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Financial Assets and Liabilities - Summary of Consolidated Financial Assets and Financial Liabilities (Detail) - PHP (₱)
₱ in Millions
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Noncurrent Assets          
Financial assets at fair value through profit or loss ₱ 380   ₱ 3,369    
Debt instruments at amortized cost – net of current portion 1,153        
Derivative financial assets – net of current portion     1    
Financial assets at fair value through other comprehensive income – net of current portion     162    
Other financial assets – net of current portion 2,915   1,986    
Current Assets          
Cash and cash equivalents (Note 16) 40,237   24,369 ₱ 51,654 ₱ 32,905
Short-term investments 989   314    
Trade and other receivables (Note 17) 22,053   22,436    
Current portion of derivative financial assets 22   41    
Current portion of debt instruments at amortized cost     150    
Current portion of financial assets at fair value through other comprehensive income 168   2,757    
Current portion of other financial assets 7,172   8,086    
Total assets 75,089   63,671    
Noncurrent Liabilities          
Interest-bearing financial liabilities – net of current portion 205,195   172,834    
Lease liabilities – net of current portion 15,982   13,100    
Derivative financial liabilities – net of current portion 360   25    
Customers' deposits 2,371   2,205    
Deferred credits and other noncurrent liabilities 1,683   2,179    
Current Liabilities          
Accounts payable 80,051   76,384    
Accrued expenses and other current liabilities 86,849   81,154    
Current portion of interest-bearing financial liabilities 17,570   19,722    
Current portion of lease liabilities 4,043 ₱ 4,043 3,215    
Dividends payable 1,194   1,584    
Current portion of derivative financial liabilities 176   88    
Total liabilities 415,474   372,490    
Net assets (liabilities) (340,385)   (308,819)    
Cash and Cash Equivalent [member]          
Current Assets          
Cash and cash equivalents (Note 16) 40,237   24,369    
Total assets 40,237   24,369    
Current Liabilities          
Net assets (liabilities) 40,237   24,369    
Financial instruments at amortized cost [Member]          
Noncurrent Assets          
Debt instruments at amortized cost – net of current portion 1,153        
Other financial assets – net of current portion 2,915 [1]   1,986    
Current Assets          
Short-term investments 508   314    
Trade and other receivables (Note 17) 22,053   22,436    
Current portion of debt instruments at amortized cost     150    
Current portion of other financial assets 200 [1]   1,220    
Total assets 26,829   26,106    
Noncurrent Liabilities          
Interest-bearing financial liabilities – net of current portion 205,195   172,834    
Lease liabilities – net of current portion 15,982   13,100    
Customers' deposits 2,371   2,205    
Deferred credits and other noncurrent liabilities 1,683   2,179    
Current Liabilities          
Accounts payable 80,051   76,384    
Accrued expenses and other current liabilities 79,000   73,303    
Current portion of interest-bearing financial liabilities 17,570   19,722    
Current portion of lease liabilities 4,043   3,215    
Dividends payable 1,194   1,584    
Total liabilities 407,089   364,526    
Net assets (liabilities) (380,260)   (338,420)    
Financial instruments at FVOCI [Member]          
Noncurrent Assets          
Financial assets at fair value through other comprehensive income – net of current portion     162    
Current Assets          
Current portion of financial assets at fair value through other comprehensive income 168   2,757    
Total assets 168   2,919    
Current Liabilities          
Net assets (liabilities) 168   2,919    
Financial instruments at FVPL [Member]          
Noncurrent Assets          
Financial assets at fair value through profit or loss 380   3,369    
Derivative financial assets – net of current portion     1    
Current Assets          
Short-term investments [2] 481        
Current portion of derivative financial assets 22   41    
Current portion of other financial assets 6,972 [3]   6,866    
Total assets 7,855   10,277    
Noncurrent Liabilities          
Derivative financial liabilities – net of current portion 360   25    
Current Liabilities          
Accrued expenses and other current liabilities 7,849   7,851    
Current portion of derivative financial liabilities 176   88    
Total liabilities 8,385   7,964    
Net assets (liabilities) ₱ (530)   ₱ 2,313    
[1] Includes refundable deposits and notes receivables.
[2] In December 2020, PLDT invested US$10.0 million in the Supply Chain Finance of Cedit Suisse equivalent to 9,114.59 shares. The fund is invested in Notes backed by buyer-confirmed trade receivables/buyer payment undertakings, supplier payment undertakings and account receivables. Underlying credit risk of the Notes is insured by an insurance company with ratings of at least A by S&P and A2 by Moodys. As at December 31, 2020, the fund’s value is US$10.01 million.
[3] Includes RCBC Redemption Trust Account. See Note 20 – Equity – Redemption of Preferred Stock.