The following table provides the summary of outstanding balances as at December 31, 2017 and 2016 transactions that have been entered into with related parties:

Classifications

Terms

Conditions

2017

2016

(in million pesos)

Indirect investment in joint ventures through

PCEV:

Meralco

Accrued expenses

and other current

liabilities (Note 24)

Electricity

charges – immediately

upon receipt of invoice

Unsecured

653

327

Accrued expenses

and other current

liabilities (Note 24)

Pole rental – 45 days upon receipt of billing

Unsecured

—

MPIC

Advances and other

noncurrent assets – net

of current portion

(Note 10)

Due on 2019 to 2021

for 2017 and 2018 to

2020 for 2016; non-

interest- bearing

Unsecured

11,461

6,514

Trade and other

receivables

(Notes 10 and 17)

Due on June 2018 for

2017 and June 2017

for 2016; non-

interest- bearing

Unsecured

4,091

1,838

Transactions with major stockholders, directors

and officers:

NTT Finance Corporation

Interest-bearing

financial liabilities

(Note 21)

Non-amortizing,

payable upon

maturity on

March 30, 2023

Unsecured

2,498

1,244

NTT World Engineering Marine Corporation

Accrued expenses

and other current

liabilities (Note 24)

1st month of each

quarter; non-interest-

bearing

Unsecured

NTT Communications

Accrued expenses

and other current

liabilities (Note 24)

30 days upon receipt

of invoice; non-interest-

bearing

Unsecured

NTT Worldwide Telecommunications

Corporation

Accrued expenses

and other current

liabilities (Note 24)

30 days upon receipt

of invoice; non-interest-

bearing

Unsecured

NTT DOCOMO

Accrued expenses

and other current

liabilities (Note 24)

30 days upon receipt

of invoice; non-interest-

bearing

Unsecured

JGSHI and Subsidiaries

Accounts payable and

accrued expenses

and other current

liabilities

(Notes 23 and 24)

Immediately upon receipt

of invoice

Unsecured

Malayan Insurance Co., Inc., or Malayan

Prepayments (Note 19)

Immediately upon receipt

of invoice

Unsecured

Accrued expenses

and other current

liabilities (Note 24)

Immediately upon receipt

of invoice

Unsecured

Gotuaco del Rosario and Associates, or Gotuaco

Prepayments (Note 19)

Immediately upon receipt

of invoice

Unsecured

Accrued expenses

and other current

liabilities (Note 24)

Immediately upon receipt

of invoice

Unsecured

—

Others:

TV5 Network, Inc., or TV5

Prepayments (Note 19)

—

Unsecured

277

414

Dakila Cable TV Corp., or Dakila

Accrued expenses

and other current

liabilities (Note 24)

Immediately upon receipt

of invoice

Unsecured

125

—

Various

Trade and other

receivables (Note 17)

30 days upon receipt

of invoice

Unsecured

1,867

1,416

Accounts payable (Note 23)

Immediately upon receipt

of billing

Unsecured

365

339

Accrued expenses

and other current

liabilities (Note 24)

Immediately upon receipt

of billing

Unsecured

The following table provides the summary of transactions that have been entered into with related parties for the years ended December 31, 2017, 2016 and 2015 in relation with the table above.

	Classifications	2017		2016		2015
				(in million pesos)
Indirect investment in joint ventures through PCEV:
Meralco	Repairs and maintenance		2,397		2,401		2,328
	Rent		298		272		264
Meralco Industrial Engineering Services Corporation, or MIESCOR	Repairs and maintenance		117		144		165
	Construction- in-progress		81		67		95
Transactions with major stockholders, directors and officers:
NTT Finance Corporation	Financing costs		56		19		—
NTT World Engineering Marine Corporation	Repairs and maintenance		47		18		60
NTT Communications	Professional and other contracted services		88		77		77
	Rent		4		7		10
NTT Worldwide Telecommunications Corporation	Selling and promotions		8		10		14
NTT DOCOMO	Professional and other contracted services		94		95		90
JGSHI and Subsidiaries	Rent		118		125		303
	Repairs and maintenance		69		57		20
	Communication, training and travel		2		2		2
Malayan	Insurance and security services		179		242		236
Gotuaco	Insurance and security services		126		156		—
Asia Link B.V., or ALBV	Professional and other contracted services		190		183		203

Indirect investment in associate through ACeS Philippines:
AIL	Cost of sales (Note 5)		—		—		16

Others:
TV5	Selling and promotions		149		126		161
Dakila	Cost of services		514		116		51
Various	Revenues		2,059		781		864
	Expenses		1,223		1,113		972