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Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022 are as follows:
Sites |  | 1 – 30 years
International leased circuits(1) |  | 1 – 11 years
Poles(2) |  | 2 – 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, 2021, the estimated useful life ranges from 1-10 years. (2) As at December 31, 2021, the estimated useful life ranges from 1-12 years. (3) As at December 31, 2021, the estimated useful life ranges from 1-10 years.
Schedule of Changes in Right of Use Assets | Our consolidated rollforward analysis of ROU assets as at December 31, 2022 and 2021 are as follows:
|  | Sites |  |  | International Leased Circuits |  |  | Poles |  |  | Domestic Leased Circuits |  |  | Office Buildings |  |  | Co-located Sites |  |  | Sale and Leaseback Adjustment |  |  | Total |
|  | (in million pesos) |
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 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | 23,093 |  |  |  | 4,257 |  |  |  | 3,631 |  |  |  | 1,732 |  |  |  | 1,669 |  |  |  | 10 |  |  |  | — |  |  |  | 34,392 |
Additions (Note 29) |  |  | 32,735 |  |  |  | 402 |  |  |  | 116 |  |  |  | 851 |  |  |  | 165 |  |  |  | 5 |  |  |  | — |  |  |  | 34,274 |
Business combination |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 90 |
Currency translation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5 | ) |  |  | — |  |  |  | — |  |  |  | (5 | )
Asset retirement obligation |  |  | (1,412 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (95 | ) |  |  | — |  |  |  | — |  |  |  | (1,507 | )
Modifications |  |  | (7 | ) |  |  | (106 | ) |  |  | 432 |  |  |  | (8 | ) |  |  | 1 |  |  |  | — |  |  |  | (12,776 | ) |  |  | (12,464 | )
Terminations |  |  | (12,196 | ) |  |  | (294 | ) |  |  | — |  |  |  | (139 | ) |  |  | (316 | ) |  |  | — |  |  |  | — |  |  |  | (12,945 | )
Balances at end of the year |  |  | 42,303 |  |  |  | 4,259 |  |  |  | 4,179 |  |  |  | 2,436 |  |  |  | 1,420 |  |  |  | 15 |  |  |  | (12,776 | ) |  |  | 41,836 |
Accumulated depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | (8,666 | ) |  |  | (2,014 | ) |  |  | (1,629 | ) |  |  | (966 | ) |  |  | (1,030 | ) |  |  | (6 | ) |  |  | — |  |  |  | (14,311 | )
Terminations |  |  | 4,931 |  |  |  | 150 |  |  |  | — |  |  |  | 71 |  |  |  | 293 |  |  |  | — |  |  |  | — |  |  |  | 5,445 |
Charge from asset retirement obligation |  |  | 1,545 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 103 |  |  |  | — |  |  |  | — |  |  |  | 1,648 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 5 |
Currency translation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Modifications |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | (10 | )
Business combination |  |  | (33 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (33 | )
Depreciation (Note 3) |  |  | (3,824 | ) |  |  | (832 | ) |  |  | (875 | ) |  |  | (475 | ) |  |  | (347 | ) |  |  | (3 | ) |  |  | 640 |  |  |  | (5,716 | )
Balances at end of the year |  |  | (6,047 | ) |  |  | (2,696 | ) |  |  | (2,504 | ) |  |  | (1,370 | ) |  |  | (987 | ) |  |  | (9 | ) |  |  | 640 |  |  |  | (12,973 | )
Net book value as at December 31, 2022 |  |  | 36,256 |  |  |  | 1,563 |  |  |  | 1,675 |  |  |  | 1,066 |  |  |  | 433 |  |  |  | 6 |  |  |  | (12,136 | ) |  |  | 28,863 |
Summary of Number of Sites Awarded | The table below enumerates the selected TowerCos and number of BTS sites with SOs under the program:
Tower Providers |  |  | Number of Sites Awarded |
Unity Digital Infrastructure |  |  |  |  | 50 |
Alt-Global-Solutions, Inc. |  |  |  |  | 34 |
Transcend Towers Infrastructure (Philippines) Inc. |  |  |  |  | 13 |
Communication and Renewable Energy Infrastructure Phils. Inc. |  |  |  |  | 67 |
Edotco Towers Inc. |  |  |  |  | 10 |
Frontier Tower Associates Philippines, Inc. |  |  |  |  | 84 |
ISON Tower Ltd. Inc. |  |  |  |  | 108 |
MIESCOR Infrastructure Development Corporation |  |  |  |  | 38 |
Phil-Tower Consortium Inc. |  |  |  |  | 55 |
SBA Towers Philippines, Inc. |  |  |  |  | 5 |
Summary of Amounts Recognized in Consolidated Income Statements | The following amounts are recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020:
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  |  |  | (in million pesos) |  |
Depreciation expense of ROU assets (Note 3) |  |  | 5,716 |  |  |  | 5,388 |  |  |  | 4,940 |
Interest expense on lease liabilities (Note 5) |  |  | 2,064 |  |  |  | 1,170 |  |  |  | 1,125 |
Expenses relating to short-term leases (included in general and administrative expenses) (Note 5) |  |  | 1,440 |  |  |  | 1,459 |  |  |  | 618 |
Variable lease payments (included in general and administrative expenses) (Note 5) |  |  | 589 |  |  |  | 771 |  |  |  | 764 |
Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5) |  |  | 2 |  |  |  | 1 |  |  |  | 2 |
Total amount recognized in consolidated income statements |  |  | 9,811 |  |  |  | 8,789 |  |  |  | 7,449 |
Schedule of Changes in Lease Liabilities | Our consolidated rollforward analysis of lease liabilities as at December 31, 2022 and 2021 are as follows:
|  | 2022 |  |  | 2021 |
|  |  |  | (in million pesos) |
Balances at beginning of the year |  |  | 21,686 |  |  |  | 20,025 |
Additions (Note 29) |  |  | 34,277 |  |  |  | 7,314 |
Accretion on lease liabilities (Note 5) |  |  | 2,064 |  |  |  | 1,170 |
Lease modifications |  |  | 317 |  |  |  | 33 |
Foreign exchange gains – net |  |  | 215 |  |  |  | 147 |
Business combination |  |  | 46 |  |  |  |
Adjustment |  |  | — |  |  |  | 11 |
Reclassed to lease liabilities held-for-sale |  |  | (1,668 | ) |  |  | — |
Termination |  |  | (6,171 | ) |  |  | (467 | )
Settlement of obligations |  |  | (8,331 | ) |  |  | (6,547 | )
Balances at end of the year (Notes 3 and 29) |  |  | 42,435 |  |  |  | 21,686 |
Less current portion of lease liabilities (Note 28) |  |  | 10,477 |  |  |  | 4,555 |
Noncurrent portion of lease liabilities (Note 28) |  |  | 31,958 |  |  |  | 17,131 |
Summary of Operating Lease Commitments | Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2022 and 2021 are as follows.
|  | 2022 |  |  | 2021 |
|  |  |  | (in million pesos) |
Within one year |  |  | 57 |  |  |  | 51 |
After one year but not more than five years |  |  | — |  |  |  | — |
More than five years |  |  | — |  |  |  | — |
|  |  | 57 |  |  |  | 51 |

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