|
23. |
Accounts Payable |
As at December 31, 2017 and 2016, this account consists of:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Suppliers and contractors (Note 28) |
|
|
54,196 |
|
|
|
46,820 |
|
|
Carriers and other customers (Note 28) |
|
|
2,083 |
|
|
|
2,422 |
|
|
Taxes (Note 27) |
|
|
1,952 |
|
|
|
1,972 |
|
|
Related parties (Notes 25 and 28) |
|
|
451 |
|
|
|
290 |
|
|
Others |
|
|
1,763 |
|
|
|
1,446 |
|
|
|
|
|
60,445 |
|
|
|
52,950 |
|
Accounts payable are non-interest-bearing and are normally settled within 180 days.
For terms and conditions pertaining to the payables to related parties, see Note 25 – Related Party Transactions.
For detailed discussion on the PLDT Group’s liquidity risk management processes, see Note 28 – Financial Assets and Liabilities – Liquidity Risk.