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Income and Expenses (Tables) | 12 Months Ended
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Dec. 31, 2018
Analysis Of Income And Expense [Abstract] |
Summary of Revenue from Contracts with Customers | Set out is the disaggregation of PLDT Group’s revenue for the year ended December 31, 2018
Revenue Streams |  | Wireless |  |  | Fixed Line |  |  | Others |  |  | Inter- segment Transactions |  |  | Consolidated |
|  | (in million pesos) |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Type of good or service |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service revenue |  |  | 83,001 |  |  |  | 81,648 |  |  |  | 1,094 |  |  |  | (11,536 | ) |  |  | 154,207 |
Non-service revenue |  |  | 6,928 |  |  |  | 3,574 |  |  |  | 44 |  |  |  | (1 | ) |  |  | 10,545 |
Total revenue from contracts with customers |  |  | 89,929 |  |  |  | 85,222 |  |  |  | 1,138 |  |  |  | (11,537 | ) |  |  | 164,752 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transferred over time |  |  | 83,001 |  |  |  | 81,648 |  |  |  | 1,094 |  |  |  | (11,536 | ) |  |  | 154,207 |
Transferred at a point time |  |  | 6,928 |  |  |  | 3,574 |  |  |  | 44 |  |  |  | (1 | ) |  |  | 10,545 |
Total revenue from contracts with customers |  |  | 89,929 |  |  |  | 85,222 |  |  |  | 1,138 |  |  |  | (11,537 | ) |  |  | 164,752 |
Summary of Contract Balances | Contract balances as at December 31, 2018 and 2017 consists of the following:
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Trade and other receivables (Note 16) |  |  | 40,559 |  |  |  | 48,262 |
Contract assets |  |  | 3,399 |  |  |  | — |
Contract liabilities and unearned revenues |  |  | 7,182 |  |  |  | 8,363 |
Summary of Movement in Allowance for Expected Credit Losses of Contracts Assets | Set out below is the movement in the allowance for expected credit losses of contracts assets.
|  |  |  | 2018 |
|  |  |  | (in million pesos) |
Balance at beginning of the year |  |  |  |  | 114 |
Provisions during the year |  |  |  |  | 17 |
Balance at end of the year |  |  |  |  | 131 |
Summary of Contract Liabilities and Unearned Revenues Account | Changes in the contract liabilities and unearned revenues accounts for the year ended December 31, 2018 are as follows:
|  |  |  | 2018 |
|  |  |  | (in million pesos) |
Balances as at January 1, 2018, as restated |  |  |  |  | 8,541 |
Deferred during the year |  |  |  |  | 102,288 |
Recognized as revenue during the year |  |  |  |  | (103,647 | )
Balance at end of the year |  |  |  |  | 7,182 |
Summary of Changes in Contract Liabilities and Unearned Revenues Accounts | The contract liabilities and unearned revenues accounts as at December 31, 2018 are as follows:
|  |  |  | 2018 |
|  |  |  | (in million pesos) |
Long-term advances from postpaid subscribers |  |  |  |  | 145 |
Short-term advances for installatin services |  |  |  |  | 558 |
Leased facilities |  |  |  |  | 34 |
Advance monthly service fees |  |  |  |  | 2,386 |
Unearned revenues from prepaid contracts |  |  |  |  | 4,059 |
Total contract liabilities and unearned revenues |  |  |  |  | 7,182 |
Contract liabilities: |  |  |  |  |  |
Current |  |  |  |  | 87 |
Noncurrent |  |  |  |  | 58 |
Unearned revenues: |  |  |  |  |  |
Current |  |  |  |  | 6,563 |
Noncurrent |  |  |  |  | 474 |
Summary of Selling, General and Administrative Expenses | Selling, general and administrative expenses for the year sended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Compensation and employee benefits |  |  | 23,543 |  |  |  | 22,782 |  |  |  | 19,928 |
Repairs and maintenance (Notes 13, 17 and 24) |  |  | 14,331 |  |  |  | 12,744 |  |  |  | 14,706 |
Professional and other contracted services (Note 24) |  |  | 12,809 |  |  |  | 12,168 |  |  |  | 9,386 |
Rent (Note 24) |  |  | 7,321 |  |  |  | 7,016 |  |  |  | 6,632 |
Selling and promotions (Note 24) |  |  | 6,340 |  |  |  | 5,908 |  |  |  | 7,687 |
Taxes and licenses (Note 26) |  |  | 4,974 |  |  |  | 3,970 |  |  |  | 3,782 |
Insurance and security services (Note 24) |  |  | 1,499 |  |  |  | 1,519 |  |  |  | 1,736 |
Communication, training and travel (Note 24) |  |  | 1,069 |  |  |  | 1,166 |  |  |  | 1,249 |
Amortization of intangible assets (Note 14) |  |  | 892 |  |  |  | 835 |  |  |  | 929 |
Other expenses |  |  | 1,138 |  |  |  | 882 |  |  |  | 1,161 |
Total selling, general and administrative expenses |  |  | 73,916 |  |  |  | 68,990 |  |  |  | 67,196 |
Summary of Compensation and Employee Benefits | Compensation and employee benefits for the year ended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Salaries and other employee benefits |  |  | 19,777 |  |  |  | 18,598 |  |  |  | 17,734 |
Pension benefit costs (Note 25) |  |  | 1,855 |  |  |  | 1,610 |  |  |  | 1,775 |
MRP |  |  | 1,703 |  |  |  | 1,747 |  |  |  | 419 |
Incentive plan (Note 25) |  |  | 208 |  |  |  | 827 |  |  |  | — |
Total compensation and employee benefits |  |  | 23,543 |  |  |  | 22,782 |  |  |  | 19,928 |
Summary of Cost of Sales and Services | Cost of sales and services for the years ended Decemeber 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Cost of computers, mobile handsets and broadband data modems (Note 17) |  |  | 10,513 |  |  |  | 10,277 |  |  |  | 16,053 |
Cost of services (Note 17) |  |  | 3,429 |  |  |  | 2,572 |  |  |  | 1,540 |
Cost of point-product-sales (Note 17) |  |  | 485 |  |  |  | 784 |  |  |  | 700 |
Total cost of sales and services |  |  | 14,427 |  |  |  | 13,633 |  |  |  | 18,293 |
Summary of Asset Impairment | Asset impairment for the years ended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Trade and other receivables (Note 16) |  |  | 4,192 |  |  |  | 3,438 |  |  |  | 8,027 |
Property and equipment (Note 9) |  |  | 1,958 |  |  |  | 3,913 |  |  |  | — |
Inventories and supplies (Note 17) |  |  | 1,528 |  |  |  | 907 |  |  |  | 1,941 |
Contract assets |  |  | 223 |  |  |  | — |  |  |  | — |
Goodwill and intangible assets (Note 14) |  |  | — |  |  |  | — |  |  |  | 1,038 |
Other assets |  |  | 164 |  |  |  | — |  |  |  | 36 |
Total asset impairment |  |  | 8,065 |  |  |  | 8,258 |  |  |  | 11,042 |
Disclosure of Other Income (Expenses) - Net | Other income (expenses) – net for the years ended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Gain on deconsolidation of VIH (Note 2) |  |  | 12,054 |  |  |  | — |  |  |  | — |
Interest income |  |  | 1,943 |  |  |  | 1,412 |  |  |  | 1,046 |
Gains on derivative financial instruments – net (Note 27) |  |  | 1,086 |  |  |  | 533 |  |  |  | 996 |
Equity share in net earnings (losses) of associates and joint ventures (Note 10) |  |  | (87 | ) |  |  | 2,906 |  |  |  | 1,181 |
Foreign exchange losses – net (Note 9 ) |  |  | (771 | ) |  |  | (411 | ) |  |  | (2,785 | )
Financing costs |  |  | (7,067 | ) |  |  | (7,370 | ) |  |  | (7,354 | )
Others – net (Notes 10, 11 and 13) |  |  | 1,884 |  |  |  | 7,988 |  |  |  | 4,284 |
Total other income (expenses) – net |  |  | 9,042 |  |  |  | 5,058 |  |  |  | (2,632 | )
Summary of Interest Income | Interest income for the years ended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Interest income on financial instruments at amortized cost (Notes 12 and 15) |  |  | 1,486 |  |  |  | — |  |  |  | — |
Interest income arising from revenue contracts with customers |  |  | 457 |  |  |  | — |  |  |  | — |
Interest income on loans and receivables (Notes 15 and 16) |  |  | — |  |  |  | 1,404 |  |  |  | 980 |
Interest income on HTM investments (Note 12) |  |  | — |  |  |  | 8 |  |  |  | 36 |
Interest income on financial instruments at FVPL |  |  | — |  |  |  | — |  |  |  | 30 |
Total interest income |  |  | 1,943 |  |  |  | 1,412 |  |  |  | 1,046 |
Summary of Financing Costs | Financing costs for the years ended December 31, 2018, 2017 and 2016 consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  |  |  |  |  | (in million pesos) |  |  |
Interest on loans and other related items (Notes 20 and 27) |  |  | 8,307 |  |  |  | 7,830 |  |  |  | 7,522 |
Accretion on financial liabilities (Note 20) |  |  | 145 |  |  |  | 219 |  |  |  | 230 |
Financing charges |  |  | 139 |  |  |  | 137 |  |  |  | 168 |
Capitalized interest (Note 9) |  |  | (1,524 | ) |  |  | (816 | ) |  |  | (566 | )
Total financing costs |  |  | 7,067 |  |  |  | 7,370 |  |  |  | 7,354 |

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