XML 72 R59.htm IDEA: XBRL DOCUMENT
v3.19.1

Financial Assets and Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Disclosure Of Financial Assets And Liabilities [Abstract] |
Summary of Consolidated Financial Assets and Financial Liabilities | The following table sets forth our consolidated financial assets and financial liabilities as at December 31, 2018 and 2017:
|  | Financial instruments at amortized cost |  |  | Financial instruments at FVPL |  |  | Financial instruments at FVOCI |  |  | Total financial instruments |
| (in million pesos) |
Assets as at December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets at fair value through profit or loss |  |  | — |  |  |  | 4,763 |  |  |  | — |  |  |  | 4,763 |
Debt instruments at amortized cost |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Derivative financial assets – net of current portion |  |  | — |  |  |  | 140 |  |  |  | — |  |  |  | 140 |
Financial assets at fair value through other comprehensive income – net of current portion |  |  | — |  |  |  | — |  |  |  | 2,749 |  |  |  | 2,749 |
Other financial assets – net of current portion |  |  | 2,275 |  |  |  | — |  |  |  | — |  |  |  | 2,275 |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 51,654 |  |  |  | — |  |  |  | — |  |  |  | 51,654 |
Short-term investments |  |  | 1,165 |  |  |  | — |  |  |  | — |  |  |  | 1,165 |
Trade and other receivables |  |  | 24,056 |  |  |  | — |  |  |  | — |  |  |  | 24,056 |
Current portion of derivative financial assets |  |  | — |  |  |  | 183 |  |  |  | — |  |  |  | 183 |
Current portion of financial assets at fair value through other comprehensive income |  |  | — |  |  |  | — |  |  |  | 1,604 |  |  |  | 1,604 |
Current portion of other financial assets |  |  | 175 |  |  |  | 6,833 |  |  |  | — |  |  |  | 7,008 |
Total assets |  |  | 79,475 |  |  |  | 11,919 |  |  |  | 4,353 |  |  |  | 95,747 |
Liabilities as at December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing financial liabilities – net of current portion |  |  | 155,835 |  |  |  | — |  |  |  | — |  |  |  | 155,835 |
Customers' deposits |  |  | 2,194 |  |  |  | — |  |  |  | — |  |  |  | 2,194 |
Deferred credits and other noncurrent liabilities |  |  | 3,088 |  |  |  | — |  |  |  | — |  |  |  | 3,088 |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 72,818 |  |  |  | — |  |  |  | — |  |  |  | 72,818 |
Accrued expenses and other current liabilities |  |  | 68,920 |  |  |  | 7,862 |  |  |  | — |  |  |  | 76,782 |
Current portion of interest-bearing financial liabilities |  |  | 20,441 |  |  |  | — |  |  |  | — |  |  |  | 20,441 |
Dividends payable |  |  | 1,533 |  |  |  | — |  |  |  | — |  |  |  | 1,533 |
Current portion of derivative financial liabilities |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 80 |
Total liabilities |  |  | 324,829 |  |  |  | 7,942 |  |  |  | — |  |  |  | 332,771 |
Net assets (liabilities) |  |  | (245,354 | ) |  |  | 3,977 |  |  |  | 4,353 |  |  |  | (237,024 | )
|  | Loans and receivables |  |  | HTM investments |  |  | Financial instruments at FVPL |  |  | Derivatives used for hedging |  |  | Available- for-sale financial investments |  |  | Financial liabilities carried at amortized cost |  |  | Total financial assets and liabilities |
|  | (in million pesos) |
Assets as at December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale financial investments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,165 |  |  |  | — |  |  |  | 15,165 |
Investment in debt securities and other long- term investments – net of current portion |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 150 |
Derivative financial assets – net of current portion |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 215 |  |  |  | — |  |  |  | — |  |  |  | 215 |
Advances and other noncurrent assets – net of current portion |  |  | 13,855 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,855 |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 32,905 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,905 |
Short-term investments |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,074 |
Trade and other receivables |  |  | 33,761 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33,761 |
Current portion of derivative financial assets |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 171 |  |  |  | — |  |  |  | — |  |  |  | 171 |
Current portion of investment in debt securities and other long-term investments |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 100 |
Current portion of advances and other noncurrent assets |  |  | 6,824 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,824 |
Total assets |  |  | 88,519 |  |  |  | 150 |  |  |  | — |  |  |  | 386 |  |  |  | 15,165 |  |  |  | — |  |  |  | 104,220 |
Liabilities as at December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing financial liabilities – net of current portion |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 157,654 |  |  |  | 157,654 |
Derivative financial liabilities – net of current portion |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | 8 |
Customers’ deposits |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,443 |  |  |  | 2,443 |
Deferred credits and other noncurrent liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,680 |  |  |  | 5,680 |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 58,490 |  |  |  | 58,490 |
Accrued expenses and other current liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 70,648 |  |  |  | 70,648 |
Current portion of interest-bearing financial liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,957 |  |  |  | 14,957 |
Dividends payable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,575 |  |  |  | 1,575 |
Current portion of derivative financial liabilities |  |  | — |  |  |  | — |  |  |  | 90 |  |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | 141 |
Total liabilities |  |  | — |  |  |  | — |  |  |  | 90 |  |  |  | 59 |  |  |  | — |  |  |  | 311,447 |  |  |  | 311,596 |
Net assets (liabilities) |  |  | 88,519 |  |  |  | 150 |  |  |  | (90 | ) |  |  | 327 |  |  |  | 15,165 |  |  |  | (311,447 | ) |  |  | (207,376 | )
Summary of Consolidated Offsetting of Financial Assets and Liabilities | The following table sets forth our consolidated offsetting of financial assets and liabilities recognized as at December 31, 2018 and 2017:
|  | Gross amounts of recognized financial assets and liabilities |  |  | Gross amounts of recognized financial assets and liabilities set-off in the statement of financial position |  |  | Net amount presented in the statement of financial position |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Current Financial Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade and other receivables |  |  |  |  |  |  |  |  |  |  |  |
Foreign administrations |  |  | 6,882 |  |  |  | 3,576 |  |  |  | 3,306 |
Domestic carriers |  |  | 8,245 |  |  |  | 8,052 |  |  |  | 193 |
Total |  |  | 15,127 |  |  |  | 11,628 |  |  |  | 3,499 |
Current Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |
Suppliers and contractors |  |  | 69,144 |  |  |  | 45 |  |  |  | 69,099 |
Carriers and other customers |  |  | 5,602 |  |  |  | 2,567 |  |  |  | 3,035 |
Total |  |  | 74,746 |  |  |  | 2,612 |  |  |  | 72,134 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Current Financial Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade and other receivables |  |  |  |  |  |  |  |  |  |  |  |
Foreign administrations |  |  | 8,536 |  |  |  | 2,957 |  |  |  | 5,579 |
Domestic carriers |  |  | 4,332 |  |  |  | 3,950 |  |  |  | 382 |
Total |  |  | 12,868 |  |  |  | 6,907 |  |  |  | 5,961 |
Current Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |
Suppliers and contractors |  |  | 54,220 |  |  |  | 24 |  |  |  | 54,196 |
Carriers and other customers |  |  | 7,426 |  |  |  | 4,943 |  |  |  | 2,483 |
Total |  |  | 61,646 |  |  |  | 4,967 |  |  |  | 56,679 |
Reconciliation of Carrying Amounts of Financial Instruments from Their Previous Classification Measurement Category | As at January 1, 2018, we have reviewed and assessed all of its existing financial instruments. The following table reconciles the carrying amounts of financial instruments from their previous classification and measurement category in accordance with IAS 39 to their new classification and measurement categories upon transition to IFRS 9 on January 1, 2018.
