Accounts Payable

12 Months Ended

Dec. 31, 2018

Text Block1 [Abstract]

Accounts Payable

22. Accounts Payable

As at December 31, 2018 and 2017, this account consists of:

	2018			2017
			(in million pesos)
Suppliers and contractors (Note 27)		69,099			54,196
Carriers and other customers (Note 27)		1,815			2,083
Taxes (Note 26)		1,789			1,952
Related parties (Notes 24 and 27)		684			451
Others		1,223			1,763
		74,610			60,445

Accounts payable are non-interest-bearing and are normally settled within 180 days.

For terms and conditions pertaining to the payables to related parties, see Note 24 – Related Party Transactions.

For detailed discussion on the PLDT Group’s liquidity risk management processes, see Note 27 – Financial Assets and Liabilities – Liquidity Risk.