Trade and Other Receivables

12 Months Ended

Dec. 31, 2019

Trade And Other Receivables [Abstract]

17.	Trade and Other Receivables

As at December 31, 2019 and 2018, this account consists of receivables from:

	2019		2018
	(in million pesos)
Retail subscribers (Note 28)		17,178		19,444
Corporate subscribers (Note 28)		13,005		11,073
Foreign administrations (Note 28)		1,896		4,225
Domestic carriers (Note 28)		889		270
Dealers, agents and others (Note 28)		6,372		5,547
		39,340		40,559
Less allowance for expected credit losses		16,904		16,503
		22,436		24,056

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 to 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 25 – Related Party Transactions.

See Note 28 – Financial Assets and Liabilities 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 as at December 31, 2019 and 2018:

	2019
		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 at beginning of the year			893			8,931			603			3,906			5			914			3		74			91			1,083			1,595			14,908			16,503
Provisions (Note 5)			418			2,725			211			661			(2	)		64			1		12			10			(29	)		638			3,433			4,071
Reclassifications and reversals			(366	)		793			(80	)		201			—			(604	)		—		—			(3	)		4			(449	)		394			(55	)
Write-offs			(12	)		(2,683	)		(1	)		(895	)		—			—			—		—			—			(13	)		(13	)		(3,591	)		(3,604	)
Translation adjustments			(7	)		—			(1	)		(3	)		—			—			—		—			—			—			(8	)		(3	)		(11	)
Balances at end of the year			926			9,766			732			3,870			3			374			4		86			98			1,045			1,763			15,141			16,904

	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 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
Provisions (Note 5)			20			3,109			172			820			44			(13	)		2		2			9			27			247			3,945			4,192
Reclassifications and reversals			86			6			(48	)		201			(46	)		2			—		(3	)		(5	)		(146	)		(13	)		60			47
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
Balances at end of the year			893			8,931			603			3,906			5			914			3		74			91			1,083			1,595			14,908			16,503

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 28 – Financial Assets and Liabilities.