Trade and Other Receivables

12 Months Ended

Dec. 31, 2020

Trade And Other Receivables [Abstract]

17.	Trade and Other Receivables

As at December 31, 2020 and 2019, this account consists of receivables from:

	2020		2019
	(in million pesos)
Retail subscribers (Note 28)		17,142		17,178
Corporate subscribers (Note 28)		13,318		13,005
Foreign administrations (Note 28)		1,520		1,896
Domestic carriers (Note 28)		226		889
Dealers, agents and others (Note 28)		6,098		6,372
		38,304		39,340
Less: Allowance for expected credit losses		16,251		16,904
		22,053		22,436

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 noninterest-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, 2020 and 2019:

	2020
		Retail Subscribers								Corporate Subscribers								Foreign Administrations						Domestic Carriers						Dealers, Agents and Others						Total
		Stage 1		Stage 2			Stage 3			Stage 1		Stage 2			Stage 3			Stage 2			Stage 3			Stage 2			Stage 3			Stage 2			Stage 3			Stage 1		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			—		926			9,766			—		732			3,870			3			374			4			86			98			1,045			—		1,763			15,141			16,904
Provisions (Note 5)			—		2,387			2,550			—		1,020			438			6			(20	)		(1	)		(3	)		52			17			—		3,464			2,982			6,446
Reclassifications and reversals			—		(840	)		1,015			—		(358	)		324			—			(111	)		—			(4	)		(15	)		(6	)		—		(1,213	)		1,218			5
Write-offs			—		(40	)		(5,774	)		—		—			(1,151	)		—			(16	)		—			(21	)		—			(85	)		—		(40	)		(7,047	)		(7,087	)
Translation adjustments			—		—			—			—		(14	)		(3	)		—			—			—			—			—			—			—		(14	)		(3	)		(17	)
Balances at end of the year			—		2,433			7,557			—		1,380			3,478			9			227			3			58			135			971			—		3,960			12,291			16,251

	2019
		Retail Subscribers								Corporate Subscribers								Foreign Administrations						Domestic Carriers						Dealers, Agents and Others						Total
		Stage 1		Stage 2			Stage 3			Stage 1		Stage 2			Stage 3			Stage 2			Stage 3			Stage 2			Stage 3			Stage 2			Stage 3			Stage 1		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

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.