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Accounts Payable | 12 Months Ended
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Dec. 31, 2018
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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.

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