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Deferred Credits and Other Noncurrent Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Deferred Credits And Other Noncurrent Liabilities [Abstract] |
Summary of Deferred Credits and Other Noncurrent Liabilities | As at December 31, 2020 and 2019, this account consists of:
|  | 2020 |  |  | 2019 |
|  | (in million pesos) |
Provision for asset retirement obligations |  |  | 2,000 |  |  |  | 1,767 |
Accrual of capital expenditures under long-term financing |  |  | 1,542 |  |  |  | 2,118 |
Contract liabilities and unearned revenues (Note 5) |  |  | 976 |  |  |  | 604 |
Others |  |  | 150 |  |  |  | 68 |
|  |  | 4,668 |  |  |  | 4,557 |
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, 2020 and 2019:
|  | 2020 |  |  | 2019 |
|  | (in million pesos) |
Provision for asset retirement obligations at beginning of the year |  |  | 1,767 |  |  |  | 1,656 |
Additional liability |  |  | 205 |  |  |  | 154 |
Accretion expenses |  |  | 61 |  |  |  | 82 |
Revaluation due to change in IBR |  |  | 39 |  |  |  | — |
Change in assumptions |  |  | (22 | ) |  |  | — |
Gain on settlement of asset retirement obligation |  |  | (50 | ) |  |  | — |
Settlement of obligations and others |  |  | — |  |  |  | (125 | )
Provision for asset retirement obligations at end of the year |  |  | 2,000 |  |  |  | 1,767 |

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- Definition Disclosure of detailed information about deferred credits and other noncurrent liabilities. + References No definition available. + Details
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