write-down of inventories to net realizable values (Note 15)

62

 

189

Assessments (Notes 20, 22 and 23)

28

 

(14)

 

1,144

 

872

 

 

 

This excerpt taken from the PHI 6-K filed Aug 7, 2007.

Provisions

 

 

Six Months Ended June 30,

 

2007

 

2006

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

649

 

435

Write-down of inventories to net realizable values (Note 15)

62

 

186

Assessments (Notes 20, 22 and 23)

19

 

149

 

730

 

770

 

 

 

This excerpt taken from the PHI 6-K filed May 8, 2007.

Provisions

 

 

Three Months Ended March 31,

 

2007

 

2006

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

163

 

205

Write-down of inventories to net realizable values (Note 15)

61

 

109

Onerous contracts and assessments (Notes 20, 22 and 23)

9

 

(76)

 

233

 

238

 

 

 

This excerpt taken from the PHI 6-K filed Mar 6, 2007.

Provisions

 

 

2006

2005

2004

 

(in million pesos)

Doubtful accounts (Note 14)

736

2,251

3,955

Write-down of inventories to net realizable values (Note 15)

211

479

577

Onerous contracts and assessments (Notes 20, 22 and 23)

38

196

319

 

985

2,926

4,851

 

 

 

This excerpt taken from the PHI 6-K filed Nov 7, 2006.

Provisions

 

 

Nine Months Ended September 30,

 

2006

 

2005

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

697

 

2,066

Write-down of inventories to net realizable values (Note 15)

189

 

494

Onerous contracts and assessments (Notes 20, 22 and 23)

(14)

 

197

 

872

 

2,757

 

 

 

This excerpt taken from the PHI 6-K filed Aug 8, 2006.

Provisions

 

 

Six Months Ended June 30,

 

2006

 

2005

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

435

 

1,526

Write-down of inventories to net realizable values (Note 15)

186

 

325

Onerous contracts and assessments (Notes 20, 22 and 23)

149

 

136

 

770

 

1,987

 

 

 

This excerpt taken from the PHI 6-K filed May 9, 2006.

Provisions

 

 

Three Months Ended March 31,

 

2006

 

2005

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

205

 

738

Write-down (reversal of write-down) of inventories
to net realizable values (Note 15)

109

 

(89)

Onerous contracts and assessments (Notes 20, 22 and 23)

(85)

 

(50)

 

229

 

599

 

 

 

This excerpt taken from the PHI 6-K filed Feb 27, 2006.

Provisions

 

 

2005

2004

2003

 

(in million pesos)

Doubtful accounts (Note 14)

2,251

3,955

4,092

Write-down of inventories to net realizable value (Note 15)

479

577

337

Onerous contracts and assessments (Notes 20, 22 and 23)

159

319

410

 

2,889

4,851

4,839

 

This excerpt taken from the PHI 6-K filed Nov 8, 2005.

Provisions

 

 

Nine Months Ended September 30,

 

2005

 

2004

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

2,066

 

2,191

Write-down of inventories at net realizable value (Note 15)

494

 

329

Onerous contracts (Notes 20 and 22)

168

 

448

 

2,728

 

2,968

 

This excerpt taken from the PHI 6-K filed Aug 4, 2005.

Provisions

 

 

Six Months Ended June 30,

 

2005

 

2004

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

1,526

 

1,875

Write-down of inventories at net realizable value (Note 15)

325

 

128

Onerous contracts (Notes 20 and 22)

117

 

173

 

1,968

 

2,176

 

This excerpt taken from the PHI 6-K filed Aug 4, 2005.

Provisions

 

 

Six Months Ended June 30,

 

2005

 

2004

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

1,526

 

1,875

Write-down of inventories at net realizable value (Note 15)

325

 

128

Onerous contracts (Notes 20 and 22)

117

 

173

 

1,968

 

2,176

 

This excerpt taken from the PHI 6-K filed May 5, 2005.

Provisions

 

 

Three Months Ended March 31,

 

2005

 

2004

 

(Unaudited)

 

(in million pesos)

Doubtful accounts (Note 14)

738

 

1,099

Write-down (reversal of write-down) of inventories at net realizable value (Note 15)

(89)

 

128

Onerous contracts (Notes 20 and 22)

(50)

 

109

 

599

 

1,336

 

EXCERPTS ON THIS PAGE:

6-K
Mar 3, 2009
6-K
Nov 4, 2008
6-K
Aug 5, 2008
6-K
May 6, 2008
20-F
Apr 9, 2008
6-K
Mar 4, 2008
6-K
Nov 6, 2007
6-K
Aug 7, 2007
6-K
May 8, 2007
6-K
Mar 6, 2007
6-K
Nov 7, 2006
6-K
Aug 8, 2006
6-K
May 9, 2006
6-K
Feb 27, 2006
6-K
Nov 8, 2005
6-K
Aug 4, 2005
6-K
Aug 4, 2005
6-K
May 5, 2005

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