Deferred Credits and Other Noncurrent Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Credits And Other Noncurrent Liabilities [Abstract]

Summary of Deferred Credits and Other Noncurrent Liabilities

As at December 31, 2019 and 2018, this account consists of:

	2019		2018
	(in million pesos)
Accrual of capital expenditures under long-term financing		2,118		2,965
Provision for asset retirement obligations		1,767		1,656
Contract liabilities and unearned revenues (Note 5)		604		532
Others		68		131
		4,557		5,284

Summary of Changes to Provision for Asset Retirement Obligations

The following table summarizes the changes to provision for asset retirement obligations for the years ended December 31, 2019 and 2018:

	2019			2018
	(in million pesos)
Provision for asset retirement obligations at beginning of the year		1,656			1,630
Additional liability		154			161
Accretion expenses		82			47
Settlement of obligations and others		(125	)		(182	)
Provision for asset retirement obligations at end of the year		1,767			1,656