Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018

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Summary of Outstanding Balances and Transactions with Related Parties

The following table provides the summary of outstanding balances as at December 31, 2018 and 2017 transactions that have been entered into with related parties:

	Classifications	Terms		Conditions	2018			2017
							(in million pesos)
Indirect investment in joint    ventures through PCEV:
Meralco	Accrued expenses and other current    liabilities (Note 23)	Electricity charges – immediately upon    receipt of invoice		Unsecured		518			653
	Accrued expenses and other current    liabilities (Note 23)	Pole rental – 45 days upon receipt of    billing		Unsecured		209			5
Meralco Industrial Engineering    Services Corporation, or    MIESCOR	Accrued expenses and other current    liabilities (Note 23)	30 days upon receipt of invoice		Unsecured		3			—
MPIC	Financial assets at FVOCI - net of    current portion (Note 10)	Due on June 2020 and 2021 for 2018 and    due on June 2019 to 2021 for 2017;    non-interest-bearing		Unsecured		2,749			—
	Current portion of financial assets at    fair value through other    comprehensive income    (Note 10)	Due on June 2019 for 2018 and due on    June 2018 for 2017;    non-interest-bearing		Unsecured		1,604			—
	Trade and other receivables    (Note 16)	Due on June 2018 for 2017 and    June 2017 for 2016;    non-interest-bearing		Unsecured		—			4,091
	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
Transactions with major    stockholders, directors    and officers:
NTT Finance Corporation	Interest-bearing financial liabilities    (Note 20)	Non-amortizing, payable upon maturity on    March 30, 2023 and March 27, 2024		Unsecured		2,628			2,498
NTT World Engineering    Marine Corporation	Accrued expenses and other current    liabilities (Note 23)	1st month of each quarter;    non-interest-bearing		Unsecured		84			33
NTT Communications	Accrued expenses and other current    liabilities (Note 23)	30 days upon receipt of invoice;    non-interest-bearing		Unsecured		20			9
NTT Worldwide    Telecommunications    Corporation	Accrued expenses and other current    liabilities (Note 23)	30 days upon receipt of invoice;    non-interest-bearing		Unsecured		3			6
NTT DOCOMO	Accrued expenses and other current    liabilities (Note 23)	30 days upon receipt of invoice;    non-interest-bearing		Unsecured		12			11
JGSHI and Subsidiaries	Accounts payable and accrued    expenses and other current liabilities    (Notes 22 and 23)	Immediately upon receipt of invoice		Unsecured		13			11
Malayan Insurance Co., Inc.    or Malayan	Prepayments (Note 18)	Immediately upon receipt of invoice		Unsecured		19			66
	Accrued expenses and other current    liabilities (Note 23)	Immediately upon receipt of invoice		Unsecured		6			11
Gotuaco del Rosario and    Associates, or Gotuaco	Prepayments (Note 18)	Immediately upon receipt of invoice		Unsecured		—			12
	Accrued expenses and other current    liabilities (Note 23)	Immediately upon receipt of invoice		Unsecured		5			15
Others:
TV5 Network, Inc., or TV5	Prepayments (Note 18)		—	Unsecured		—			277
Cignal Cable Corporation,    or Cignal Cable    (formerly Dakila Cable    TV Corp.)	Prepayments (Note 18)		—	Unsecured		169			—
	Accrued expenses and other current    liabilities (Note 23)	Immediately upon receipt of invoice		Unsecured		—			125
Various	Trade and other receivables (Note 16)	30 days upon receipt of invoice		Unsecured		2,094			1,867
	Accounts payable (Note 22)	Immediately upon receipt of billing		Unsecured		684			365
	Accrued expenses and other current    liabilities (Note 23)	Immediately upon receipt of billing		Unsecured		9			35

The following table provides the summary of transactions that have been entered into with related parties for the years ended December 31, 2018, 2017 and 2016 in relation with the table above.

	Classifications	2018		2017		2016
				(in million pesos)
Indirect investment in joint ventures through PCEV:
Meralco	Repairs and maintenance		2,771		2,397		2,401
	Rent		583		298		272
MIESCOR	Repairs and maintenance		33		117		144
	Construction-in-progress		33		81		67
Transactions with major stockholders, directors and officers:
NTT Finance Corporation	Financing costs		100		56		9
NTT World Engineering Marine Corporation	Repairs and maintenance		17		47		18
NTT Communications	Professional and other contracted services		95		88		77
	Rent		5		4		7
NTT Worldwide Telecommunications Corporation	Selling and promotions		5		8		10
NTT DOCOMO	Professional and other contracted services		96		94		95
JGSHI and Subsidiaries	Rent		236		118		125
	Repairs and maintenance		111		69		57
	Communication, training and travel		20		2		2
	Miscellaneous expenses		7		—		—
Malayan	Insurance and security services		182		179		242
Gotuaco	Insurance and security services		163		126		156
Asia Link B.V., or ALBV	Professional and other contracted services		34		190		183
First Pacific Investment Management Limited, or FPIML	Professional and other contracted services		135		—		—
Others:
TV5	Selling and promotions		409		149		126
Cignal Cable	Cost of services		372		514		116
Various	Revenues		2,355		2,059		781
	Expenses		1,935		1,223		1,113

Summary of Compensation of Key Officers by Benefit Type

The compensation of key officers of the PLDT Group by benefit type for the years ended December 31, 2018, 2017 and 2016 are as follows:

	2018		2017		2016
			(in million pesos)
Short-term employee benefits		401		325		527
Share-based payments (Note 25)		83		—		—
Post-employment benefits (Note 25)		30		27		50
Total compensation paid to key officers of the PLDT Group		514		352		577