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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure Of Transactions Between Related Parties [Abstract] |
Summary of Outstanding Balances and Transactions with Related Parties | The following table provides the summary of outstanding balances as at December 31, 2020 and 2019 transactions that have been entered into with related parties:
|  | Classifications |  | Terms |  | Conditions |  | 2020 |  |  | 2019 |
|  |  |  |  |  |  |  | (in million pesos) |
Indirect investment in joint ventures through PCEV: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Meralco |  | Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) |  | Electricity charges – immediately upon receipt of invoice |  | Unsecured |  |  | 418 |  |  |  | 415 |
|  | ROU assets (Note 10) |  | Upon expiration or depreciation of lease |  | Unsecured |  |  | 1,916 |  |  |  | — |
|  | Lease liabilities - net of current portion (Note 10) |  | Due after December 2021 for 2020 and due after December 2020 for 2019 |  | Unsecured |  |  | 1,589 |  |  |  | — |
|  | Current portion of lease liabilities (Note 10) |  | Due on or before December 2021 for 2020 and due on or before December 2020 for 2019 |  | Unsecured |  |  | 437 |  |  |  | — |
Meralco Industrial Engineering Services Corporation, or MIESCOR |  | Accrued expenses and other current liabilities (Note 24) |  | 30 days upon receipt of invoice |  | Unsecured |  |  | 3 |  |  |  | 3 |
MPIC |  | Financial assets at FVOCI – net of current portion (Note 11) |  | Due after December 2021 for 2020 and due after December 2020 for 2019; noninterest-bearing |  | Unsecured |  |  | — |  |  |  | 162 |
|  | Current portion of financial assets at FVOCI (Note 11) |  | Due on or before December 2021 for 2020 and due on or before December 2020 for 2019; noninterest-bearing |  | Unsecured |  |  | 168 |  |  |  | 2,757 |
Transactions with major stockholders, directors and officers: |  |  |  |  |  |  |  |  |  |  |  |  |  |
NTT TC Leasing(1) |  | Interest-bearing financial liabilities (Note 21) |  | Non-amortizing, payable upon maturity on March 30, 2023 and March 27, 2024 |  | Unsecured |  |  | 2,401 |  |  |  | 2,540 |
NTT World Engineering Marine Corporation |  | Accrued expenses and other current liabilities (Note 24) |  | 1st month of each quarter; noninterest-bearing |  | Unsecured |  |  | 183 |  |  |  | 147 |
NTT Communications |  | Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) |  | 30 days upon receipt of invoice; noninterest-bearing |  | Unsecured |  |  | 11 |  |  |  | 10 |
NTT Worldwide Telecommunications Corporation |  | Accrued expenses and other current liabilities (Note 24) |  | 30 days upon receipt of invoice; noninterest-bearing |  | Unsecured |  |  | 1 |  |  |  | 3 |
NTT DOCOMO |  | Accrued expenses and other current liabilities (Note 24) |  | 30 days upon receipt of invoice; noninterest-bearing |  | Unsecured |  |  | 8 |  |  |  | 6 |
JGSHI and Subsidiaries |  | ROU assets (Note 10) |  | Upon expiration or depreciation of lease |  | Unsecured |  |  | 134 |  |  |  | 168 |
|  | Lease liabilities - net of current portion (Note 10) |  | Due after December 2021 for 2020 and due after December 2020 for 2019 |  | Unsecured |  |  | 114 |  |  |  | 154 |
|  | Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) |  | 1st month of each quarter; 30 days upon receipt of invoice; noninterest-bearing |  | Unsecured |  |  | 62 |  |  |  | 33 |
|  | Current portion of lease liabilities (Note 10) |  | Due on or before December 2021 for 2020 and due on or before December 2020 for 2019 |  | Unsecured |  |  | 29 |  |  |  | 20 |
Malayan Insurance Co., Inc. or Malayan |  | Prepayments (Note 19) |  | Immediately upon receipt of invoice |  | Unsecured |  |  | 18 |  |  |  | 19 |
|  | Accrued expenses and other current liabilities (Note 24) |  | Immediately upon receipt of invoice |  | Unsecured |  |  | 10 |  |  |  | 5 |
Gotuaco del Rosario and Associates, or Gotuaco |  | Prepayments (Note 19) |  | Immediately upon receipt of invoice |  | Unsecured |  |  | 5 |  |  |  | 6 |
|  | Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) |  | Immediately upon receipt of invoice |  | Unsecured |  |  | 10 |  |  |  | 1 |
Others: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cignal Cable Corporation, or Cignal Cable |  | Accrued expenses and other current liabilities (Note 24) |  | Immediately upon receipt of invoice |  | Unsecured |  |  | 102 |  |  |  | — |
Various |  | ROU assets (Note 10) |  | Upon expiration or depreciation of lease |  | Unsecured |  |  | 598 |  |  |  | 232 |
|  | Trade and other receivables (Note 17) |  | 30 days upon receipt of invoice |  | Unsecured |  |  | 2,036 |  |  |  | 2,082 |
|  | Lease liabilities - net of current portion (Note 10) |  | Due after December 2021 for 2020 and due after December 2020 for 2019 |  | Unsecured |  |  | 413 |  |  |  | 218 |
|  | Accounts payable (Note 23) |  | 30 days nonnterest-bearing; Immediately upon receipt of billing |  | Unsecured |  |  | 1,049 |  |  |  | 1,173 |
|  | Accrued expenses and other current liabilities (Note 24) |  | Immediately upon receipt of billing |  | Unsecured |  |  | 63 |  |  |  | 65 |
|  | Current portion of lease liabilities (Note 10) |  | Due on or before December 2021 for 2020 and due on or before December 2020 for 2019 |  | Unsecured |  |  | 156 |  |  |  | 92 |
| (1) | Effective July 1, 2020, these loans were transferred from NTT Finance Corporation to NTT TC Leasing. See Note 21 – Interest-bearing Financial Liabilities.
