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Prepayments (Tables)
 12 Months Ended
Dec. 31, 2020
Prepayments [Abstract]  
Summary of Prepayments

As at December 31, 2020 and 2019, this account consists of:

 

 

 

2020

 

 

2019

 

 

 

(in million pesos)

 

Advances to suppliers and contractors

 

 

55,891

 

 

 

41,798

 

Prepaid taxes

 

 

15,241

 

 

 

13,905

 

Prepaid fees and licenses

 

 

1,182

 

 

 

1,335

 

Prepaid benefit costs (Note 26)

 

 

1,021

 

 

 

342

 

Prepaid rent

 

 

401

 

 

 

417

 

Prepaid repairs and maintenance

 

 

228

 

 

 

458

 

Prepaid insurance (Note 25)

 

 

130

 

 

 

142

 

Prepaid selling and promotions

 

 

12

 

 

 

24

 

Other prepayments

 

 

2,660

 

 

 

1,810

 

 

 

 

76,766

 

 

 

60,231

 

Less current portion of prepayments

 

 

10,657

 

 

 

11,298

 

Noncurrent portion of prepayments

 

 

66,109

 

 

 

48,933