|  |  |  | IAS 39 |  |  |  |  |  |  | Remeasurement |  |  | IFRS 9
|  | Reference |  | Category |  | Amount |  |  | Reclassification |  |  | ECL |  |  | Others |  |  | Amount |  |  | Category
|  |  |  |  |  | (in million pesos) |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  | Loans and receivables |  |  | 32,905 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,905 |  |  | Amortized Cost
Short-term investments |  |  |  | Loans and receivables |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,074 |  |  | Amortized Cost
Trade and other receivables |  | 3, 5 |  | Loans and receivables |  |  | 33,761 |  |  |  | (4,091 | ) |  |  | (258 | ) |  |  | — |  |  |  | 29,412 |  |  | Amortized Cost
Current portion of investment in debt securities and other long-term investments |  |  |  | Loans and receivables |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 100 |  |  | Amortized Cost
Current portion of advances and other noncurrent assets |  | 3, 5 |  | Loans and receivables |  |  | 6,824 |  |  |  | (6,785 | ) |  |  | — |  |  |  | — |  |  |  | 39 |  |  | Amortized Cost
Less: To Financial instruments at FVPL |  |  |  |  |  |  |  |  |  |  | (6,785 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
To Financial instruments at FVOCI |  |  |  |  |  |  |  |  |  |  | (4,091 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advances and other noncurrent assets – net of current portion |  | 3, 5 |  | Loans and receivables |  |  | 13,855 |  |  |  | (11,461 | ) |  |  | (18 | ) |  |  | — |  |  |  | 2,376 |  |  | Amortized Cost
Less: To Financial instruments at FVOCI |  |  |  |  |  |  |  |  |  |  | (11,461 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities and other long-term investments – net of current portion |  | 2 |  |  |  | N/A |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |  |  | Amortized Cost
Add: From HTM investments |  |  |  |  |  |  |  |  |  |  | 150 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Loans and receivables |  |  | 88,519 |  |  |  | (22,187 | ) |  |  | (276 | ) |  |  | — |  |  |  | 66,056 |  |  | Amortized Cost
Investment in debt securities and other long-term investments – net of current portion |  | 2 |  | Held-to- maturity |  |  | 150 |  |  |  | (150 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less: To Financial instruments at amortized cost |  |  |  |  |  |  |  |  |  |  | (150 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Held-to- maturity |  |  | 150 |  |  |  | (150 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of derivative financial assets |  | 1 |  | Derivatives used for hedging |  |  | 171 |  |  |  | (171 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |
Derivative financial assets – net of current portion |  | 1 |  | Derivatives used for hedging |  |  | 215 |  |  |  | (215 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |
Current portion of derivative financial liabilities |  | 1 |  | Derivatives used for hedging |  |  | (51 | ) |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Derivative financial liabilities – net of current portion |  | 1 |  | Derivatives used for hedging |  |  | (8 | ) |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Less: To financial assets at FVPL |  |  |  |  |  |  |  |  |  |  | (327 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Derivatives used for hedging |  |  | 327 |  |  |  | (327 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale financial investments |  | 4 |  | Available- for-sale financial investments |  |  | 15,165 |  |  |  | (15,165 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |
Less: To financial assets at FVPL |  |  |  |  |  |  |  |  |  |  | (15,165 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Available- for-sale financial investments |  |  | 15,165 |  |  |  | (15,165 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |
Trade and other receivables |  | 3, 5 |  |  |  | N/A |  |  |  | 4,091 |  |  |  | — |  |  |  | (8 | ) |  |  | 4,083 |  |  | FVOCI
Advances and other noncurrent assets – net of current portion |  | 3, 5 |  |  |  | N/A |  |  |  | 11,461 |  |  |  | — |  |  |  | (128 | ) |  |  | 11,333 |  |  | FVOCI
Add: From Loans and receivables |  |  |  |  |  |  |  |  |  |  | 15,552 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | 15,552 |  |  |  | — |  |  |  | (136 | ) |  |  | 15,416 |  |  | FVOCI
Current portion of derivative financial assets |  | 1 |  |  |  | N/A |  |  |  | 171 |  |  |  | — |  |  |  | — |  |  |  | 171 |  |  | FVPL
Derivative financial assets – net of current portion |  | 1 |  |  |  | N/A |  |  |  | 215 |  |  |  | — |  |  |  | — |  |  |  | 215 |  |  | FVPL
Current portion of derivative financial liabilities |  | 1 |  |  |  | N/A |  |  |  | (51 | ) |  |  | — |  |  |  | — |  |  |  | (51 | ) |  | FVPL
Derivative financial liabilities – net of current portion |  | 1 |  |  |  | N/A |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | (8 | ) |  | FVPL
Current portion of advances and other noncurrent assets |  | 3 |  |  |  | N/A |  |  |  | 6,785 |  |  |  | — |  |  |  | — |  |  |  | 6,785 |  |  | FVPL
Available-for-sale financial investments |  | 4 |  |  |  | N/A |  |  |  | 15,165 |  |  |  | — |  |  |  | — |  |  |  | 15,165 |  |  | FVPL
Add: From Loans and receivables |  |  |  |  |  |  |  |  |  |  | 6,785 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
From Available-for-sale financial investments |  |  |  |  |  |  |  |  |  |  | 15,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
From Derivatives used for hedging |  |  |  |  |  |  |  |  |  |  | 327 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
|  |  |  |  |  |  |  |  |  |  | 22,277 |  |  |  | — |  |  |  | — |  |  |  | 22,277 |  |  | FVPL
| (1) | As at January 1, 2018, our analysis highlighted that certain complex structured products with separated embedded derivatives, based on the assessment of the combined instrument, did not meet the SPPI criterion. Therefore, we reclassified these loans along with the embedded derivatives – previously separated under IAS 39 – as financial assets at FVPL.
| (2) | As at January 1, 2018, we do not have any debt instruments that did not meet the SPPI criterion within the held-to-maturity, or HTM, portfolio. Therefore, we elected to classify these instruments as debt instruments measured at amortized cost.
| (3) | As at January 1, 2018, we have reclassified receivables from MPIC from loans and receivables to financial assets at FVOCI as this met the SPPI criterion and the business model is assessed as hold to collect contractual cash flows and sell financial assets.
| (4) | As at January 1, 2018, we have classified our AFS asset-backed securities as financial assets measured at FVPL as the payments did not meet the SPPI criterion.
| (5) | As at January 1, 2018, we have restated the beginning balance of allowance for doubtful accounts under IAS 39 incurred loss model and considered the new impairment model under IFRS 9 which requires to record lifetime losses on all financial assets which have experienced a significant increase in credit risk from initial recognition.
The following table sets forth our consolidated carrying values and estimated fair values of our financial assets and liabilities recognized as at December 31, 2018 and 2017 other than those whose carrying amounts are reasonable approximations of fair values:
|  | Carrying Value |  |  | Fair Value |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (in million pesos) |
Noncurrent Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instruments at amortized cost |  |  | 150 |  |  |  | — |  |  |  | 148 |  |  |  | — |
Investment in debt securities and other long-term investments – net of current portion |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | 151 |
Other financial assets – net of current portion |  |  | 2,275 |  |  |  | — |  |  |  | 2,020 |  |  |  | — |
Advances and other noncurrent assets |  |  | — |  |  |  | 13,855 |  |  |  | — |  |  |  | 13,695 |
Total |  |  | 2,425 |  |  |  | 14,005 |  |  |  | 2,168 |  |  |  | 13,846 |
Noncurrent Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt – net of current portion |  |  | 155,835 |  |  |  | 157,654 |  |  |  | 139,504 |  |  |  | 150,918 |
Customers' deposits |  |  | 2,194 |  |  |  | 2,443 |  |  |  | 1,305 |  |  |  | 1,700 |
Deferred credits and other noncurrent liabilities |  |  | 3,088 |  |  |  | 5,680 |  |  |  | 2,583 |  |  |  | 5,093 |
Total |  |  | 161,117 |  |  |  | 165,777 |  |  |  | 143,392 |  |  |  | 157,711 |
Summary of Consolidated Financial Assets and Liabilities Carried at Fair Value | Below is the list of our consolidated financial assets and liabilities carried at fair value that are classified using a fair value hierarchy as required for our complete sets of consolidated financial statements as at December 31, 2018 and 2017. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements.
|  | 2018 |  |  | 2017 |
|  | Level 1(1) |  |  | Level 2(2) |  |  | Level 3(3) |  |  | Total |  |  | Level 1(1) |  |  | Level 2(2) |  |  | Level 3(3) |  |  | Total |
|  | (in million pesos) |
Noncurrent Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Listed equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets at FVPL |  |  | 3,625 |  |  |  | 154 |  |  |  | 984 |  |  |  | 4,763 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Available-for-sale financial investments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,848 |  |  |  | 130 |  |  |  | 2,187 |  |  |  | 15,165 |
Derivative financial assets – net of current portion |  |  | — |  |  |  | 140 |  |  |  | — |  |  |  | 140 |  |  |  | — |  |  |  | 215 |  |  |  | — |  |  |  | 215 |
Financial assets at FVOCI – net of current portion |  |  | — |  |  |  | 2,749 |  |  |  | — |  |  |  | 2,749 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Current Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Current portion of derivative financial assets |  |  | — |  |  |  | 183 |  |  |  | — |  |  |  | 183 |  |  |  | — |  |  |  | 170 |  |  |  | — |  |  |  | 170 |
Current portion of FVOCI |  |  | — |  |  |  | 1,604 |  |  |  | — |  |  |  | 1,604 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Current portion of other financial assets |  |  | — |  |  |  | 6,833 |  |  |  | — |  |  |  | 6,833 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 3,625 |  |  |  | 11,663 |  |  |  | 984 |  |  |  | 16,272 |  |  |  | 12,848 |  |  |  | 515 |  |  |  | 2,187 |  |  |  | 15,550 |
Noncurrent Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |  |  |  | 8 |
Current Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities |  |  | — |  |  |  | 7,862 |  |  |  | — |  |  |  | 7,862 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Derivative financial liabilities |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 141 |  |  |  | — |  |  |  | 141 |
Total |  |  | — |  |  |  | 7,942 |  |  |  | — |  |  |  | 7,942 |  |  |  | — |  |  |  | 149 |  |  |  | — |  |  |  | 149 |
| (1) | Fair values determined using observable market inputs that reflect quoted prices in active markets for identical assets or liabilities.
| (2) | Fair values determined using inputs other than quoted market prices that are either directly or indirectly observable for the assets or liabilities.
| (3) | Fair values determined using discounted values of future cash flows for the assets or liabilities.
