Trade and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2021

Trade And Other Receivables [Abstract]

Summary of 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

The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2021 and 2020 are as follows:

	2021		2020
	(in million pesos)
Financial assets at fair value through profit or loss (Note 12)		339		380
Derivative financial assets – net of current portion		48		—
Current portion of derivative financial assets		93		22
Total		480		402

Summary of Changes in the Allowance for Expected Credit Losses

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