XML 65 R54.htm IDEA: XBRL DOCUMENT
v3.23.1

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [abstract] |
Summary of Number of Shares of Subscribed and Outstanding Capital Stock | PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2022 and 2021 are as follows:
|  | 2022 |  |  | 2021 |
|  |  |  | (in millions) |
Authorized |  |  |  |  |  |
Non-Voting Serial Preferred Stock |  |  | 388 |  |  |  | 388 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 234 |  |  |  | 234 |
Subscribed |  |  |  |  |  |
Non-Voting Serial Preferred Stock(1) |  |  | 300 |  |  |  | 300 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 219 |  |  |  | 219 |
Outstanding |  |  |  |  |  |
Non-Voting Serial Preferred Stock(1) |  |  | 300 |  |  |  | 300 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 216 |  |  |  | 216 |
Treasury Stock |  |  |  |  |  |
Common Stock |  |  | 3 |  |  |  | 3 |
(1) 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which Php 360 million has been paid.
Summary of Dividends Declared | Our dividends declared for the years ended December 31, 2022, 2021 and 2020 are detailed as follows: December 31, 2022
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 25, 2022 |  | February 21, 2022 |  | March 15, 2022 |  |  | — |  |  |  | 12 |
|  | May 5, 2022 |  | May 20, 2022 |  | June 15, 2022 |  |  | — |  |  |  | 13 |
|  | August 4, 2022 |  | August 19, 2022 |  | September 15, 2022 |  |  | — |  |  |  | 12 |
|  | November 3, 2022 |  | November 18, 2022 |  | December 15, 2022 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 3, 2022 |  | March 23, 2022 |  | April 15, 2022 |  |  | — |  |  |  | 2 |
|  | June 14, 2022 |  | June 30, 2022 |  | July 15, 2022 |  |  | — |  |  |  | 2 |
|  | August 24, 2022 |  | September 15, 2022 |  | October 15, 2022 |  |  | — |  |  |  | 3 |
|  | December 15, 2022 |  | December 29, 2022 |  | January 15, 2023 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 3, 2022 |  | March 17, 2022 |  | April 4, 2022 |  |  | 42.00 |  |  |  | 9,075 |
|  | August 4, 2022 |  | August 18, 2022 |  | September 5, 2022 |  |  | 47.00 |  |  |  | 10,155 |
Special Dividend |  | August 4, 2022 |  | August 18, 2022 |  | September 5, 2022 |  |  | 28.00 |  |  |  | 6,049 |
|  |  |  |  |  |  |  |  |  |  |  | 25,279 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 25,338 |
* Dividends were declared based on total amount paid up. December 31, 2021
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 26, 2021 |  | February 22, 2021 |  | March 15, 2021 |  |  | — |  |  |  | 12 |
|  | May 6, 2021 |  | May 21, 2021 |  | June 15, 2021 |  |  | — |  |  |  | 13 |
|  | August 5, 2021 |  | August 20, 2021 |  | September 15, 2021 |  |  | — |  |  |  | 12 |
|  | November 4, 2021 |  | November 19, 2021 |  | December 15, 2021 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 4, 2021 |  | March 24, 2021 |  | April 15, 2021 |  |  | — |  |  |  | 3 |
|  | June 8, 2021 |  | June 24, 2021 |  | July 15, 2021 |  |  | — |  |  |  | 2 |
|  | August 26, 2021 |  | September 13, 2021 |  | October 15, 2021 |  |  | — |  |  |  | 2 |
|  | December 7, 2021 |  | December 23, 2021 |  | January 15, 2022 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 4, 2021 |  | March 18, 2021 |  | April 6, 2021 |  |  | 40.00 |  |  |  | 8,642 |
|  | August 5, 2021 |  | August 19, 2021 |  | September 3, 2021 |  |  | 42.00 |  |  |  | 9,075 |
|  |  |  |  |  |  |  |  |  |  |  | 17,717 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 17,776 |
* Dividends were declared based on total amount paid up. December 31, 2020
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series JJ |  | April 8, 2020 |  | February 11, 2020 |  | May 12, 2020 |  | 0.0027/day |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 28, 2020 |  | February 24, 2020 |  | March 15, 2020 |  |  | — |  |  |  | 12 |
