|
17. |
Trade and Other Receivables |
As at December 31, 2017 and 2016, this account consists of receivables from:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Retail subscribers (Note 28) |
|
|
17,961 |
|
|
|
20,290 |
|
|
Corporate subscribers (Notes 25 and 28) |
|
|
9,641 |
|
|
|
9,333 |
|
|
Foreign administrations (Note 28) |
|
|
6,517 |
|
|
|
5,819 |
|
|
Domestic carriers (Notes 25 and 28) |
|
|
457 |
|
|
|
354 |
|
|
Dealers, agents and others (Notes 25 and 28) |
|
|
13,686 |
|
|
|
7,428 |
|
|
|
|
|
48,262 |
|
|
|
43,224 |
|
|
Less allowance for doubtful accounts (Notes 5 and 28) |
|
|
14,501 |
|
|
|
18,788 |
|
|
|
|
|
33,761 |
|
|
|
24,436 |
|
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 from affiliates.
Trade receivables are non-interest-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 25 – Related Party Transactions for the summary of transactions with related parties and Note 28 – Financial Assets and Liabilities – Credit Risk 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.
Changes in the allowance for doubtful accounts for the years ended December 31, 2017 and 2016 are as follows:
|
|
|
Total |
|
|
Retail Subscribers |
|
|
Corporate Subscribers |
|
|
Foreign Administrations |
|
|
Domestic Carriers |
|
|
Dealers, Agents and Others |
|
||||||
|
|
|
(in million pesos) |
|
|||||||||||||||||||||
|
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of the year |
|
|
18,788 |
|
|
|
12,588 |
|
|
|
3,827 |
|
|
|
628 |
|
|
|
134 |
|
|
|
1,611 |
|
|
Provisions (reversals) and other adjustments |
|
|
(1,029 |
) |
|
|
(1,166 |
) |
|
|
15 |
|
|
|
310 |
|
|
|
(59 |
) |
|
|
(129 |
) |
|
Write-offs |
|
|
(3,258 |
) |
|
|
(2,644 |
) |
|
|
(538 |
) |
|
|
— |
|
|
|
— |
|
|
|
(76 |
) |
|
Balance at end of the year |
|
|
14,501 |
|
|
|
8,778 |
|
|
|
3,304 |
|
|
|
938 |
|
|
|
75 |
|
|
|
1,406 |
|
|
Individual impairment |
|
|
10,160 |
|
|
|
5,747 |
|
|
|
3,177 |
|
|
|
104 |
|
|
|
51 |
|
|
|
1,081 |
|
|
Collective impairment |
|
|
4,341 |
|
|
|
3,031 |
|
|
|
127 |
|
|
|
834 |
|
|
|
24 |
|
|
|
325 |
|
|
|
|
|
14,501 |
|
|
|
8,778 |
|
|
|
3,304 |
|
|
|
938 |
|
|
|
75 |
|
|
|
1,406 |
|
|
Gross amount of receivables individually impaired, before deducting any impairment allowance |
|
|
10,160 |
|
|
|
5,747 |
|
|
|
3,177 |
|
|
|
104 |
|
|
|
51 |
|
|
|
1,081 |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of the year |
|
|
15,921 |
|
|
|
9,540 |
|
|
|
4,451 |
|
|
|
315 |
|
|
|
86 |
|
|
|
1,529 |
|
|
Provisions (reversals) and other adjustments |
|
|
5,305 |
|
|
|
4,843 |
|
|
|
(71 |
) |
|
|
359 |
|
|
|
60 |
|
|
|
114 |
|
|
Write-offs |
|
|
(2,438 |
) |
|
|
(1,795 |
) |
|
|
(553 |
) |
|
|
(46 |
) |
|
|
(12 |
) |
|
|
(32 |
) |
|
Balance at end of the year |
|
|
18,788 |
|
|
|
12,588 |
|
|
|
3,827 |
|
|
|
628 |
|
|
|
134 |
|
|
|
1,611 |
|
|
Individual impairment |
|
|
14,970 |
|
|
|
9,789 |
|
|
|
3,711 |
|
|
|
87 |
|
|
|
113 |
|
|
|
1,270 |
|
|
Collective impairment |
|
|
3,818 |
|
|
|
2,799 |
|
|
|
116 |
|
|
|
541 |
|
|
|
21 |
|
|
|
341 |
|
|
|
|
|
18,788 |
|
|
|
12,588 |
|
|
|
3,827 |
|
|
|
628 |
|
|
|
134 |
|
|
|
1,611 |
|
|
Gross amount of receivables individually impaired, before deducting any impairment allowance |
|
|
14,970 |
|
|
|
9,789 |
|
|
|
3,711 |
|
|
|
87 |
|
|
|
113 |
|
|
|
1,270 |
|