The following table provides the summary of transactions that have been entered into with related parties for the years ended December 31, 2020, 2019 and 2018 in relation with the table above.
| Classifications |  | 2020 |  |  | 2019 |  |  | 2018 |
|  |  | (in million pesos) |
Indirect investment in joint ventures through PCEV: |  |  |  |  |  |  |  |  |  |  |  |  |
Meralco | Repairs and maintenance |  |  | 2,231 |  |  |  | 2,689 |  |  |  | 2,771 |
| Depreciation and amortization |  |  | 473 |  |  |  | 218 |  |  |  | — |
| Rent |  |  | 38 |  |  |  | 29 |  |  |  | 583 |
MIESCOR | Repairs and maintenance |  |  | — |  |  |  | — |  |  |  | 33 |
| Construction-in-progress |  |  | — |  |  |  | — |  |  |  | 33 |
Transactions with major stockholders, directors and officers: |  |  |  |  |  |  |  |  |  |  |  |  |
NTT TC Leasing(1) | Financing costs – net |  |  | 59 |  |  |  | 103 |  |  |  | 100 |
NTT World Engineering Marine Corporation | Repairs and maintenance |  |  | 139 |  |  |  | 169 |  |  |  | 17 |
NTT Communications | Professional and other contracted services |  |  | 81 |  |  |  | 95 |  |  |  | 95 |
| Rent |  |  | — |  |  |  | — |  |  |  | 5 |
NTT Worldwide Telecommunications Corporation | Selling and promotions |  |  | 3 |  |  |  | 5 |  |  |  | 5 |
NTT DOCOMO | Professional and other contracted services |  |  | 58 |  |  |  | 70 |  |  |  | 96 |
JGSHI and Subsidiaries | Rent |  |  | 314 |  |  |  | 198 |  |  |  | 236 |
| Professional and other contracted services |  |  | 2 |  |  |  | — |  |  |  | — |
| Repairs and maintenance |  |  | 6 |  |  |  | 38 |  |  |  | 111 |
| Communication, training and travel |  |  | 1 |  |  |  | 10 |  |  |  | 20 |
| Depreciation and amortization |  |  | 34 |  |  |  | — |  |  |  | — |
| Financing costs – net |  |  | 13 |  |  |  | — |  |  |  | — |
| Miscellaneous expenses |  |  | — |  |  |  | 98 |  |  |  | 7 |
Malayan | Insurance and security services |  |  | 194 |  |  |  | 295 |  |  |  | 182 |
Gotuaco | Insurance and security services |  |  | 149 |  |  |  | 165 |  |  |  | 163 |
Asia Link B.V., or ALBV | Professional and other contracted services |  |  | — |  |  |  | — |  |  |  | 34 |
First Pacific Investment Management Limited, or FPIML | Professional and other contracted services |  |  | 72 |  |  |  | 156 |  |  |  | 135 |
Others: |  |  |  |  |  |  |  |  |  |  |  |  |
TV5 | Selling and promotions |  |  | 112 |  |  |  | 33 |  |  |  | 409 |
Cignal Cable | Cost of services (iflix service agreement 2015) |  |  | — |  |  |  | 224 |  |  |  | 372 |
| Cost of services (iflix service agreement 2019) |  |  | 22 |  |  |  | 82 |  |  |  | — |
| Selling and promotions |  |  | 23 |  |  |  | 82 |  |  |  | — |
| Other income – net |  |  | 51 |  |  |  | 166 |  |  |  | — |
Various | Revenues |  |  | 2,145 |  |  |  | 2,401 |  |  |  | 2,355 |
| Expenses |  |  | 1,582 |  |  |  | 1,908 |  |  |  | 1,935 |
| (1) | Transferred to NTT TC Leasing from NTT Finance Corp. effective July 1, 2020. See Note 21 – Interest-bearing Financial Liabilities.
Summary of Compensation of Key Officers by Benefit Type | The compensation of key officers of the PLDT Group by benefit type for the years ended December 31, 2020, 2019 and 2018 are as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in million pesos) |
Short-term employee benefits |  |  | 327 |  |  |  | 311 |  |  |  | 401 |
Share-based payments (Note 26) |  |  | 297 |  |  |  | 138 |  |  |  | 83 |
Post-employment benefits (Note 26) |  |  | 22 |  |  |  | 58 |  |  |  | 30 |
Total compensation paid to key officers of the PLDT Group |  |  | 646 |  |  |  | 507 |  |  |  | 514 |

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