CR07359-2016

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
Sep 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 Sep 30, 2016
Currency (indicate units, if applicable) PhP in Millions
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Sep 30, 2016 Dec 31, 2015
Current Assets 77,743 95,295
Total Assets 286,572 282,239
Current Liabilities 98,515 93,215
Total Liabilities 216,929 201,378
Retained
Earnings/(Deficit)
50,637 63,229
Stockholders' Equity 69,643 80,861
Stockholders' Equity - Parent 68,907 80,276
Book Value per Share 61.8 71.75
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 64,366 61,207 189,135 191,496
Other Revenue 1,994 1,832 6,029 5,551
Gross Revenue 66,360 63,039 195,164 197,047
Operating Expense 60,102 57,555 174,941 175,345
Other Expense -722 -740 -1,768 -1,252
Gross Expense 59,380 56,815 173,173 174,093
Net Income/(Loss) Before Tax 6,980 6,224 21,991 22,954
Income Tax Expense 2,035 1,798 6,171 6,738
Net Income/(Loss) After Tax 4,945 4,426 15,820 16,216
Net Income Attributable to
Parent Equity Holder
4,908 4,402 15,676 16,149
Earnings/(Loss) Per Share
(Basic)
4.35 3.91 13.91 14.33
Earnings/(Loss) Per Share
(Diluted)
4.35 3.91 13.91 14.33
Other Relevant Information

Refer to attached disclosure.

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