Notes to the Statements of Cash Flows

12 Months Ended

Dec. 31, 2023

Notes To The Statements Of Cash Flows [Abstract]

Notes to the Statements of Cash Flows

28.Notes to the Statements of Cash Flows

The following table shows the changes in liabilities arising from financing activities as at December 31, 2023 and 2022:

	January 1, 2023		Cash flows			Foreign exchange movement			Others		December 31, 2023
	(in million pesos)
Interest-bearing financial liabilities (Note 20)		249,580		5,175			(319	)		362		254,798
Lease liabilities (Notes 3 and 10)		42,435		(10,707	)		—			15,818		47,546
Derivative financial liabilities		1,150		(607	)		—			490		1,033
Accrued interests and other related costs (Note 23)		1,868		(9,715	)		—			10,004		2,157
Dividends (Note 19)		1,821		(23,328	)		—			23,419		1,912
		296,854		(39,182	)		(319	)		50,093		307,446
	January 1, 2022		Cash flows			Foreign exchange movement			Others		December 31, 2022
	(in million pesos)
Interest-bearing financial liabilities (Note 20)		252,557		(7,415	)		3,778			660		249,580
Lease liabilities (Notes 3 and 10)		21,686		(8,331	)		—			29,080		42,435
Derivative financial liabilities		215		87			—			848		1,150
Accrued interests and other related costs (Note 23)		1,783		(9,013	)		—			9,098		1,868
Dividends (Note 19)		1,708		(25,235	)		—			25,348		1,821
		277,949		(49,907	)		3,778			65,034		296,854

Others include the effect of accretion of long-term borrowings, effect of recognition and accretion of lease liabilities, unrealized mark-to-market losses of derivative financial instruments, effect of accrued but not yet paid interest on interest-bearing loans and borrowings and accrual of dividends that were not yet paid at the end of the period.

Non-cash Investing Activities

The following table shows our significant non-cash investing activities and corresponding transaction amounts as at December 31, 2023 and 2022:

	2023		2022
	(in million pesos)
Acquisition of property and equipment on account		37,133		14,948
Additions to ROU assets (Note 10)		15,759		34,274
Capitalization to property and equipment of:
Inventories		2,169		6,517
Foreign exchange differences – net (Note 9)		195		351
		55,256		56,090

Non-cash Financing Activities

The following table shows our significant non-cash financing activities and corresponding transaction amounts as at December 31, 2023 and 2022:

	2023		2022
	(in million pesos)
Additions to lease liabilities (Note 10)		15,759		34,277