XML 60 R49.htm IDEA: XBRL DOCUMENT
v3.24.1

Trade and Other Receivables (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Trade and other receivables [abstract] |
Summary of Trade and Other Receivables | As at December 31, 2023 and 2022, this account consists of receivables from:
|  | 2023 |  |  | 2022 |
|  | (in million pesos) |
Retail subscribers (Note 27) |  |  | 19,894 |  |  |  | 17,216 |
Corporate subscribers (Note 27) |  |  | 15,934 |  |  |  | 15,151 |
Foreign administrations (Note 27) |  |  | 1,250 |  |  |  | 1,058 |
Domestic carriers (Note 27) |  |  | 188 |  |  |  | 296 |
Dealers, agents and others (Note 27) |  |  | 6,035 |  |  |  | 6,195 |
|  |  | 43,301 |  |  |  | 39,916 |
Less: Allowance for expected credit losses |  |  | 17,215 |  |  |  | 13,661 |
|  |  | 26,086 |  |  |  | 26,255 |
The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
|  | (in million pesos) |
Financial assets at fair value through profit or loss |  |  | 578 |  |  |  | 432 |
Derivative financial assets – net of current portion |  |  | 96 |  |  |  | 81 |
Short-term investments |  |  | 269 |  |  |  | 254 |
Total |  |  | 943 |  |  |  | 767 |
Summary of Changes in the Allowance for Expected Credit Losses | The following table explains the changes in the allowance for expected credit losses as at December 31, 2023 and 2022:
| 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) |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  | 1,866 |  |  | 5,023 |  |  |  | 1,717 |  |  | 3,382 |  |  |  | 1 |  |  | 133 |  |  |  | — |  |  | 1 |  |  |  | 652 |  |  | 886 |  |  |  | 4,236 |  |  | 9,425 |  |  | 13,661 |
Provisions and other adjustments from continuing operations (Notes 3 and 5) |  | (394 | ) |  | 3,716 |  |  |  | 335 |  |  | 451 |  |  |  | — |  |  | (4 | ) |  |  | — |  |  | — |  |  |  | 10 |  |  | 5 |  |  |  | (49 | ) |  | 4,168 |  |  | 4,119 |
Provisions and other adjustments from discontinued operations (Notes 2 and 3) |  | — |  |  | — |  |  |  | 4 |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | 4 |  |  | — |  |  | 4 |
Translation adjustments |  | — |  |  | — |  |  |  | (3 | ) |  | (1 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | (3 | ) |  | (1 | ) |  | (4 | )
Write-offs |  | — |  |  | (506 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | (506 | ) |  | (506 | )
Reclassifications and reversals |  | (24 | ) |  | 17 |  |  |  | 73 |  |  | (12 | ) |  |  | 7 |  |  | (13 | ) |  |  | — |  |  | — |  |  |  | (54 | ) |  | (53 | ) |  |  | 2 |  |  | (61 | ) |  | (59 | )
Balances at end of the year |  | 1,448 |  |  | 8,250 |  |  |  | 2,126 |  |  | 3,820 |  |  |  | 8 |  |  | 116 |  |  |  | — |  |  | 1 |  |  |  | 608 |  |  | 838 |  |  |  | 4,190 |  |  | 13,025 |  |  | 17,215 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at beginning of the year |  | 1,573 |  |  | 6,466 |  |  |  | 1,378 |  |  | 3,330 |  |  |  | — |  |  | 121 |  |  |  | — |  |  | 14 |  |  |  | 87 |  |  | 866 |  |  |  | 3,038 |  |  | 10,797 |  |  | 13,835 |
Provisions and other adjustments from continuing operations (Notes 2, 3 and 5) |  | 782 |  |  | 3,420 |  |  |  | 397 |  |  | 489 |  |  |  | 1 |  |  | 33 |  |  |  | — |  |  | (13 | ) |  |  | 3 |  |  | 14 |  |  |  | 1,183 |  |  | 3,943 |  |  | 5,126 |
Provisions and other adjustments from discontinued operations (Notes 2, 3 and 5) |  | — |  |  | — |  |  |  | 30 |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | 30 |  |  | — |  |  | 30 |
Reclassifications and reversals |  | (489 | ) |  | 578 |  |  |  | (129 | ) |  | (27 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | 562 |  |  | 6 |  |  |  | (56 | ) |  | 557 |  |  | 501 |
Translation adjustments |  | — |  |  | — |  |  |  | 41 |  |  | 24 |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | 41 |  |  | 24 |  |  | 65 |
Write-offs |  | — |  |  | (5,441 | ) |  |  | — |  |  | (434 | ) |  |  | — |  |  | (21 | ) |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | (5,896 | ) |  | (5,896 | )
Balances at end of the year |  | 1,866 |  |  | 5,023 |  |  |  | 1,717 |  |  | 3,382 |  |  |  | 1 |  |  | 133 |  |  |  | — |  |  | 1 |  |  |  | 652 |  |  | 886 |  |  |  | 4,236 |  |  | 9,425 |  |  | 13,661 |

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about the credit quality of financial assets that are neither past due (a counterparty has failed to make a payment when contractually due) nor impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expired 2023-01-01 -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 36 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2023-03-23 + Details
Name: | ifrs-full_InformationAboutCreditQualityOfNeitherPastDueNorImpairedFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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