XML 62 R51.htm IDEA: XBRL DOCUMENT v3.23.1
Trade and Other Receivables (Tables)
 12 Months Ended
Dec. 31, 2022
Trade and other receivables [abstract]  
Summary of 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

 

The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2022 and 2021 are as follows:

 

 

 

2022

 

 

2021

 

 

 

 

 

(in million pesos)

 

Financial assets at fair value through profit or loss (Note 12)

 

 

432

 

 

 

339

 

Derivative financial assets – net of current portion

 

 

81

 

 

 

48

 

Current portion of derivative financial assets

 

 

—

 

 

 

93

 

Total

 

 

513

 

 

 

480

 
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, 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