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Related Party Transactions (Tables)

12 Months Ended

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

X

- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

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