Leases (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 are as follows:

Sites		1 – 30 years
International leased circuits⁽¹⁾		1 – 10 years
Poles⁽²⁾		1 – 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, 2020, the estimated useful life ranges from 3-7 years.}

⁽²⁾

^{As at December 31, 2020, the estimated useful life ranges from 1-10 years.}

⁽³⁾

^{As at December 31, 2020, the estimated useful life ranges from 4-10 years.}

Schedule of Changes in Right of Use Assets

Our consolidated rollforward analysis of ROU assets as at December 31, 2021 and 2020 are as follows:

	Sites			International Leased Circuits			Poles			Domestic Leased Circuits			Office Buildings			Co-located Sites			Total
	(in million pesos)
As at December 31, 2020
Costs:
Balances at beginning of the year		14,412			4,341			726			1,214			906			11			21,610
Additions (Note 29)		3,538			2,600			2,576			39			582			—			9,335
Asset retirement obligation		556			—			—			—			172			—			728
Terminations		(158	)		(1,181	)		—			—			(24	)		—			(1,363	)
Modifications		(294	)		(1,472	)		79			41			(52	)		(2	)		(1,700	)
Adjustments		(3	)		—			(11	)		—			—			—			(14	)
Reclassifications		(197	)		—			—			—			197			—			—
Balances at end of the year		17,854			4,288			3,370			1,294			1,781			9			28,596

Accumulated depreciation and amortization:
Balances at beginning of the year		(3,926	)		(834	)		(340	)		(183	)		(436	)		(1	)		(5,720	)
Terminations		113			223			—			—			37			—			373
Adjustments		1			—			—			—			1			—			2
Modifications		3			—			(7	)		—			(4	)		—			(8	)
Depreciation (Note 3)		(2,764	)		(735	)		(620	)		(244	)		(574	)		(3	)		(4,940	)
Reclassifications		17			—			—			—			(17	)		—			—
Balances at end of the year		(6,556	)		(1,346	)		(967	)		(427	)		(993	)		(4	)		(10,293	)
Net book value as at December 31, 2020		11,298			2,942			2,403			867			788			5			18,303

As at 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

Summary of Amounts Recognized in Consolidated Income Statements

The following amounts are recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019:

	2021		2020		2019
	(in million pesos)
Depreciation expense of ROU assets (Note 3)		5,388		4,940		4,393
Expenses relating to short-term leases (included in general and administrative expenses) (Note 5)		1,459		618		378
Interest expense on lease liabilities (Note 5)		1,170		1,125		1,061
Variable lease payments (included in general and administrative expenses) (Note 5)		771		764		708
Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5)		1		2		204
Total amount recognized in consolidated income statements		8,789		7,449		6,744

Schedule of Changes in Lease Liabilities

Our consolidated rollforward analysis of lease liabilities as at December 31, 2021 and 2020 are as follows:

	2021			2020
	(in million pesos)
Balances at beginning of the year		20,025			16,315
Additions (Note 29)		7,314			11,122
Accretion on lease liabilities (Note 5)		1,170			1,125
Foreign exchange gain (losses) – net		147			(171	)
Lease modifications		33			(1,397	)
Adjustment		11			—
Termination		(467	)		(1,188	)
Settlement of obligations		(6,547	)		(5,781	)
Balances at end of the year (Notes 3 and 29)		21,686			20,025
Less current portion of lease liabilities (Note 28)		4,555			4,043
Noncurrent portion of lease liabilities (Note 28)		17,131			15,982

Summary of Operating Lease Commitments

Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2021 and 2020 are as follows.

	2021		2020
	(in million pesos)
Within one year		51		58
After one year but not more than five years		—		—
More than five years		—		—
		51		58