Patrick S.

Dico 10/31/2022
BSMA-2K AC 2101

DMCI Project Developers

1. Asset Balances
2. Policies
3. Notes on Inventory and Property, Plant, and Equipment
 Construction services are provided by DMCI Project Developers Inc. The company
provides related services such condos, cypress towers, garden residence, project
development, and implementation. Worldwide consumers are served by DMCI Project
Developers.
The real estate inventories fall under the scope of IAS 2. According to the notes
shown above, it is labeled as “cost of real estate sales”. Such costs include the cost of
acquisition of land, land improvements, amounts paid to contractors, development costs,
capitalized borrowing cost, and other costs which are directly attributable to bringing the
real estate inventories to its intended condition.
As to PPE, they are also justly accounted for. According to the line items shown in
the balances for PPE, they all fall under the scope. All of which includes: (1) Land,
building, and building improvements, (2) Office machines and equipment, (3) Office
furniture and fixtures, (4) Transportation equipment, and (5) Construction machinery and
equipment.