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Prepayments and Other Non-Financial Assets | 12 Months Ended
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Dec. 31, 2024
Prepayments [Abstract] |
Prepayments and Other Non-Financial Assets | 18. Prepayments and Other Non-Financial Assets As at December 31, 2024 and 2023, this account consists of:
|  | 2024 |  |  | 2023 |
|  | (in million pesos) |
Advances to suppliers and contractors |  |  | 29,486 |  |  |  | 47,706 |
Subscriber contract costs |  |  | 28,817 |  |  |  | 28,926 |
Prepaid taxes |  |  | 6,968 |  |  |  | 11,914 |
Prepaid fees and licenses |  |  | 2,084 |  |  |  | 2,022 |
Prepaid benefit costs (Note 25) |  |  | 975 |  |  |  | 917 |
Prepaid repairs and maintenance |  |  | 862 |  |  |  | 455 |
Prepaid rent |  |  | 371 |  |  |  | 399 |
Prepaid insurance |  |  | 144 |  |  |  | 150 |
Other prepayments |  |  | 1,168 |  |  |  | 518 |
Other non-financial assets |  |  | 1,029 |  |  |  | 573 |
|  |  | 71,904 |  |  |  | 93,580 |
Less current portion of prepayments and other nonfinancial assets |  |  | 9,975 |  |  |  | 13,215 |
Noncurrent portion of prepayments and other nonfinancial assets |  |  | 61,929 |  |  |  | 80,365 |
Advances to suppliers and contractors are non-interest bearing and are to be applied to contractors’ subsequent progress billings for projects. Subscriber contract costs consist of the cost to obtain and cost to fulfill a contract with subscribers. Cost to obtain amounted to Php4,448 million and Php4,456 million as at December 31, 2024 and 2023, respectively. Amortization of cost to obtain presented under selling and promotions amounted to Php1,204 million, Php3,147 million and Php980 million for the years ended December 31, 2024,2023 and 2022, respectively. Costs to fulfill amounted to Php24,369 million and Php24,470 million as at December 31, 2024 and 2023, respectively. Amortization of cost to fulfill, which is presented under depreciation and amortization in the consolidated income statement, amounted to Php7,449 million and Php11,789 million for the years ended December 31, 2024 and 2023, respectively. Prepaid taxes include creditable withholding taxes and input VAT. Prepaid fees and licenses include advance payments for NTC license fees and unexpired portion of fees paid to the NTC.

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- Definition The disclosure of prepayments and other assets. [Refer: Other assets; Prepayments] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition Prepayments. + References No definition available. + Details
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