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Trade and Other Receivables
 12 Months Ended
Dec. 31, 2022
Trade and other receivables [abstract]  
Trade and Other Receivables

17. Trade and Other Receivables

As at December 31, 2022 and 2021, this account consists of receivables from:

 

 

 

2022

 

 

2021

 

 

 

 

 

(in million pesos)

 

Retail subscribers (Note 28)

 

 

17,216

 

 

 

15,676

 

Corporate subscribers (Note 28)

 

 

15,151

 

 

 

13,079

 

Foreign administrations (Note 28)

 

 

1,058

 

 

 

1,341

 

Domestic carriers (Note 28)

 

 

296

 

 

 

241

 

Dealers, agents and others (Note 28)

 

 

6,195

 

 

 

5,288

 

 

 

 

39,916

 

 

 

35,625

 

Less: Allowance for expected credit losses

 

 

13,661

 

 

 

13,835

 

 

 

 

26,255

 

 

 

21,790

 

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, 2022 and 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)

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at beginning
   of the year

 

—

 

 

1,573

 

 

6,466

 

 

 

—

 

 

1,378

 

 

3,330

 

 

 

—

 

 

121

 

 

 

—

 

 

14

 

 

 

87

 

 

866

 

 

 

—

 

 

3,038

 

 

10,797

 

 

13,835

 

Provisions and other
   adjustments (Note 5)

 

—

 

 

782

 

 

3,420

 

 

 

—

 

 

427

 

 

489

 

 

 

1

 

 

33

 

 

 

—

 

 

(13

)

 

 

3

 

 

14

 

 

 

—

 

 

1,213

 

 

3,943

 

 

5,156

 

Reclassifications and reversals

 

—

 

 

(489

)

 

578

 

 

 

—

 

 

(129

)

 

(27

)

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

562

 

 

6

 

 

 

—

 

 

(56

)

 

557

 

 

501

 

Translation adjustments

 

—

 

 

—

 

 

—

 

 

 

—

 

 

41

 

 

24

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

41

 

 

24

 

 

65

 

Write-offs

 

—

 

 

—

 

 

(5,441

)

 

 

—

 

 

—

 

 

(434

)

 

 

—

 

 

(21

)

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

 

—

 

 

—

 

 

(5,896

)

 

(5,896

)

Balances at end of the year

 

—

 

 

1,866

 

 

5,023

 

 

 

—

 

 

1,717

 

 

3,382

 

 

 

1

 

 

133

 

 

 

—

 

 

1

 

 

 

652

 

 

886

 

 

 

—

 

 

4,236

 

 

9,425

 

 

13,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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.