Summary of Derivative Financial Instruments | The table below sets out the information about our consolidated derivative financial instruments as at December 31, 2018 and 2017:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2018 |  |  | 2017 |
|  | Original Notional Amount |  | Trade Date |  | Underlying Transaction in U.S. Dollar |  | Termination Date |  | Weighted Average Hedge Cost |  |  | Weighted Average Foreign Exchange Rate |  |  | Notional Amount |  |  | Net Mark- to- market Gains (Losses) in Php |  |  | Notional Amount |  |  | Net Mark- to- market Gains (Losses) in Php |
|  | (in millions) |  |  |  | (in millions) |  |  |  |  |  |  |  | (in millions) |  |  |  |  |
Transactions not designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PLDT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term currency swaps |  | US$262 |  | 2001 and 2002 |  | 300 Notes 2017 |  | March 6, 2017 |  |  | 3.42 | % |  | Php49.85 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forward foreign exchange contracts |  | US$34 |  | Various dates in 2017 |  | U.S. dollar liabilities |  | Various dates in 2017 |  |  | — |  |  | Php50.18 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$56 |  | Various dates in 2017 |  | U.S. dollar liabilities |  | Various dates in 2018 |  |  | — |  |  | Php50.77 |  |  |  | — |  |  |  | — |  |  | US$56 |  |  |  | (39 | )
|  | US$58 |  | Various dates in 2018 |  | U.S. dollar liabilities |  | Various dates in 2018 |  |  | — |  |  | Php52.56 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$78 |  | Various dates in 2018 and 2019 |  | U.S. dollar liabilities |  | Various dates in January 2019 to July 2019 |  |  | — |  |  | Php52.98 |  |  | US$34 |  |  |  | (22 | ) |  |  | — |  |  |  | — |
|  | EUR9 |  | Various dates in August 2018 |  | EUR assets |  | December 14, 2018 |  |  | — |  |  | US$1.17 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | EUR11 |  | Various dates in 2018 |  | EUR assets |  | December 14, 2018 |  |  | — |  |  | Php62.95 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Foreign exchange options |  | EUR36 | (a) | Various dates in 2018 |  | EUR assets |  | Various dates in November 2018 and December 2018 |  |  | — |  |  | EUR1.161 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  | EUR1.185 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Smart |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts |  | US$91 |  | Various dates in 2016 and 2017 |  | U.S. dollar liabilities |  | Various dates in 2017 |  |  | — |  |  | Php49.54 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$120 |  | Various dates in 2017 and 2018 |  | U.S. dollar liabilities |  | Various dates in 2018 |  |  | — |  |  | Php52.13 |  |  |  | — |  |  |  | — |  |  | US$46 |  |  |  | (49 | )
|  | US$54 |  | Various dates in 2017 and 2018 |  | U.S. dollar liabilities |  | Various dates in 2019 |  |  | — |  |  | Php53.58 |  |  | US$54 |  |  |  | (38 | ) |  |  | — |  |  |  | — |
|  | US$28 |  | January to March 2019 |  | U.S. dollar liabilities |  | Various dates in 2019 |  |  | — |  |  | Php52.48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange options |  | US$59 | (b) | Various dates in 2016 and 2017 |  | U.S. dollar liabilities |  | Various dates in 2017 |  |  | — |  |  | Php49.60 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Php50.30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Php51.24 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | US$4 | (c) | Various dates in 2017 and 2018 |  | U.S. dollar liabilities |  | Various dates in 2018 |  |  | — |  |  | Php50.64 |  |  |  | — |  |  |  | — |  |  | US$3 |  |  |  | (2 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  | Php51.58 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Php52.48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DMPI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | US$54 |  | October 7, 2008 |  | 59 loan facility |  | March 31, 2017 |  |  | 3.88 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$47 |  | October 7, 2008 |  | 51 loan facility |  | June 30, 2017 |  |  | 3.97 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (60 | ) |  |  |  |  |  |  | (90 | )
Transactions designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PLDT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps(d) |  | US$30 |  | January 23, 2015 |  | 150 term loan |  | March 7, 2017 |  |  | 2.11 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$240 |  | Various dates in 2013 and 2015 |  | 300 term loan |  | January 16, 2018 |  |  | 2.17 | % |  |  | — |  |  |  | — |  |  |  | — |  |  | US$33 |  |  |  | 2 |
|  | US$100 |  | August 2014 |  | 100 PNB |  | August 11, 2020 |  |  | 3.46 | % |  |  | — |  |  | US$96 |  |  |  | 55 |  |  | US$97 |  |  |  | 5 |
|  | US$50 |  | September 2014 |  | 50 Metrobank |  | September 2, 2020 |  |  | 3.47 | % |  |  | — |  |  | US$48 |  |  |  | 25 |  |  | US$49 |  |  |  | — |
|  | US$150 |  | April and June 2015 |  | 200 term loan |  | February 25, 2022 |  |  | 2.70 | % |  |  | — |  |  | US$79 |  |  |  | 66 |  |  | US$150 |  |  |  | 26 |
Long-term currency swaps(e) |  | US$140 |  | October 2015 to June 2016 |  | 300 term loan |  | January 16, 2018 |  |  | 2.20 | % |  | Php46.67 |  |  |  | — |  |  |  | — |  |  | US$31 |  |  |  | 88 |
|  | US$4 |  | January 2017 |  | 100 PNB |  | August 11, 2020 |  |  | 1.01 | % |  | Php49.79 |  |  | US$2 |  |  |  | 7 |  |  | US$3 |  |  |  | 2 |
|  | US$6 |  | April and June 2017 |  | 200 MUFG Bank, Ltd. |  | August 26, 2019 |  |  | 1.63 | % |  | Php49.51 |  |  | US$3 |  |  |  | 9 |  |  | US$6 |  |  |  | — |
|  | US$2 |  | January 2018 |  | 200 MUFG Bank, Ltd. |  | August 26, 2019 |  |  | 1.59 | % |  | Php49.86 |  |  | US$1 |  |  |  | 3 |  |  |  | — |  |  |  | — |
|  | US$6 |  | February 2018 |  | 200 MUFG Bank, Ltd. |  | February 26, 2020 |  |  | 1.82 | % |  | Php51.27 |  |  | US$5 |  |  |  | 6 |  |  |  | — |  |  |  | — |
|  | US$11 |  | November and December 2018 |  | 200 MUFG Bank, Ltd. |  | February 25, 2022 |  |  | 2.32 | % |  | Php52.36 |  |  | US$11 |  |  |  | 17 |  |  |  | — |  |  |  | — |
|  | US$9 |  | February 2019 |  | 200 MUFG Bank, Ltd. |  | February 25, 2022 |  |  | 2.23 | % |  | Php51.88 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Smart |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps(f) |  | US$44 |  | May 16, 2013 |  | 50 Bank of Tokyo |  | May 30, 2017 |  |  | 1.77 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | US$110 |  | Various dates in 2013 and 2014 |  | 120 term loan |  | June 20, 2018 |  |  | 2.22 | % |  |  | — |  |  |  | — |  |  |  | — |  |  | US$15 |  |  |  | 3 |
|  | US$85 |  | Various dates in 2014 and 2015 |  | 100 Bank of Tokyo |  | March 7, 2019 |  |  | 2.23 | % |  |  | — |  |  | US$10 |  |  |  | 3 |  |  | US$29 |  |  |  | 8 |
|  | US$50 |  | October 2, 2014 |  | 50 Mizuho |  | May 14, 2019 |  |  | 2.58 | % |  |  | — |  |  | US$5 |  |  |  | 2 |  |  | US$17 |  |  |  | 4 |
|  | US$200 |  | Various dates in 2015 |  | 200 Mizuho |  | March 4, 2020 |  |  | 2.10 | % |  |  | — |  |  | US$67 |  |  |  | 52 |  |  | US$111 |  |  |  | 51 |
|  | US$30 |  | February 2016 |  | 100 Mizuho |  | December 7, 2021 |  |  | 2.03 | % |  |  | — |  |  | US$18 |  |  |  | 24 |  |  | US$24 |  |  |  | 23 |
Long-term currency swaps(g) |  | US$100 |  | Various dates in 2015 |  | 200 Mizuho |  | March 5, 2018 |  |  | 2.21 | % |  | Php46.66 |  |  |  | — |  |  |  | — |  |  | US$20 |  |  |  | 58 |
|  | US$45 |  | Various dates in 2016 |  | 100 Mizuho |  | December 7, 2018 |  |  | 1.93 | % |  | Php46.55 |  |  |  | — |  |  |  | — |  |  | US$18 |  |  |  | 58 |
|  | US$11 |  | Various dates in 2017 |  | 80 CBC |  | May 31, 2018 |  |  | 1.28 | % |  | Php49.66 |  |  |  | — |  |  |  | — |  |  | US$4 |  |  |  | 1 |
|  | US$16 |  | Various dates in 2017 and 2018 |  | 100 Mizuho |  | December 7, 2020 |  |  | 1.69 | % |  | Php50.82 |  |  | US$16 |  |  |  | 28 |  |  | US$8 |  |  |  | (2 | )
|  | US$12 |  | Various dates in 2018 |  | 200 Mizuho |  | March 4, 2020 |  |  | 2.01 | % |  | Php51.87 |  |  | US$9 |  |  |  | 6 |  |  |  | — |  |  |  | — |
|  | US$2 |  | January 10, 2019 |  | 2015 Mizuho US$200M |  | March 4, 2020 |  |  | 2.25 | % |  | Php52.16 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | US$2 |  | January 11, 2019 |  | 2015 Mizuho US$100M |  | December 7, 2020 |  |  | 2.34 | % |  | Php52.18 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | US$6 |  | February 2019 |  | 2015 Mizuho US$100M |  | December 7, 2021 |  |  | 2.21 | % |  | Php51.83 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 303 |  |  |  |  |  |  |  | 327 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 243 |  |  |  |  |  |  |  | 237 |
| (a) | If the EUR to U.S. dollar spot exchange rate on the fixing date settles below €1.161, PLDT will sell the EUR at €1.161. However, if on the fixing date, the exchange rate settles between the €1.161 and €1.185, there will be no settlement by PLDT, and if the exchange rate is above €1.185, PLDT will sell the EUR at €1.185.
| (b) | If the Philippine peso to U.S. dollar spot exchange rate on the maturity date settles between Php50.30 to Php51.24, Smart will purchase the U.S. dollar for Php50.30. However, if on maturity, the exchange rate settles above Php51.24, Smart will purchase the U.S. dollar for Php50.30 plus the excess above Php51.24, and if the exchange rate is lower than Php50.30, Smart will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate, subject to a floor of Php49.60.
| (c) | If the Philippine peso to U.S. dollar spot exchange rate on the maturity date settles between Php51.58 to Php52.48, Smart will purchase the U.S. dollar for Php51.58. However, if on maturity, the exchange rate settles above Php52.48, Smart will purchase the U.S. dollar for Php51.58 plus the excess above Php52.48, and if the exchange rate is lower than Php51.58, Smart will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate, subject to a floor of Php50.64.
| (d) | PLDT’s interest rate swap agreements outstanding as at December 31, 2018 and 2017 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to Php129 million and Php44 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2018 and 2017, respectively. Interest accrual on the interest rate swaps amounting to Php17 million and Php11 million were recorded as at December 31, 2018 and 2017, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2018 and 2017.
| (e) | PLDT’s long-term principal only-currency swap agreements entered into in 2015 to 2018 were designated as cash flow hedges, wherein effective portion of the movements in the fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to Php45 million and Php108 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2018 and 2017, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php3 million and Php18 million were recognized as at December 31, 2018 and 2017, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. A hedge cost portion of the movements in the fair value amounting to Php1 million and Php3 million were recognized in our consolidated income statements for the years ended December 31, 2018 and 2017, respectively.
| (f) | Smart’s interest rate swap agreements outstanding as at December 31, 2018 and 2017 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to Php63 million and Php85 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2018 and 2017, respectively. Reduction on interest arising from the interest rate swaps amounted to Php18 million and Php4 million as at December 31, 2018 and 2017, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2018 and 2017.
| (g) | Smart’s long-term principal only-currency swap agreements outstanding as at December 31, 2018 and 2017 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to Php50 million and Php124 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2018 and 2017, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php16 million and Php9 million were recognized as at December 31, 2018 and 2017, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. A hedge cost portions of the movements in the fair value amounting to Php2 million and Php4 million was recognized in our consolidated income statements for the years ended December 31, 2018 and 2017, respectively.
