XML 36 R23.htm IDEA: XBRL DOCUMENT v3.22.1
Trade and Other Receivables
 12 Months Ended
Dec. 31, 2021
Trade And Other Receivables [Abstract]  
Trade and Other Receivables

17.

Trade and Other Receivables

As at December 31, 2021 and 2020, this account consists of receivables from:

 

 

 

2021

 

 

2020

 

 

 

(in million pesos)

 

Retail subscribers (Note 28)

 

 

15,676

 

 

 

17,142

 

Corporate subscribers (Note 28)

 

 

13,079

 

 

 

13,318

 

Foreign administrations (Note 28)

 

 

1,341

 

 

 

1,520

 

Domestic carriers (Note 28)

 

 

241

 

 

 

226

 

Dealers, agents and others (Note 28)

 

 

5,288

 

 

 

6,098

 

 

 

 

35,625

 

 

 

38,304

 

Less: Allowance for expected credit losses

 

 

13,835

 

 

 

16,251

 

 

 

 

21,790

 

 

 

22,053

 

 

Receivables from foreign administrations and domestic carriers represent receivables based on interconnection agreements with other telecommunications carriers.  The aforementioned amounts of receivables are shown net of related payables to the same telecommunications carriers where a legal right of offset exists and settlement is facilitated on a net basis.

Receivables from dealers, agents and others consist mainly of receivables from credit card companies, dealers and distributors having collection arrangements with the PLDT Group, dividend receivables and advances to affiliates.

Trade and other receivables are noninterest-bearing and generally have settlement terms of 30 to 180 days.

For terms and conditions relating to related party receivables, see Note 25 – Related Party Transactions.

See Note 28 – Financial Assets and Liabilities on credit risk of trade receivables to understand how we manage and measure credit quality of trade receivables that are neither past due nor impaired.

 

 

The following table explains the changes in the allowance for expected credit losses as at December 31, 2021 and 2020:

 

 

2021

 

 

Retail

Subscribers

 

Corporate

Subscribers

 

 

Foreign

Administrations

 

 

Domestic

Carriers

 

 

Dealers, Agents

and Others

 

 

Total

 

 

 

 

 

Stage 1

 

Stage 2

 

Stage 3

 

Stage 1

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 1

 

Stage 2

 

Stage 3

 

 

 

 

 

 

 

 

Lifetime ECL

 

 

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

 

 

 

Lifetime ECL

 

Total

 

 

 

 

 

(in million pesos)

 

Balances at

   beginning of

   the year

 

—

 

 

2,433

 

 

7,557

 

 

—

 

 

1,380

 

 

3,478

 

 

 

9

 

 

227

 

 

 

3

 

 

58

 

 

 

135

 

 

971

 

 

 

—

 

 

3,960

 

 

12,291

 

 

16,251

 

Provisions and

   other

   adjustments

   (Note 5)

 

—

 

 

(820

)

 

3,516

 

 

—

 

 

(18

)

 

1,045

 

 

 

(9

)

 

4

 

 

 

(3

)

 

8

 

 

 

(48

)

 

62

 

 

 

—

 

 

(898

)

 

4,635

 

 

3,737

 

Reclassifications

   and reversals

 

—

 

 

(5

)

 

86

 

 

—

 

 

(1

)

 

(31

)

 

 

—

 

 

(12

)

 

 

—

 

 

—

 

 

 

—

 

 

(30

)

 

 

—

 

 

(6

)

 

13

 

 

7

 

Write-offs

 

—

 

 

(35

)

 

(4,693

)

 

—

 

 

—

 

 

(1,168

)

 

 

—

 

 

(98

)

 

 

—

 

 

(52

)

 

 

—

 

 

(137

)

 

 

—

 

 

(35

)

 

(6,148

)

 

(6,183

)

Translation

   adjustments

 

—

 

 

—

 

 

—

 

 

—

 

 

17

 

 

6

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

17

 

 

6

 

 

23

 

Balances at end

   of the year

 

—

 

 

1,573

 

 

6,466

 

 

—

 

 

1,378

 

 

3,330

 

 

 

—

 

 

121

 

 

 

—

 

 

14

 

 

 

87

 

 

866

 

 

 

—

 

 

3,038

 

 

10,797

 

 

13,835

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

Retail

Subscribers

 

Corporate

Subscribers

 

 

Foreign

Administrations

 

 

Domestic

Carriers

 

 

Dealers, Agents

and Others

 

 

Total

 

 

 

 

 

Stage 1

 

Stage 2

 

Stage 3

 

Stage 1

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 2

 

Stage 3

 

 

Stage 1

 

Stage 2

 

Stage 3

 

 

 

 

 

 

 

 

Lifetime ECL

 

 

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

Lifetime ECL

 

 

 

 

 

Lifetime ECL

 

Total

 

 

 

 

 

(in million pesos)

 

Balances at

   beginning of

   the year

 

—

 

 

926

 

 

9,766

 

 

—

 

 

732

 

 

3,870

 

 

 

3

 

 

374

 

 

 

4

 

 

86

 

 

 

98

 

 

1,045

 

 

 

—

 

 

1,763

 

 

15,141

 

 

16,904

 

Provisions

   (Note 5)

 

—

 

 

2,387

 

 

2,550

 

 

—

 

 

1,020

 

 

438

 

 

 

6

 

 

(20

)

 

 

(1

)

 

(3

)

 

 

52

 

 

17

 

 

 

—

 

 

3,464

 

 

2,982

 

 

6,446

 

Reclassifications

   and reversals

 

—

 

 

(840

)

 

1,015

 

 

—

 

 

(358

)

 

324

 

 

 

—

 

 

(111

)

 

 

—

 

 

(4

)

 

 

(15

)

 

(6

)

 

 

—

 

 

(1,213

)

 

1,218

 

 

5

 

Write-offs

 

—

 

 

(40

)

 

(5,774

)

 

—

 

 

—

 

 

(1,151

)

 

 

—

 

 

(16

)

 

 

—

 

 

(21

)

 

 

—

 

 

(85

)

 

 

—

 

 

(40

)

 

(7,047

)

 

(7,087

)

Translation

   adjustments

 

—

 

 

—

 

 

—

 

 

—

 

 

(14

)

 

(3

)

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

(14

)

 

(3

)

 

(17

)

Balances at end

   of the year

 

—

 

 

2,433

 

 

7,557

 

 

—

 

 

1,380

 

 

3,478

 

 

 

9

 

 

227

 

 

 

3

 

 

58

 

 

 

135

 

 

971

 

 

 

—

 

 

3,960

 

 

12,291

 

 

16,251

 

 

The significant changes in the balances of trade and other receivables and contract assets are disclosed in Note 5 – Income and Expenses, while the information about the credit exposures are disclosed in Note 28 – Financial Assets and Liabilities.