Leases (Tables)

12 Months Ended

Dec. 31, 2022

Presentation of leases for lessee [abstract]

Schedule of Estimated Useful Life of Right of Use Assets

Our consolidated estimated useful lives of ROU assets as at December 31, 2022 are as follows:

Sites	1 – 30 years
International leased circuits(1)	1 – 11 years
Poles(2)	2 – 12 years
Domestic leased circuits(3)	1 – 10 years
Office buildings	1 – 25 years
Co-located sites	3 – 7 years

(1)As at December 31, 2021, the estimated useful life ranges from 1-10 years.

(2)As at December 31, 2021, the estimated useful life ranges from 1-12 years.

(3)As at December 31, 2021, the estimated useful life ranges from 1-10 years.

Schedule of Changes in Right of Use Assets

Our consolidated rollforward analysis of ROU assets as at December 31, 2022 and 2021 are as follows:

	Sites			International Leased Circuits			Poles			Domestic Leased Circuits			Office Buildings			Co-located Sites			Sale and Leaseback Adjustment			Total
	(in million pesos)
December 31, 2021
Costs:
Balances at beginning of the year		17,854			4,288			3,370			1,294			1,781			9			—			28,596
Additions (Note 29)		5,967			226			47			890			184			—			—			7,314
Modifications		107			33			230			(309	)		(9	)		1			—			53
Asset retirement obligation		211			—			—			—			2			—			—			213
Currency translation		—			—			—			—			1			—			—			1
Disposals		(1	)		—			(16	)		—			(6	)		—			—			(23	)
Terminations		(1,045	)		(290	)		—			(143	)		(284	)		—			—			(1,762	)
Balances at end of the year		23,093			4,257			3,631			1,732			1,669			10			—			34,392
Accumulated depreciation and amortization:
Balances at beginning of the year		(6,556	)		(1,346	)		(967	)		(427	)		(993	)		(4	)		—			(10,293	)
Terminations		889			148			—			35			281			—			—			1,353
Disposals		1			—			16			—			6			—			—			23
Currency translation		—			—			—			—			(1	)		—			—			(1	)
Modifications		(1	)		—			—			—			(4	)		—			—			(5	)
Depreciation (Note 3)		(2,999	)		(816	)		(678	)		(574	)		(319	)		(2	)		—			(5,388	)
Balances at end of the year		(8,666	)		(2,014	)		(1,629	)		(966	)		(1,030	)		(6	)		—			(14,311	)
Net book value as at December 31, 2021		14,427			2,243			2,002			766			639			4			—			20,081
December 31, 2022
Costs:
Balances at beginning of the year		23,093			4,257			3,631			1,732			1,669			10			—			34,392
Additions (Note 29)		32,735			402			116			851			165			5			—			34,274
Business combination		90			—			—			—			—			—			—			90
Currency translation		—			—			—			—			1			—			—			1
Disposals		—			—			—			—			(5	)		—			—			(5	)
Asset retirement obligation		(1,412	)		—			—			—			(95	)		—			—			(1,507	)
Modifications		(7	)		(106	)		432			(8	)		1			—			(12,776	)		(12,464	)
Terminations		(12,196	)		(294	)		—			(139	)		(316	)		—			—			(12,945	)
Balances at end of the year		42,303			4,259			4,179			2,436			1,420			15			(12,776	)		41,836
Accumulated depreciation and amortization:
Balances at beginning of the year		(8,666	)		(2,014	)		(1,629	)		(966	)		(1,030	)		(6	)		—			(14,311	)
Terminations		4,931			150			—			71			293			—			—			5,445
Charge from asset retirement obligation		1,545			—			—			—			103			—			—			1,648
Disposals		—			—			—			—			5			—			—			5
Currency translation		—			—			—			—			(1	)		—			—			(1	)
Modifications		—			—			—			—			(10	)		—			—			(10	)
Business combination		(33	)		—			—			—			—			—			—			(33	)
Depreciation (Note 3)		(3,824	)		(832	)		(875	)		(475	)		(347	)		(3	)		640			(5,716	)
Balances at end of the year		(6,047	)		(2,696	)		(2,504	)		(1,370	)		(987	)		(9	)		640			(12,973	)
Net book value as at December 31, 2022		36,256			1,563			1,675			1,066			433			6			(12,136	)		28,863

Summary of Number of Sites Awarded

The table below enumerates the selected TowerCos and number of BTS sites with SOs under the program:

Tower Providers	Number of Sites Awarded
Unity Digital Infrastructure		50
Alt-Global-Solutions, Inc.		34
Transcend Towers Infrastructure (Philippines) Inc.		13
Communication and Renewable Energy Infrastructure Phils. Inc.		67
Edotco Towers Inc.		10
Frontier Tower Associates Philippines, Inc.		84
ISON Tower Ltd. Inc.		108
MIESCOR Infrastructure Development Corporation		38
Phil-Tower Consortium Inc.		55
SBA Towers Philippines, Inc.		5

Summary of Amounts Recognized in Consolidated Income Statements

The following amounts are recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020:

	2022			2021		2020
			(in million pesos)
Depreciation expense of ROU assets (Note 3)		5,716			5,388		4,940
Interest expense on lease liabilities (Note 5)		2,064			1,170		1,125
Expenses relating to short-term leases    (included in general and administrative expenses) (Note 5)		1,440			1,459		618
Variable lease payments (included in general and administrative expenses) (Note 5)		589			771		764
Expenses relating to leases of low-value assets    (included in general and administrative expenses) (Note 5)		2			1		2
Total amount recognized in consolidated income statements		9,811			8,789		7,449

Schedule of Changes in Lease Liabilities

Our consolidated rollforward analysis of lease liabilities as at December 31, 2022 and 2021 are as follows:

	2022				2021
				(in million pesos)
Balances at beginning of the year		21,686				20,025
Additions (Note 29)		34,277				7,314
Accretion on lease liabilities (Note 5)		2,064				1,170
Lease modifications		317				33
Foreign exchange gains – net		215				147
Business combination		46
Adjustment		—				11
Reclassed to lease liabilities held-for-sale		(1,668	)			—
Termination		(6,171	)			(467	)
Settlement of obligations		(8,331	)			(6,547	)
Balances at end of the year (Notes 3 and 29)		42,435				21,686
Less current portion of lease liabilities (Note 28)		10,477				4,555
Noncurrent portion of lease liabilities (Note 28)		31,958				17,131

Summary of Operating Lease Commitments

Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2022 and 2021 are as follows.

	2022			2021
			(in million pesos)
Within one year		57			51
After one year but not more than five years		—			—
More than five years		—			—
		57			51