|  | May 7, 2020 |  | May 21, 2020 |  | June 15, 2020 |  |  | — |  |  |  | 13 |
|  | August 6, 2020 |  | August 20, 2020 |  | September 15, 2020 |  |  | — |  |  |  | 12 |
|  | November 5, 2020 |  | November 19, 2020 |  | December 15, 2020 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 5, 2020 |  | March 25, 2020 |  | April 15, 2020 |  |  | — |  |  |  | 3 |
|  | June 9, 2020 |  | June 24, 2020 |  | July 15, 2020 |  |  | — |  |  |  | 2 |
|  | September 29, 2020 |  | October 13, 2020 |  | October 15, 2020 |  |  | — |  |  |  | 2 |
|  | December 3, 2020 |  | December 18, 2020 |  | January 15, 2021 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 5, 2020 |  | March 19, 2020 |  | April 3, 2020 |  |  | 39.00 |  |  |  | 8,426 |
|  | August 6, 2020 |  | August 20, 2020 |  | September 4, 2020 |  |  | 38.00 |  |  |  | 8,210 |
|  |  |  |  |  |  |  |  |  |  |  | 16,636 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 16,695 |
* Dividends were declared based on total amount paid up. Our dividends declared after December 31, 2022 are detailed as follows:
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock(*) |  |  |  |  |  |  |  |  |  |  |  |
Series IV |  | January 31, 2023 |  | February 27, 2023 |  | March 15, 2023 |  |  | — |  |  |  | 12 |
Voting Preferred Stock |  | March 2, 2023 |  | March 17, 2023 |  | April 15, 2023 |  |  | — |  |  |  | 2 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 23, 2023 |  | April 11, 2023 |  | April 21, 2023 |  |  | 45 |  |  |  | 9,722 |
Special Dividend |  | March 23, 2023 |  | April 11, 2023 |  | April 21, 2023 |  |  | 14 |  |  |  | 3,025 |
|  |  |  |  |  |  |  |  |  |  |  | 12,747 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 12,761 |
* Dividends were declared based on total amount paid up.
Disclosure of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration Explanatory | The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2022:
|  |  | (in million pesos) |
Parent Company's unappropriated retained earnings available for dividends at beginning of the year |  |  | 37,249 |
Adjustments: Unrealized gains in prior years: |  |  |
Fair value adjustments of investment property resulting to gain |  |  | (1,172 | )
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) |  |  | (2,362 | )
Fair value adjustments (mark-to-market gains) |  |  | (4,211 | )
Parent Company's unappropriated retained earnings available for dividends as at January 1, 2021 |  | 29,504 |
Add: Net income actually earned/realized during the year |  |
Parent Company’s net income for the year |  |  |  |  | 13,565 |
Less: Non-actual/unrealized income - net of tax |  |  |
Fair value adjustment of investment property resulting to gain |  |  |  |  | (95 | )
Fair value adjustments (mark-to-market gains) |  |  | (1,473 | )
|  |  | 11,997 |
Less: Cash dividends declared during the year |  |  |
Preferred stock |  |  | (59 | )
Common stock |  |  | (25,279 | )
|  |  | (25,338 | )
Parent Company's unappropriated retained earnings available for dividends as at December 31, 2022 |  |  | 16,163 |

X
- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 79 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_79_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDividendsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_EquityAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of consolidated retained earnings available for dividend declaration. + References No definition available. + Details
Name: | phi_DisclosureOfReconciliationOfConsolidatedRetainedEarningsAvailableForDividendDeclarationExplanatory
Namespace Prefix: | phi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration