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Trade and Other Receivables | 12 Months Ended
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Dec. 31, 2018
Trade And Other Receivables [Abstract] |
Trade and Other Receivables |
16. | Trade and Other Receivables
As at December 31, 2018 and 2017, this account consists of receivables from:
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Retail subscribers (Note 27) |  |  | 19,444 |  |  |  | 17,961 |
Corporate subscribers (Note 27) |  |  | 11,073 |  |  |  | 9,641 |
Foreign administrations (Note 27) |  |  | 4,225 |  |  |  | 6,517 |
Domestic carriers (Note 27) |  |  | 270 |  |  |  | 457 |
Dealers, agents and others (Note 27) |  |  | 5,547 |  |  |  | 13,686 |
|  |  | 40,559 |  |  |  | 48,262 |
Less allowance for expected credit losses/doubtful accounts (Notes 5 and 27) |  |  | 16,503 |  |  |  | 14,501 |
|  |  | 24,056 |  |  |  | 33,761 |
Receivables from foreign administrations and domestic carriers represent receivables based on interconnection agreements with other telecommunications carriers. The aforementioned amounts of receivables are shown net of related payables to the same telecommunications carriers where a legal right of offset exists and settlement is facilitated on a net basis. Receivables from dealers, agents and others consist mainly of receivables from credit card companies, dealers and distributors having collection arrangements with the PLDT Group, dividend receivables and advances from affiliates. Trade and other receivables are non-interest-bearing and generally have settlement terms of 30 to 180 days. For terms and conditions relating to related party receivables, see Note 24 – Related Party Transactions. See Note 24 – Related Party Transactions for the summary of transactions with related parties and Note 27 – Financial Assets and Liabilities – Credit Risk on credit risk of trade receivables to understand how we manage and measure credit quality of trade receivables that are neither past due nor impaired. The following table explains the changes in the allowance for expected credit losses from January 1 to December 31, 2018:
| For the year ended December 31, 2018 |
|  | Retail Subscribers |  |  | Corporate Subscribers |  |  | Foreign Administrations |  |  | Domestic Carriers |  |  | Dealers, Agents and Others |  |  | Total |  |  |  |  |
|  | Stage 2 |  |  | Stage 3 |  |  | Stage 2 |  |  | Stage 3 |  |  | Stage 2 |  |  | Stage 3 |  |  | Stage 2 |  |  | Stage 3 |  |  | Stage 2 |  |  | Stage 3 |  |  | Stage 2 |  |  | Stage 3 |  |  |  |  |
|  | Lifetime ECL |  |  | Lifetime ECL |  |  | Lifetime ECL |  |  | Lifetime ECL |  |  | Lifetime ECL |  |  | Lifetime ECL |  |  | Total |
|  | (in million pesos) |
Balances as at beginning of the year, as restated |  |  | 787 |  |  |  | 7,925 |  |  |  | 474 |  |  |  | 3,212 |  |  |  | 7 |  |  |  | 925 |  |  |  | 1 |  |  |  | 75 |  |  |  | 147 |  |  |  | 1,206 |  |  |  | 1,416 |  |  |  | 13,343 |  |  |  | 14,759 |
Reclassifications and reversals |  |  | 86 |  |  |  | 6 |  |  |  | (48 | ) |  |  | 201 |  |  |  | (46 | ) |  |  | 2 |  |  |  | — |  |  |  | (3 | ) |  |  | (5 | ) |  |  | (146 | ) |  |  | (13 | ) |  |  | 60 |  |  |  | 47 |
Provisions |  |  | 20 |  |  |  | 3,109 |  |  |  | 172 |  |  |  | 820 |  |  |  | 44 |  |  |  | (13 | ) |  |  | 2 |  |  |  | 2 |  |  |  | 9 |  |  |  | 27 |  |  |  | 247 |  |  |  | 3,945 |  |  |  | 4,192 |
Business combination/dissolution |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (57 | ) |  |  | — |  |  |  | (57 | ) |  |  | — |  |  |  | (57 | )
Write-offs |  |  | — |  |  |  | (2,109 | ) |  |  | — |  |  |  | (328 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | (4 | ) |  |  | (3 | ) |  |  | (2,441 | ) |  |  | (2,444 | )
Translation adjustments |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 1 |  |  |  | 6 |
Balance at end of the year |  |  | 893 |  |  |  | 8,931 |  |  |  | 603 |  |  |  | 3,906 |  |  |  | 5 |  |  |  | 914 |  |  |  | 3 |  |  |  | 74 |  |  |  | 91 |  |  |  | 1,083 |  |  |  | 1,595 |  |  |  | 14,908 |  |  |  | 16,503 |
Changes in the allowance for doubtful accounts for the year ended December 31, 2017 are as follows:
|  | Total |  |  | Retail Subscribers |  |  | Corporate Subscribers |  |  | Foreign Administrations |  |  | Domestic Carriers |  |  | Dealers, Agents and Others |
|  | (in million pesos) |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of the year |  |  | 18,788 |  |  |  | 12,588 |  |  |  | 3,827 |  |  |  | 628 |  |  |  | 134 |  |  |  | 1,611 |
Provisions (reversals) and other adjustments |  |  | (1,029 | ) |  |  | (1,166 | ) |  |  | 15 |  |  |  | 310 |  |  |  | (59 | ) |  |  | (129 | )
Write-offs |  |  | (3,258 | ) |  |  | (2,644 | ) |  |  | (538 | ) |  |  | — |  |  |  | — |  |  |  | (76 | )
Balance at end of the year |  |  | 14,501 |  |  |  | 8,778 |  |  |  | 3,304 |  |  |  | 938 |  |  |  | 75 |  |  |  | 1,406 |
Individual impairment |  |  | 10,160 |  |  |  | 5,747 |  |  |  | 3,177 |  |  |  | 104 |  |  |  | 51 |  |  |  | 1,081 |
Collective impairment |  |  | 4,341 |  |  |  | 3,031 |  |  |  | 127 |  |  |  | 834 |  |  |  | 24 |  |  |  | 325 |
|  |  | 14,501 |  |  |  | 8,778 |  |  |  | 3,304 |  |  |  | 938 |  |  |  | 75 |  |  |  | 1,406 |
Gross amount of receivables individually impaired, before deducting any impairment allowance |  |  | 10,160 |  |  |  | 5,747 |  |  |  | 3,177 |  |  |  | 104 |  |  |  | 51 |  |  |  | 1,081 |
The significant changes in the balances of trade and other receivables and contract assets are disclosed in Note 5 – Income and Expenses, while the information about the credit exposures are disclosed in Note 27 – Financial Assets and Liabilities.

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