CR05722-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Jun 30, 2016
2. SEC Identification Number
PW-102
3. BIR Tax Identification No.
000-101-528-000
4. Exact name of issuer as specified in its charter
Manila Electric Company
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(+632) 631-5567
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock 1,127,098,705
Debt Securities (Bonds in Billion PhP) 18.5
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Manila Electric CompanyMER

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Jun 30, 2016
Currency (indicate units, if applicable) Php (in Million)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2016 Dec 31, 2015
Current Assets 83,070 95,295
Total Assets 293,196 282,239
Current Liabilities 98,498 93,215
Total Liabilities 213,282 201,378
Retained
Earnings/(Deficit)
60,922 63,229
Stockholders' Equity 79,914 80,861
Stockholders' Equity - Parent 79,216 80,276
Book Value per Share 70.91 71.75
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 66,918 69,216 124,769 130,289
Other Revenue 1,713 2,202 4,035 3,719
Gross Revenue 68,631 71,418 128,804 134,008
Operating Expense 60,902 61,664 114,839 117,790
Other Expense -912 -611 -1,046 -512
Gross Expense 59,990 61,053 113,793 117,278
Net Income/(Loss) Before Tax 8,641 10,365 15,011 16,730
Income Tax Expense 2,337 3,013 4,136 4,940
Net Income/(Loss) After Tax 6,304 7,352 10,875 11,790
Net Income Attributable to
Parent Equity Holder
6,221 7,326 10,768 11,747
Earnings/(Loss) Per Share
(Basic)
5.52 6.5 9.55 10.42
Earnings/(Loss) Per Share
(Diluted)
5.52 6.5 9.55 10.42
Other Relevant Information

Please see attached report.

Filed on behalf by:
Name William Pamintuan
Designation First Vice President/ Assistant Corporate Secretary/ Head, Legal & Corporate Governance