Summary of Derivative Financial Instruments by Classification |
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Presented as: |  |  |  |  |  |  |  |
Noncurrent assets |  |  | 140 |  |  |  | 215 |
Current assets |  |  | 183 |  |  |  | 171 |
Noncurrent liabilities |  |  | — |  |  |  | (8 | )
Current liabilities |  |  | (80 | ) |  |  | (141 | )
Net assets |  |  | 243 |  |  |  | 237 |
Summary of Movements of Consolidated Mark-to-Market Gains (Losses) | Movements of our consolidated mark-to-market gains for the years ended December 31, 2018 and 2017 are summarized as follows:
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Net mark-to-market gains at beginning of the year |  |  | 237 |  |  |  | 514 |
Gains on derivative financial instruments (Note 4) |  |  | 1,135 |  |  |  | 724 |
Effective portion recognized in the profit or loss for the cash flow hedges |  |  | 27 |  |  |  | (55 | )
Net fair value losses on cash flow hedges charged to other comprehensive income |  |  | (286 | ) |  |  | (411 | )
Settlements, interest expense and others |  |  | (870 | ) |  |  | (535 | )
Net mark-to-market gains at end of the year |  |  | 243 |  |  |  | 237 |
Summary of Analysis of Gains (Losses) on Derivative Financial Instruments | Our consolidated analysis of gains on derivative financial instruments for the years ended December 31, 2018, 2017 and 2016 are as follows:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Gains on derivative financial instruments (Note 4) |  |  | 1,135 |  |  |  | 724 |  |  |  | 1,539 |
Hedge costs |  |  | (49 | ) |  |  | (191 | ) |  |  | (543 | )
Net gains on derivative financial instruments (Notes 4 and 5) |  |  | 1,086 |  |  |  | 533 |  |  |  | 996 |
Discolsure of Reconciliation of Component of Equity |
Summary of Maturity Profile of Financial Assets Based on Consolidated Undiscounted Claims Outstanding | The following table discloses a summary of maturity profile of our financial assets based on our consolidated undiscounted claims outstanding as at December 31, 2018 and 2017:
|  | Total |  |  | Less than 1 year |  |  | 1-3 years |  |  | 3-5 years |  |  | More than 5 years |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments at amortized cost: |  |  | 90,232 |  |  |  | 87,526 |  |  |  | 2,190 |  |  |  | 349 |  |  |  | 167 |
Other financial assets |  |  | 2,686 |  |  |  | 130 |  |  |  | 2,040 |  |  |  | 349 |  |  |  | 167 |
Debt instruments at amortized cost |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |
Cash equivalents |  |  | 45,672 |  |  |  | 45,672 |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,165 |  |  |  | 1,165 |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 19,444 |  |  |  | 19,444 |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate subscribers |  |  | 11,073 |  |  |  | 11,073 |  |  |  | — |  |  |  | — |  |  |  | — |
Foreign administrations |  |  | 4,225 |  |  |  | 4,225 |  |  |  | — |  |  |  | — |  |  |  | — |
Domestic carriers |  |  | 270 |  |  |  | 270 |  |  |  | — |  |  |  | — |  |  |  | — |
Dealers, agents and others |  |  | 5,547 |  |  |  | 5,547 |  |  |  | — |  |  |  | — |  |  |  | — |
Financial instruments at FVPL: |  |  | 11,596 |  |  |  | 6,833 |  |  |  | — |  |  |  | — |  |  |  | 4,763 |
Financial assets at fair value through profit or loss |  |  | 4,763 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,763 |
Other financial assets |  |  | 6,833 |  |  |  | 6,833 |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at fair value through other comprehensive income |  |  | 4,353 |  |  |  | 1,604 |  |  |  | 2,749 |  |  |  | — |  |  |  | — |
Total |  |  | 106,181 |  |  |  | 95,963 |  |  |  | 4,939 |  |  |  | 349 |  |  |  | 4,930 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and receivables: |  |  | 96,891 |  |  |  | 82,814 |  |  |  | 11,175 |  |  |  | 2,739 |  |  |  | 163 |
Advances and other noncurrent assets |  |  | 20,901 |  |  |  | 6,824 |  |  |  | 11,175 |  |  |  | 2,739 |  |  |  | 163 |
Cash equivalents |  |  | 26,554 |  |  |  | 26,554 |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,074 |  |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 100 |  |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 17,961 |  |  |  | 17,961 |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate subscribers |  |  | 9,641 |  |  |  | 9,641 |  |  |  | — |  |  |  | — |  |  |  | — |
Foreign administrations |  |  | 6,517 |  |  |  | 6,517 |  |  |  | — |  |  |  | — |  |  |  | — |
Domestic carriers |  |  | 457 |  |  |  | 457 |  |  |  | — |  |  |  | — |  |  |  | — |
Dealers, agents and others |  |  | 13,686 |  |  |  | 13,686 |  |  |  | — |  |  |  | — |  |  |  | — |
HTM investments: |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |
Available-for-sale financial investments |  |  | 15,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,165 |
Total |  |  | 112,206 |  |  |  | 82,814 |  |  |  | 11,325 |  |  |  | 2,739 |  |  |  | 15,328 |
Summary of Maturity Profile of Financial Liabilities Based on Consolidated Contractual Undiscounted Obligations Outstanding | The following table discloses a summary of maturity profile of our financial liabilities based on our consolidated contractual undiscounted obligations outstanding as at December 31, 2018 and 2017:
|  | Payments Due by Period |
|  | Total |  |  | Less than 1 year |  |  | 1-3 years |  |  | 3-5 years |  |  | More than 5 years |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt(1): |  |  | 218,791 |  |  |  | 13,892 |  |  |  | 72,007 |  |  |  | 51,098 |  |  |  | 81,794 |
Principal |  |  | 176,694 |  |  |  | 13,292 |  |  |  | 49,747 |  |  |  | 41,401 |  |  |  | 72,254 |
Interest |  |  | 42,097 |  |  |  | 600 |  |  |  | 22,260 |  |  |  | 9,697 |  |  |  | 9,540 |
Lease obligations: |  |  | 22,674 |  |  |  | 12,727 |  |  |  | 4,066 |  |  |  | 2,616 |  |  |  | 3,265 |
Operating lease |  |  | 22,674 |  |  |  | 12,727 |  |  |  | 4,066 |  |  |  | 2,616 |  |  |  | 3,265 |
Other obligations: |  |  | 145,892 |  |  |  | 140,549 |  |  |  | 3,206 |  |  |  | 176 |  |  |  | 1,961 |
Various trade and other obligations: |  |  | 145,892 |  |  |  | 140,549 |  |  |  | 3,206 |  |  |  | 176 |  |  |  | 1,961 |
Suppliers and contractors |  |  | 72,064 |  |  |  | 69,099 |  |  |  | 2,828 |  |  |  | 137 |  |  |  | — |
Utilities and related expenses |  |  | 48,189 |  |  |  | 48,128 |  |  |  | 61 |  |  |  | — |  |  |  | — |
Employee benefits |  |  | 7,955 |  |  |  | 7,955 |  |  |  | — |  |  |  | — |  |  |  | — |
Liability from redemption of preferred shares |  |  | 7,862 |  |  |  | 7,862 |  |  |  | — |  |  |  | — |  |  |  | — |
Customers’ deposits |  |  | 2,194 |  |  |  | — |  |  |  | 194 |  |  |  | 39 |  |  |  | 1,961 |
Carriers and other customers |  |  | 1,815 |  |  |  | 1,815 |  |  |  | — |  |  |  | — |  |  |  | — |
Dividends |  |  | 1,533 |  |  |  | 1,533 |  |  |  | — |  |  |  | — |  |  |  | — |
Others |  |  | 4,280 |  |  |  | 4,157 |  |  |  | 123 |  |  |  | — |  |  |  | — |
Total contractual obligations |  |  | 387,357 |  |  |  | 167,168 |  |  |  | 79,279 |  |  |  | 53,890 |  |  |  | 87,020 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt(1): |  |  | 213,597 |  |  |  | 3,285 |  |  |  | 70,552 |  |  |  | 48,958 |  |  |  | 90,802 |
Principal |  |  | 173,136 |  |  |  | 3,251 |  |  |  | 51,254 |  |  |  | 37,925 |  |  |  | 80,706 |
Interest |  |  | 40,461 |  |  |  | 34 |  |  |  | 19,298 |  |  |  | 11,033 |  |  |  | 10,096 |
Lease obligations: |  |  | 20,666 |  |  |  | 11,871 |  |  |  | 3,851 |  |  |  | 2,266 |  |  |  | 2,678 |
Operating lease |  |  | 20,666 |  |  |  | 11,871 |  |  |  | 3,851 |  |  |  | 2,266 |  |  |  | 2,678 |
Other obligations: |  |  | 128,618 |  |  |  | 120,471 |  |  |  | 5,881 |  |  |  | 264 |  |  |  | 2,002 |
Various trade and other obligations: |  |  | 128,618 |  |  |  | 120,471 |  |  |  | 5,881 |  |  |  | 264 |  |  |  | 2,002 |
Suppliers and contractors |  |  | 59,776 |  |  |  | 54,196 |  |  |  | 5,339 |  |  |  | 241 |  |  |  | — |
Utilities and related expenses |  |  | 44,007 |  |  |  | 43,984 |  |  |  | 22 |  |  |  | 1 |  |  |  | — |
Liability from redemption of preferred shares |  |  | 7,870 |  |  |  | 7,870 |  |  |  | — |  |  |  | — |  |  |  | — |
Employee benefits |  |  | 6,573 |  |  |  | 6,573 |  |  |  | — |  |  |  | — |  |  |  | — |
Customers’ deposits |  |  | 2,443 |  |  |  | — |  |  |  | 419 |  |  |  | 22 |  |  |  | 2,002 |
Carriers and other customers |  |  | 2,083 |  |  |  | 2,083 |  |  |  | — |  |  |  | — |  |  |  | — |
Dividends |  |  | 1,575 |  |  |  | 1,575 |  |  |  | — |  |  |  | — |  |  |  | — |
Others |  |  | 4,291 |  |  |  | 4,190 |  |  |  | 101 |  |  |  | — |  |  |  | — |
Total contractual obligations |  |  | 362,881 |  |  |  | 135,627 |  |  |  | 80,284 |  |  |  | 51,488 |  |  |  | 95,482 |
| (1) | Consists of long-term debt, including current portion; gross of unamortized debt discount and debt issuance costs.
Summary of Future Minimum Lease Commitments Payable with Non-cancellable Operating Leases | Our consolidated future minimum lease commitments payable with non-cancellable operating leases as at December 31, 2018 and 2017 are as follows:
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Within one year |  |  | 12,867 |  |  |  | 11,945 |
After one year but not more than five years |  |  | 6,542 |  |  |  | 6,043 |
More than five years |  |  | 3,265 |  |  |  | 2,678 |
Total |  |  | 22,674 |  |  |  | 20,666 |
Summary of Foreign Exchange Forward Contracts |
Disclosure Of Financial Assets And Liabilities [Line Items] |
Summary of Impact of Hedging Instruments | The impact of the hedging instruments on our consolidated statements of financial position is, as follows:
|  | Notional Amount |  |  | Carrying Amount |  |  | Line item in the Consolidated Statement
|  | (U.S. Dollar) |  |  | (Php) |  |  | of Financial Position
|  | (in million pesos) |  |  |
As at December 31, 2018 |  |  |  |  |  |  |  |  |  |
Long-term currency swaps |  |  | 46 |  |  |  | 83 |  |  | Derivative financial assets - net of current portion
|  |  |  |  |  |  | 13 |  |  | Current portion of derivative financial assets
As at December 31, 2017 |  |  |  |  |  |  |  |  |  |
Long-term currency swaps |  |  | 90 |  |  |  | 115 |  |  | Derivative financial assets - net of current portion
|  |  |  |  |  |  | 125 |  |  | Current portion of derivative financial assets
Summary of Impact of Hedging Items on Consolidated Statements of Financial Position | The impact of the hedged items on the consolidated statements of financial position is, as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Cash flow hedge reserve |  |  | Cost of hedging reserve |  |  | Cash flow hedge reserve |  |  | Cost of hedging reserve |
| (in million pesos) |
PLDT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US$300M Term Loan |  |  | (273 | ) |  |  | 4 |  |  |  | (171 | ) |  |  | 18 |
US$100M PNB |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | — |
US$200M MUFG Bank, Ltd. |  |  | (3 | ) |  |  | — |  |  |  | 1 |  |  |  | — |
|  |  | (283 | ) |  |  | 4 |  |  |  | (170 | ) |  |  | 18 |
Smart: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US$200M Mizuho |  |  | 7 |  |  |  | 3 |  |  |  | 65 |  |  |  | 7 |
US$100M Mizuho |  |  | 43 |  |  |  | 13 |  |  |  | 57 |  |  |  | 2 |
2013 Chinabank US$80M |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |
|  |  | 50 |  |  |  | 16 |  |  |  | 124 |  |  |  | 9 |
Summary of Effect of the Cash Flow Hedge in Consolidated Income Statements and Statements of Other Comprehensive Income | The effect of the cash flow hedge in the consolidated income statements and statements of other comprehensive income is, as follows:
|  | Total hedging loss recognized in OCI |  |  |  |  | Line item in the Consolidated Income Statements
|  | (in million pesos) |  |  |  |  |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |
Long-term currency swaps |  |  |  |  |  |  |  |
|  |  | (234 | ) |  |  |  | Other comprehensive loss
Year Ended December 31, 2017 |  |  |  |  |  |  |  |
Long-term currency swaps |  |  | (46 | ) |  |  |  | Other comprehensive loss
Summary of Trade and Other Receivables | The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk, as follows:
|  |  |  | 2018 |
|  |  |  | (in million pesos) |
Financial assets at fair value through profit or loss |  |  |  |  | 4,763 |
Derivative financial assets - net of current portion |  |  |  |  | 140 |
Current portion of derivative financial assets |  |  |  |  | 183 |
Total |  |  |  |  | 5,086 |
Summary of Maximum Exposure to Credit Risk of Financial Assets Subject to Impairment | For financial assets recognized on the balance sheet, the gross exposure credit risk equalts their carrying amount.
|  | 2018 |  |  | 2017 |
|  | Stage 1 Lifetime ECL |  |  | Stage 2 Lifetime ECL |  |  | Stage 3 Lifetime ECL |  |  | Total |  |  | Total |
|  | (in million pesos) |  |  | (in million pesos) |
High grade |  |  | 58,299 |  |  |  | 8,776 |  |  |  | — |  |  |  | 67,075 |  |  |  | 83,259 |
Standard grade |  |  | 1,470 |  |  |  | 7,881 |  |  |  | — |  |  |  | 9,351 |  |  |  | 9,933 |
Substarndard grade |  |  | 3 |  |  |  | 7,399 |  |  |  | — |  |  |  | 7,402 |  |  |  | 11,028 |
Default |  |  | 236 |  |  |  | 1,595 |  |  |  | 14,908 |  |  |  | 16,739 |  |  |  | 14,723 |
Gross carrying amount |  |  | 60,008 |  |  |  | 25,651 |  |  |  | 14,908 |  |  |  | 100,567 |  |  |  | 118,943 |
Less allowance |  |  | 236 |  |  |  | 1,595 |  |  |  | 14,908 |  |  |  | 16,739 |  |  |  | 14,723 |
Carrying amount |  |  | 59,772 |  |  |  | 24,056 |  |  |  | — |  |  |  | 83,828 |  |  |  | 104,220 |
Summary of Maximum Exposure to Credit Risk | An analysis of the maximum exposure to credit risk for the components of our consolidated statements of financial position, including derivative financial instruments as at December 31, 2018 and 2017:
|  | 2018 |
|  | Gross Maximum Exposure |  |  | Collateral and Other Credit Enhancements* |  |  | Net Maximum Exposure |
|  | (in million pesos) |
Financial instruments at amortized cost: |  |  |  |  |  |  |  |  |  |  |  |
Other financial assets |  |  | 2,450 |  |  |  | — |  |  |  | 2,450 |
Debt instruments at amortized cost |  |  | 150 |  |  |  | — |  |  |  | 150 |
Cash and cash equivalents |  |  | 51,654 |  |  |  | 187 |  |  |  | 51,467 |
Short-term investments |  |  | 1,165 |  |  |  | — |  |  |  | 1,165 |
Retail subscribers |  |  | 9,620 |  |  |  | 55 |  |  |  | 9,565 |
Corporate subscribers |  |  | 6,564 |  |  |  | 273 |  |  |  | 6,291 |
Foreign administrations |  |  | 3,306 |  |  |  | — |  |  |  | 3,306 |
Domestic carriers |  |  | 193 |  |  |  | — |  |  |  | 193 |
Dealers, agents and others |  |  | 4,373 |  |  |  | 1 |  |  |  | 4,372 |
Financial instruments at FVPL: |  |  |  |  |  |  |  |  |  |  |  |
Other financial assets |  |  | 6,833 |  |  |  | — |  |  |  | 6,833 |
Financial assets at fair value through profit or loss |  |  | 4,763 |  |  |  | — |  |  |  | 4,763 |
Interest rate swap |  |  | 227 |  |  |  | — |  |  |  | 227 |
Long-term currency swap |  |  | 83 |  |  |  | — |  |  |  | 83 |
Currency swap |  |  | 13 |  |  |  | — |  |  |  | 13 |
Financial assets at FVOCI: |  |  |  |  |  |  |  |  |  |  |  |
Debt instruments at fair value through profit or loss |  |  | 4,353 |  |  |  | — |  |  |  | 4,353 |
Total |  |  | 95,747 |  |  |  | 516 |  |  |  | 95,231 |
| * | Includes bank insurance, security deposits and customer deposits. We have no collateral held as at December 31, 2018.
|  | 2017 |
|  | Gross Maximum Exposure |  |  | Collateral and Other Credit Enhancements* |  |  | Net Maximum Exposure |
|  | (in million pesos) |
Loans and receivables: |  |  |  |  |  |  |  |  |  |  |  |
Advances and other noncurrent assets |  |  | 20,679 |  |  |  | — |  |  |  | 20,679 |
Cash and cash equivalents |  |  | 32,905 |  |  |  | 235 |  |  |  | 32,670 |
Short-term investments |  |  | 1,074 |  |  |  | — |  |  |  | 1,074 |
Investment in debt securities and other long-term investments |  |  | 100 |  |  |  | — |  |  |  | 100 |
Retail subscribers |  |  | 9,183 |  |  |  | 48 |  |  |  | 9,135 |
Corporate subscribers |  |  | 6,337 |  |  |  | 220 |  |  |  | 6,117 |
Foreign administrations |  |  | 5,579 |  |  |  | — |  |  |  | 5,579 |
Domestic carriers |  |  | 382 |  |  |  | — |  |  |  | 382 |
Dealers, agents and others |  |  | 12,280 |  |  |  | 1 |  |  |  | 12,279 |
HTM investments: |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities and other long-term investments |  |  | 150 |  |  |  | — |  |  |  | 150 |
Available-for-sale financial investments |  |  | 15,165 |  |  |  | — |  |  |  | 15,165 |
Derivatives used for hedging: |  |  |  |  |  |  |  |  |  |  |  |
Long-term currency swap |  |  | 240 |  |  |  | — |  |  |  | 240 |
Interest rate swap |  |  | 146 |  |  |  | — |  |  |  | 146 |
Total |  |  | 104,220 |  |  |  | 504 |  |  |  | 103,716 |
| * | Includes bank insurance, security deposits and customer deposits. We have no collateral held as at December 31, 2017.
Summary of Information Regarding Credit Quality by Class of Financial Assets | The table below provides information regarding the credit quality by class of our financial assets according to our credit ratings of counterparties as at December 31, 2018 and 2017:
|  |  |  |  |  | Neither past due nor credit impaired |  |  | Past due but not |  |  |  |  |
|  | Total |  |  | Class A(1) |  |  | Class B(2) |  |  | credit impaired |  |  | Impaired |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial instruments at amortized cost: |  |  | 96,214 |  |  |  | 62,722 |  |  |  | 9,351 |  |  |  | 7,402 |  |  |  | 16,739 |
Other financial assets |  |  | 2,686 |  |  |  | 1,221 |  |  |  | 1,226 |  |  |  | 3 |  |  |  | 236 |
Debt instruments at amortized cost |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents |  |  | 51,654 |  |  |  | 51,410 |  |  |  | 244 |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,165 |  |  |  | 1,165 |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 19,444 |  |  |  | 4,125 |  |  |  | 3,577 |  |  |  | 1,918 |  |  |  | 9,824 |
Corporate subscribers |  |  | 11,073 |  |  |  | 2,806 |  |  |  | 1,519 |  |  |  | 2,239 |  |  |  | 4,509 |
Foreign administrations |  |  | 4,225 |  |  |  | 593 |  |  |  | 850 |  |  |  | 1,863 |  |  |  | 919 |
Domestic carriers |  |  | 270 |  |  |  | 29 |  |  |  | 49 |  |  |  | 115 |  |  |  | 77 |
Dealers, agents and others |  |  | 5,547 |  |  |  | 1,223 |  |  |  | 1,886 |  |  |  | 1,264 |  |  |  | 1,174 |
Financial instruments at FVPL: |  |  | 11,919 |  |  |  | 11,806 |  |  |  | 113 |  |  |  | — |  |  |  | — |
Other financial assets |  |  | 6,833 |  |  |  | 6,833 |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at fair value through profit or loss |  |  | 4,763 |  |  |  | 4,650 |  |  |  | 113 |  |  |  | — |  |  |  | — |
Interest rate swap |  |  | 227 |  |  |  | 227 |  |  |  | — |  |  |  | — |  |  |  | — |
Long-term currency swap |  |  | 83 |  |  |  | 83 |  |  |  | — |  |  |  | — |  |  |  | — |
Currency swap |  |  | 13 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at FVOCI: |  |  | 4,353 |  |  |  | 4,353 |  |  |  | — |  |  |  | — |  |  |  | — |
Debt instruments at fair value through other comprehensive income |  |  | 4,353 |  |  |  | 4,353 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 112,486 |  |  |  | 78,881 |  |  |  | 9,464 |  |  |  | 7,402 |  |  |  | 16,739 |
| (1) | This includes low risk and good paying customer accounts with no history of account treatment for a defined period and no overdue accounts as at report date; and deposits or placements to counterparties with good credit rating or bank standing financial review.
| (2) | This includes medium risk and average paying customer accounts with no overdue accounts as at report date, and new customer accounts for which sufficient credit history has not been established; and deposits or placements to counterparties not classified as Class A.
|  |  |  |  |  | Neither past due nor impaired |  |  | Past due but not |  |  |  |  |
|  | Total |  |  | Class A(1) |  |  | Class B(2) |  |  | impaired |  |  | Impaired |
|  | (in million pesos) |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and receivables: |  |  | 103,242 |  |  |  | 67,644 |  |  |  | 9,847 |  |  |  | 11,028 |  |  |  | 14,723 |
Advances and other noncurrent assets |  |  | 20,901 |  |  |  | 19,202 |  |  |  | 1,474 |  |  |  | 3 |  |  |  | 222 |
Cash and cash equivalents |  |  | 32,905 |  |  |  | 32,705 |  |  |  | 200 |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,074 |  |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 100 |  |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 17,961 |  |  |  | 2,984 |  |  |  | 4,919 |  |  |  | 1,280 |  |  |  | 8,778 |
Corporate subscribers |  |  | 9,641 |  |  |  | 2,035 |  |  |  | 2,233 |  |  |  | 2,069 |  |  |  | 3,304 |
Foreign administrations |  |  | 6,517 |  |  |  | 838 |  |  |  | 872 |  |  |  | 3,869 |  |  |  | 938 |
Domestic carriers |  |  | 457 |  |  |  | 76 |  |  |  | 73 |  |  |  | 233 |  |  |  | 75 |
Dealers, agents and others |  |  | 13,686 |  |  |  | 8,630 |  |  |  | 76 |  |  |  | 3,574 |  |  |  | 1,406 |
HTM investments: |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |
Available-for-sale financial investments |  |  | 15,165 |  |  |  | 15,079 |  |  |  | 86 |  |  |  | — |  |  |  | — |
Derivatives used for hedging: |  |  | 386 |  |  |  | 386 |  |  |  | — |  |  |  | — |  |  |  | — |
Long-term currency swap |  |  | 240 |  |  |  | 240 |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate swap |  |  | 146 |  |  |  | 146 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 118,943 |  |  |  | 83,259 |  |  |  | 9,933 |  |  |  | 11,028 |  |  |  | 14,723 |
| (1) | This includes low risk and good paying customer accounts with no history of account treatment for a defined period and no overdue accounts as at report date; and deposits or placements to counterparties with good credit rating or bank standing financial review.
| (2) | This includes medium risk and average paying customer accounts with no overdue accounts as at report date, and new customer accounts for which sufficient credit history has not been established; and deposits or placements to counterparties not classified as Class A.
Summary of Aging Analysis of Past Due But not Impaired Class of Financial Assets | The aging analysis of past due but not impaired class of financial assets as at December 31, 2018 and 2017 are as follows:
|  |  |  |  |  |  |  |  |  | Past due but not credit impaired |  |  |  |  |
|  | Total |  |  | Neither past due nor credit impaired |  |  | 1-60 days |  |  | 61-90 days |  |  | Over 91 days |  |  | Impaired |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets at amortized cost: |  |  | 96,214 |  |  |  | 72,073 |  |  |  | 3,262 |  |  |  | 398 |  |  |  | 3,742 |  |  |  | 16,739 |
Other financial assets |  |  | 2,686 |  |  |  | 2,447 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 236 |
Debt instruments at amortized cost |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents |  |  | 51,654 |  |  |  | 51,654 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,165 |  |  |  | 1,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 19,444 |  |  |  | 7,702 |  |  |  | 1,747 |  |  |  | 62 |  |  |  | 109 |  |  |  | 9,824 |
Corporate subscribers |  |  | 11,073 |  |  |  | 4,325 |  |  |  | 957 |  |  |  | 101 |  |  |  | 1,181 |  |  |  | 4,509 |
Foreign administrations |  |  | 4,225 |  |  |  | 1,443 |  |  |  | 139 |  |  |  | 131 |  |  |  | 1,593 |  |  |  | 919 |
Domestic carriers |  |  | 270 |  |  |  | 78 |  |  |  | 52 |  |  |  | 21 |  |  |  | 42 |  |  |  | 77 |
Dealers, agents and others |  |  | 5,547 |  |  |  | 3,109 |  |  |  | 367 |  |  |  | 83 |  |  |  | 814 |  |  |  | 1,174 |
Financial instruments at FVPL: |  |  | 11,919 |  |  |  | 11,919 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other financial assets |  |  | 6,833 |  |  |  | 6,833 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at fair value through profit or loss |  |  | 4,763 |  |  |  | 4,763 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate swap |  |  | 227 |  |  |  | 227 |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Long-term currency swap |  |  | 83 |  |  |  | 83 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Currency swap |  |  | 13 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at FVOCI: |  |  | 4,353 |  |  |  | 4,353 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Debt instruments at fair value through other comprehensive income |  |  | 4,353 |  |  |  | 4,353 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 112,486 |  |  |  | 88,345 |  |  |  | 3,262 |  |  |  | 398 |  |  |  | 3,742 |  |  |  | 16,739 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and receivables: |  |  | 103,242 |  |  |  | 77,491 |  |  |  | 3,261 |  |  |  | 703 |  |  |  | 7,064 |  |  |  | 14,723 |
Advances and other noncurrent assets |  |  | 20,901 |  |  |  | 20,676 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 222 |
Cash and cash equivalents |  |  | 32,905 |  |  |  | 32,905 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term investments |  |  | 1,074 |  |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 100 |  |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Retail subscribers |  |  | 17,961 |  |  |  | 7,903 |  |  |  | 927 |  |  |  | 20 |  |  |  | 333 |  |  |  | 8,778 |
Corporate subscribers |  |  | 9,641 |  |  |  | 4,268 |  |  |  | 724 |  |  |  | 267 |  |  |  | 1,078 |  |  |  | 3,304 |
Foreign administrations |  |  | 6,517 |  |  |  | 1,710 |  |  |  | 646 |  |  |  | 217 |  |  |  | 3,006 |  |  |  | 938 |
Domestic carriers |  |  | 457 |  |  |  | 149 |  |  |  | 84 |  |  |  | 53 |  |  |  | 96 |  |  |  | 75 |
Dealers, agents and others |  |  | 13,686 |  |  |  | 8,706 |  |  |  | 880 |  |  |  | 146 |  |  |  | 2,548 |  |  |  | 1,406 |
HTM investments: |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Investment in debt securities and other long-term investments |  |  | 150 |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Available-for-sale financial investments |  |  | 15,165 |  |  |  | 15,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Derivatives used for hedging: |  |  | 386 |  |  |  | 386 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Long-term currency swap |  |  | 240 |  |  |  | 240 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate swap |  |  | 146 |  |  |  | 146 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | 118,943 |  |  |  | 93,192 |  |  |  | 3,261 |  |  |  | 703 |  |  |  | 7,064 |  |  |  | 14,723 |
Foreign currency exchange risk [Member] |
Disclosure Of Financial Assets And Liabilities [Line Items] |
Summary of Market Risk | The following table shows our consolidated foreign currency-denominated monetary financial assets and liabilities and their Philippine peso equivalents as at December 31, 2018 and 2017:
|  | 2018 |  |  | 2017 |
|  | U.S. Dollar |  |  | Php(1) |  |  | U.S. Dollar |  |  | Php(2) |
|  | (in millions) |
Noncurrent Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial assets – net of current portion |  |  | 3 |  |  |  | 140 |  |  |  | 4 |  |  |  | 215 |
Other financial assets – net of current portion |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 2 |
Total noncurrent financial assets |  |  | 3 |  |  |  | 152 |  |  |  | 4 |  |  |  | 217 |
Current Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 717 |  |  |  | 37,688 |  |  |  | 440 |  |  |  | 21,988 |
Short-term investments |  |  | 22 |  |  |  | 1,138 |  |  |  | 2 |  |  |  | 75 |
Trade and other receivables – net |  |  | 261 |  |  |  | 13,741 |  |  |  | 218 |  |  |  | 10,893 |
Current portion of derivative financial assets |  |  | 3 |  |  |  | 183 |  |  |  | 3 |  |  |  | 171 |
Current portion of investment in debt securities and other long-term investments |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 100 |
Current portion of other financial assets |  |  | — |  |  |  | 11 |  |  |  | — |  |  |  | 9 |
Total current financial assets |  |  | 1,003 |  |  |  | 52,761 |  |  |  | 665 |  |  |  | 33,236 |
Total Financial Assets |  |  | 1,006 |  |  |  | 52,913 |  |  |  | 669 |  |  |  | 33,453 |
Noncurrent Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing financial liabilities – net of current portion |  |  | 336 |  |  |  | 17,668 |  |  |  | 446 |  |  |  | 22,285 |
Derivative financial liabilities – net of current portion |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |
Other noncurrent liabilities |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 11 |
Total noncurrent financial liabilities |  |  | 336 |  |  |  | 17,680 |  |  |  | 446 |  |  |  | 22,304 |
Current Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 415 |  |  |  | 21,797 |  |  |  | 233 |  |  |  | 11,670 |
Accrued expenses and other current liabilities |  |  | 170 |  |  |  | 8,961 |  |  |  | 166 |  |  |  | 8,314 |
Current portion of interest-bearing financial liabilities |  |  | 110 |  |  |  | 5,780 |  |  |  | 259 |  |  |  | 12,922 |
Current portion of derivative financial liabilities |  |  | 2 |  |  |  | 80 |  |  |  | 3 |  |  |  | 141 |
Total current financial liabilities |  |  | 697 |  |  |  | 36,618 |  |  |  | 661 |  |  |  | 33,047 |
Total Financial Liabilities |  |  | 1,033 |  |  |  | 54,298 |  |  |  | 1,107 |  |  |  | 55,351 |
| (1) | The exchange rate used to convert the U.S. dollar amounts into Philippine peso was Php52.56 to US$1.00, the Philippine peso-U.S. dollar exchange rate as quoted through the Bankers Association of the Philippines as at December 31, 2018.
| (2) | The exchange rate used to convert the U.S. dollar amounts into Philippine peso was Php49.96 to US$1.00, the Philippine peso-U.S. dollar exchange rate as quoted through the Philippine Dealing System as at December 31, 2017.
Interest rate risk [member] |
Disclosure Of Financial Assets And Liabilities [Line Items] |
Summary of Impact of Hedging Instruments | The impact of the hedging instruments on our consolidated statements of financial position is, as follows:
|  | Notional Amount |  |  | Carrying Amount |  |  | Line item in the Consolidated Statement
|  | (U.S. Dollar) |  |  | (Php) |  |  | of Financial Position
|  | (in million pesos) |  |  |
As at December 31, 2018 |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 323 |  |  |  | 57 |  |  | Derivative financial assets - net of current portion
|  |  |  |  |  |  | 170 |  |  | Current portion of derivative financial assets
|  |  | 323 |  |  |  | 227 |  |  |
As at December 31, 2017 |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 525 |  |  |  | 101 |  |  | Derivative financial assets - net of current portion
|  |  |  |  |  |  | 45 |  |  | Current portion of derivative financial assets
|  |  |  |  |  |  | (24 | ) |  | Current portion of derivative financial assets
|  |  | 525 |  |  |  | 122 |  |  |
Summary of Impact of Hedging Items on Consolidated Statements of Financial Position | The impact of the hedged items on the consolidated statements of financial position is, as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Cash flow hedge reserve |  |  | Cost of hedging reserve |  |  | Cash flow hedge reserve |  |  | Cost of hedging reserve |
| (in million pesos) |
PLDT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US$100M PNB |  |  | 50 |  |  |  | — |  |  |  | 9 |  |  |  | — |
US$50M MBTC |  |  | 24 |  |  |  | — |  |  |  | 1 |  |  |  | — |
US$200M MUFG Bank, Ltd. |  |  | 55 |  |  |  | — |  |  |  | 34 |  |  |  | — |
|  |  | 129 |  |  |  | — |  |  |  | 44 |  |  |  | — |
Smart: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2014 BTMU US$100M |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |
2014 Mizuho US$50M |  |  | (2 | ) |  |  | — |  |  |  | 3 |  |  |  | — |
2015 Mizuho US$200M |  |  | (11 | ) |  |  | — |  |  |  | 8 |  |  |  | — |
2015 Mizuho US$100M |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
2013 Sumitomo US$120M |  |  | (3 | ) |  |  | — |  |  |  | (6 | ) |  |  | — |
2013 BTMU US$50M |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |
|  |  | (22 | ) |  |  | — |  |  |  | 5 |  |  |  | — |
Summary of Effect of the Cash Flow Hedge in Consolidated Income Statements and Statements of Other Comprehensive Income | The effect of the cash flow hedge in the consolidated income statements and statements of other comprehensive income is, as follows:
|  | Total hedging loss recognized in OCI |  |  |  |  | Line item in the Consolidated Income Statements
|  | (in million pesos) |  |  |  |  |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |
Interest rate swaps |  |  |  |  |  |  |  |
|  |  | 179 |  |  |  |  | Other comprehensive loss
Year Ended December 31, 2017 |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 169 |  |  |  |  | Other comprehensive loss
Summary of Market Risk | The following tables set out the carrying amounts, by maturity, of our financial instruments that are expected to have exposure on interest rate risk as at December 31, 2018 and 2017. Financial instruments that are not subject to interest rate risk were not included in the table. As at December 31, 2018
|  | In U.S. Dollars |  |  |  |  |  |  | Discount/ |  |  |  |  |  |  | Fair Value |
|  | Below 1 year |  |  | 1-2 years |  |  | 2-3 years |  |  | 3-5 years |  |  | Over 5 years |  |  | Total |  |  | In Php |  |  | Debt Issuance Cost In Php |  |  | Carrying Value In Php |  |  | In U.S. Dollar |  |  | In Php |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (in millions) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instruments at Amortized Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | 3 |  |  |  | 148 |
Interest rate |  |  | — |  |  |  | 4.8371 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash in Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 30 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | 1,580 |  |  |  | — |  |  |  | 1,580 |  |  |  | 30 |  |  |  | 1,580 |
Interest rate |  | 0.0100% to 0.2500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 57 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 57 |  |  |  | 3,017 |  |  |  | — |  |  |  | 3,017 |  |  |  | 57 |  |  |  | 3,017 |
Interest rate |  | 0.05000% to 1.2500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Currencies |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | 4 |
Interest rate |  | 0.1000% to 0.5000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Temporary Cash Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 675 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 675 |  |  |  | 35,467 |  |  |  | — |  |  |  | 35,467 |  |  |  | 675 |  |  |  | 35,467 |
Interest rate |  | 2.7000% to 3.0000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 194 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 194 |  |  |  | 10,204 |  |  |  | — |  |  |  | 10,204 |  |  |  | 194 |  |  |  | 10,204 |
Interest rate |  | 0.2500% to 7.0500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Currencies |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate |  | 0.0750% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 1,138 |  |  |  | — |  |  |  | 1,138 |  |  |  | 22 |  |  |  | 1,138 |
Interest rate |  | 2.5000% to 3.0000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 27 |  |  |  | — |  |  |  | 27 |  |  |  | 1 |  |  |  | 27 |
Interest rate |  | 3.5000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Currencies |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate |  | 0.0750% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 979 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 982 |  |  |  | 51,587 |  |  |  | — |  |  |  | 51,587 |  |  |  | 982 |  |  |  | 51,585 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar Fixed Loans |  |  | 2 |  |  |  | 15 |  |  |  | 7 |  |  |  | 4 |  |  |  | — |  |  |  | 28 |  |  |  | 1,483 |  |  |  | 1 |  |  |  | 1,482 |  |  |  | 28 |  |  |  | 1,502 |
Interest rate |  |  | 1.4100 | % |  |  | 2.8850 | % |  | 2.8850% |  |  |  | 2.8850 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 234 |  |  |  | 123 |  |  |  | 319 |  |  |  | 730 |  |  |  | 1,232 |  |  |  | 2,638 |  |  |  | 138,637 |  |  |  | 278 |  |  |  | 138,359 |  |  |  | 2,319 |  |  |  | 121,868 |
Interest rate |  | 4.9110% to 5.6038% |  |  | 3.9000% to 6.7339% |  |  | 3.9000% to 6.7339% |  |  | 3.9000% to 6.7339% |  |  | 4.2500% to 6.7339% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Variable Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar Loans |  |  | 17 |  |  |  | 286 |  |  |  | 38 |  |  |  | 52 |  |  |  | 25 |  |  |  | 418 |  |  |  | 21,964 |  |  |  | 94 |  |  |  | 21,870 |  |  |  | 418 |  |  |  | 21,965 |
Interest rate |  | 0.9500% to 1.1000% over LIBOR |  |  | 0.7900% to 1.4500% over LIBOR |  |  | 0.7900% to 0.9500% over LIBOR |  |  | 0.7900% to 1.0500% over LIBOR |  |  | 1.0500% over LIBOR |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | 94 |  |  |  | 64 |  |  |  | 2 |  |  |  | 118 |  |  |  | 278 |  |  |  | 14,610 |  |  |  | 45 |  |  |  | 14,565 |  |  |  | 278 |  |  |  | 14,610 |
Interest rate* |  |  | — |  |  | 0.5000% to 1.0000% over PHP BVAL |  |  | 0.5000% to 1.0000% over PHP BVAL |  |  | 0.5000% to 0.6000% over PHP BVAL |  |  | 0.5000% to 0.6000% over PHP BVAL |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 253 |  |  |  | 518 |  |  |  | 428 |  |  |  | 788 |  |  |  | 1,375 |  |  |  | 3,362 |  |  |  | 176,694 |  |  |  | 418 |  |  |  | 176,276 |  |  |  | 3,043 |  |  |  | 159,945 |
| * | Effective October 29, 2018, PHP BVAL Reference Rate replaced PDST Reference Rates (PDST-R1 and PDST-R2).
As at December 31, 2017
|  | In U.S. Dollars |  |  |  |  |  |  | Discount/ |  |  |  |  |  |  | Fair Value |
|  | Below 1 year |  |  | 1-2 years |  |  | 2-3 years |  |  | 3-5 years |  |  | Over 5 years |  |  | Total |  |  | In Php |  |  | Debt Issuance Cost In Php |  |  | Carrying Value In Php |  |  | In U.S. Dollar |  |  | In Php |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (in millions) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Debt Securities and Other Long-term Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | 2 |  |  |  | 100 |
Interest rate |  |  | 3.5000 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | 3 |  |  |  | 151 |
Interest rate |  |  | — |  |  |  | — |  |  |  | 4.8371 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash in Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29 |  |  |  | 1,465 |  |  |  | — |  |  |  | 1,465 |  |  |  | 29 |  |  |  | 1,465 |
Interest rate |  | 0.0100% to 0.2500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 89 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 89 |  |  |  | 4,468 |  |  |  | — |  |  |  | 4,468 |  |  |  | 89 |  |  |  | 4,468 |
Interest rate |  | 0.05000% to 1.2500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Currencies |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | 9 |
Interest rate |  | 0.1000% to 0.5000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Temporary Cash Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 402 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 402 |  |  |  | 20,063 |  |  |  | — |  |  |  | 20,063 |  |  |  | 402 |  |  |  | 20,063 |
Interest rate |  | 0.2500% to 2.1000% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | 130 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130 |  |  |  | 6,491 |  |  |  | — |  |  |  | 6,491 |  |  |  | 130 |  |  |  | 6,491 |
Interest rate |  | 0.1250% to 4.3250% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Short-term Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 1,074 |  |  |  | — |  |  |  | 1,074 |  |  |  | 22 |  |  |  | 1,074 |
Interest rate |  |  | 2.1000 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 674 |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 677 |  |  |  | 33,820 |  |  |  | — |  |  |  | 33,820 |  |  |  | 677 |  |  |  | 33,821 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar Fixed Loans |  |  | 5 |  |  |  | 37 |  |  |  | 8 |  |  |  | 11 |  |  |  | — |  |  |  | 61 |  |  |  | 3,050 |  |  |  | 6 |  |  |  | 3,044 |  |  |  | 62 |  |  |  | 3,104 |
Interest rate |  |  | 1.4100 | % |  | 1.4100% to 2.8850% |  |  | 2. 8850% |  |  |  | 2.8850 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | 333 |  |  |  | 81 |  |  |  | 618 |  |  |  | 1,565 |  |  |  | 2,597 |  |  |  | 129,733 |  |  |  | 335 |  |  |  | 129,398 |  |  |  | 2,450 |  |  |  | 122,418 |
Interest rate |  |  | — |  |  | 3.9000% to 6.4044% |  |  | 3.9000% to 6.4044% |  |  | 3.9000% to 6.4044% |  |  | 3.9000% to 6.4044% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Variable Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Dollar |  |  | 60 |  |  |  | 266 |  |  |  | 203 |  |  |  | 65 |  |  |  | 50 |  |  |  | 644 |  |  |  | 32,158 |  |  |  | 170 |  |  |  | 31,988 |  |  |  | 644 |  |  |  | 32,158 |
Interest rate |  | 1.2000% to 1.6000% over LIBOR |  |  | US$LIBOR + 0.7900% to 1.4500% |  |  | US$LIBOR + 0.7900% to 1.4500% |  |  | US$LIBOR + 0.7900% to 0.9500% |  |  | US$LIBOR + 1.0500% |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Philippine Peso |  |  | — |  |  |  | 3 |  |  |  | 95 |  |  |  | 66 |  |  |  | — |  |  |  | 164 |  |  |  | 8,195 |  |  |  | 14 |  |  |  | 8,181 |  |  |  | 164 |  |  |  | 8,195 |
Interest rate |  |  | — |  |  | 1.0000% over PDST-R2 |  |  | 1.0000% over PDST-R2 |  |  | 1.0000% over PDST-R2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 65 |  |  |  | 639 |  |  |  | 387 |  |  |  | 760 |  |  |  | 1,615 |  |  |  | 3,466 |  |  |  | 173,136 |  |  |  | 525 |  |  |  | 172,611 |  |  |  | 3,320 |  |  |  | 165,875 |

X
- Definition Analysis of the age of financial assets that are past due but not impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 37 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-02&anchor=para_37_a&doctype=Standard&book=b -URIDate 2018-03-16 + Details
Name: | ifrs-full_AnalysisOfAgeOfFinancialAssetsThatArePastDueButNotImpaired
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of how the entity manages its liquidity risk. [Refer: Liquidity risk [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 39 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_39_c&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DescriptionOfManagingLiquidityRisk
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 35M -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_35M&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExposureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_31&doctype=Standard -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_7&doctype=Standard -URIDate 2018-03-16 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 35K -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_35K&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about hedges. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 22 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-02&anchor=para_22&doctype=Standard&book=b -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutHedgesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 24A -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_24A&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the effect of changes in foreign exchange rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=21&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_7&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of internal credit grades. [Refer: Internal credit grades [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph IG25 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-02&anchor=para_IG25&doctype=Implementation%20Guidance&book=b -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 36 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-02&anchor=para_36_c&doctype=Standard&book=b -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfInternalCreditExposuresExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_31&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Section Offsetting financial assets and financial liabilities -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=F17296467&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of changes in the loss allowance and explanation of changes in the gross carrying amount for financial instruments. Loss allowance is the allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 of IFRS 9, lease receivables and contract assets, the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A of IFRS 9 and the provision for expected credit losses on loan commitments and financial guarantee contracts. [Refer: Gross carrying amount [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 35H -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_35H&doctype=Standard -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2018-01-01 -Paragraph 35I -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2018-03-01&anchor=para_35I&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of carrying amount and fair value of financial instruments. + References No definition available. + Details
Name: | phi_DisclosureOfCarryingAmountAndFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of derivative financial instruments by classification. + References No definition available. + Details
Name: | phi_DisclosureOfDerivativeFinancialInstrumentsByClassificationExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detailed information about hedging items. + References No definition available. + Details
Name: | phi_DisclosureOfDetailedInformationAboutHedgingItemsExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of financial assets and liabilities. + References No definition available. + Details
Name: | phi_DisclosureOfFinancialAssetsAndLiabilitiesAbstract
Namespace Prefix: | phi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of financial assets and liabilities. + References No definition available. + Details
Name: | phi_DisclosureOfFinancialAssetsAndLiabilitiesLineItems
Namespace Prefix: | phi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of future minimum lease commitments payable with non-cancellable operating leases. + References No definition available. + Details
Name: | phi_DisclosureOfFutureMinimumLeaseCommitmentsPayableWithNonCancellableOperatingLeasesExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of gains (losses) on derivative financial instruments. + References No definition available. + Details
Name: | phi_DisclosureOfGainsLossesOnDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of maturity analysis for non-derivative and derivative financial liabilities. + References No definition available. + Details
Name: | phi_DisclosureOfMaturityAnalysisForNonderivativeAndDerivativeFinancialLiabilitiesExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of movements of consolidated mark-to-market gains (losses). + References No definition available. + Details
Name: | phi_DisclosureOfMovementsOfConsolidatedMarkToMarketGainsLossesExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation of component of equity. + References No definition available. + Details
Name: | phi_DisclosureOfReconciliationOfComponentOfEquityExplanatory
Namespace Prefix: | phi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |