XML 56 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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, 2024 are as follows:
Sites |  | 1 – 30 years
International leased circuits(1) |  | 1 – 19 years
Poles |  | 1 – 12 years
Domestic leased circuits(2) |  | 2 – 10 years
Office buildings |  | 1 – 25 years
Co-located sites(3) |  | 2 – 11 years
(1) As at December 31, 2023, the estimated useful life ranges from 2-20 years. (2) As at December 31, 2023, the estimated useful life ranges from 1-10 years. (3) As at December 31, 2023, the estimated useful life ranges from 3-11 years.
Schedule of Changes in Right of Use Assets | Our consolidated roll forward analysis of ROU assets as at December 31, 2024 and 2023 are as follows:
|  | Sites |  |  | International Leased Circuits |  |  | Poles |  |  | Domestic Leased Circuits |  |  | Office Buildings |  |  | Co-located Sites |  |  | Total |
|  | (in million pesos) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | 38,461 |  |  |  | 4,305 |  |  |  | 3,364 |  |  |  | 2,001 |  |  |  | 1,144 |  |  |  | 53 |  |  |  | 49,328 |
Additions (Note 28) |  |  | 8,683 |  |  |  | 1,546 |  |  |  | 4,273 |  |  |  | 763 |  |  |  | 334 |  |  |  | 8 |  |  |  | 15,607 |
Asset retirement obligation |  |  | 571 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 576 |
Modifications |  |  | (1,180 | ) |  |  | 266 |  |  |  | 173 |  |  |  | 135 |  |  |  | 27 |  |  |  | — |  |  |  | (579 | )
Terminations |  |  | (2,350 | ) |  |  | (1,062 | ) |  |  | (2,474 | ) |  |  | (262 | ) |  |  | (209 | ) |  |  | — |  |  |  | (6,357 | )
Reclassification to ROU assets classified as held-for-sale |  |  | (138 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (138 | )
Balances at end of the year |  |  | 44,047 |  |  |  | 5,055 |  |  |  | 5,336 |  |  |  | 2,637 |  |  |  | 1,301 |  |  |  | 61 |  |  |  | 58,437 |
Accumulated depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | (7,599 | ) |  |  | (3,298 | ) |  |  | (3,156 | ) |  |  | (1,632 | ) |  |  | (887 | ) |  |  | (39 | ) |  |  | (16,611 | )
Modifications |  |  | 108 |  |  |  | (12 | ) |  |  | (3 | ) |  |  | (75 | ) |  |  | (20 | ) |  |  | — |  |  |  | (2 | )
Terminations |  |  | 361 |  |  |  | 1,028 |  |  |  | 2,474 |  |  |  | 262 |  |  |  | 192 |  |  |  | — |  |  |  | 4,317 |
Depreciation (Note 3) |  |  | (4,763 | ) |  |  | (828 | ) |  |  | (1,054 | ) |  |  | (365 | ) |  |  | (295 | ) |  |  | (10 | ) |  |  | (7,315 | )
Reclassification to ROU assets classified as held-for-sale |  |  | 285 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 285 |
Balances at end of the year |  |  | (11,608 | ) |  |  | (3,110 | ) |  |  | (1,739 | ) |  |  | (1,810 | ) |  |  | (1,010 | ) |  |  | (49 | ) |  |  | (19,326 | )
Net book value as at December 31, 2024 |  |  | 32,439 |  |  |  | 1,945 |  |  |  | 3,597 |  |  |  | 827 |  |  |  | 291 |  |  |  | 12 |  |  |  | 39,111 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | 29,535 |  |  |  | 4,259 |  |  |  | 4,179 |  |  |  | 2,436 |  |  |  | 1,420 |  |  |  | 15 |  |  |  | 41,844 |
Additions (Note 28) |  |  | 14,942 |  |  |  | 341 |  |  |  | 66 |  |  |  | 99 |  |  |  | 255 |  |  |  | 56 |  |  |  | 15,759 |
Asset retirement obligation |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26 | ) |  |  | — |  |  |  | 67 |
Modifications |  |  | (35 | ) |  |  | (46 | ) |  |  | (851 | ) |  |  | (326 | ) |  |  | (149 | ) |  |  | (18 | ) |  |  | (1,425 | )
Terminations |  |  | (3,566 | ) |  |  | (249 | ) |  |  | (30 | ) |  |  | (208 | ) |  |  | (356 | ) |  |  | — |  |  |  | (4,409 | )
Reclassification to ROU assets classified as held-for-sale |  |  | (2,508 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,508 | )
Balances at end of the year |  |  | 38,461 |  |  |  | 4,305 |  |  |  | 3,364 |  |  |  | 2,001 |  |  |  | 1,144 |  |  |  | 53 |  |  |  | 49,328 |
Accumulated depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  |  | (5,415 | ) |  |  | (2,696 | ) |  |  | (2,504 | ) |  |  | (1,370 | ) |  |  | (987 | ) |  |  | (9 | ) |  |  | (12,981 | )
Modifications |  |  | 23 |  |  |  | — |  |  |  | 278 |  |  |  | 147 |  |  |  | 236 |  |  |  | 6 |  |  |  | 690 |
Charge from asset retirement obligation |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | — |  |  |  | 33 |
Terminations |  |  | 1,163 |  |  |  | 220 |  |  |  | 10 |  |  |  | 208 |  |  |  | 198 |  |  |  | — |  |  |  | 1,799 |
Depreciation from continuing operations (Notes 2 and 3) |  |  | (4,151 | ) |  |  | (822 | ) |  |  | (940 | ) |  |  | (617 | ) |  |  | (332 | ) |  |  | (36 | ) |  |  | (6,898 | )
Depreciation from discontinued operations (Notes 2 and 3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (19 | ) |  |  | — |  |  |  | (19 | )
Reclassification to ROU assets classified as held-for-sale |  |  | 765 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 765 |
Balances at end of the year |  |  | (7,599 | ) |  |  | (3,298 | ) |  |  | (3,156 | ) |  |  | (1,632 | ) |  |  | (887 | ) |  |  | (39 | ) |  |  | (16,611 | )
Net book value as at December 31, 2023 |  |  | 30,862 |  |  |  | 1,007 |  |  |  | 208 |  |  |  | 369 |  |  |  | 257 |  |  |  | 14 |  |  |  | 32,717 |
Summary of Amounts Recognized in Consolidated Income Statements | The following amounts are recognized in our consolidated income statements for the years ended December 31, 2024, 2023 and 2022:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in million pesos) |
Depreciation expense of ROU assets from continuing operations |  |  | 7,315 |  |  |  | 6,898 |  |  |  | 5,661 |
Depreciation expense of ROU assets from discontinued operations |  |  | — |  |  |  | 19 |  |  |  | 55 |
Interest expense on lease liabilities from continuing operations |  |  | 3,935 |  |  |  | 3,266 |  |  |  | 2,057 |
Interest expense on lease liabilities discontinued operations |  |  | — |  |  |  | 2 |  |  |  | 7 |
Variable lease payments (included in general and administrative expenses) from continuing operations |  |  | 829 |  |  |  | 656 |  |  |  | 589 |
Variable lease payments (included in general and administrative expenses) from discontinued operations |  |  | — |  |  |  | (2 | ) |  |  | — |
Expenses relating to short-term leases (included in general and administrative expenses) |  |  | 569 |  |  |  | 714 |  |  |  | 1,440 |
Expenses relating to leases of low-value assets (included in general and administrative expenses) |  |  | — |  |  |  | 2 |  |  |  | 2 |
Total amount recognized in consolidated income statements |  |  | 12,648 |  |  |  | 11,555 |  |  |  | 9,811 |
Schedule of Changes in Lease Liabilities | Our consolidated roll forward analysis of lease liabilities as at December 31, 2024 and 2023 are as follows:
|  | 2024 |  |  | 2023 |
|  | (in million pesos) |
Balances at beginning of the year |  |  | 47,546 |  |  |  | 42,435 |
Additions (Note 28) |  |  | 15,607 |  |  |  | 15,759 |
Accretion on lease liabilities from continuing operations (Note 5) |  |  | 3,935 |  |  |  | 3,266 |
Accretion on lease liabilities from discontinued operations |  |  | — |  |  |  | 2 |
Reclassification to lease liabilities classified as held-for-sale |  |  | (87 | ) |  |  | (1,503 | )
Foreign exchange gains – net |  |  | 100 |  |  |  | 1 |
Lease modifications |  |  | (121 | ) |  |  | (933 | )
Termination |  |  | (863 | ) |  |  | (774 | )
Settlement of obligations |  |  | (12,079 | ) |  |  | (10,707 | )
Balances at end of the year (Notes 3 and 28) |  |  | 54,038 |  |  |  | 47,546 |
Less current portion of lease liabilities (Note 27) |  |  | 7,335 |  |  |  | 5,921 |
Noncurrent portion of lease liabilities (Note 27) |  |  | 46,703 |  |  |  | 41,625 |

X
- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Paragraph 53 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&anchor=para_53&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_PresentationOfLeasesForLesseeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of estimated useful life of right of use assets. + References No definition available. + Details
Name: | phi_DisclosureOfEstimatedUsefulLifeOfRightOfUseAssetsExplanatory
Namespace Prefix: | phi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information about amounts recognized in consolidated income statement. + References No definition available. + Details
Name: | phi_DisclosureOfInformationAboutAmountsRecognizedInConsolidatedIncomeStatementExplanatory
Namespace Prefix: | phi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of quantitative information about changes in lease liability. + References No definition available. + Details
Name: | phi_DisclosureOfQuantitativeInformationAboutChangesInLeaseLiabilityExplanatory
Namespace Prefix: | phi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration