2022

2021

(in million pesos)

Advances to suppliers and contractors

69,326

82,749

Prepaid taxes

14,911

15,652

Prepaid fees and licenses

1,983

1,631

Prepaid benefit costs (Note 26)

1,598

1,018

Prepaid repairs and maintenance

542

531

Prepaid rent

528

574

Prepaid insurance (Note 25)

120

163

Other prepayments

6,741

5,166

95,749

107,484

Less current portion of prepayments

14,696

12,707

Noncurrent portion of prepayments

81,053

94,777