CR05553-2014

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, 2014
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
16220, (02) 632-8014
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 1,127,271,117
Amount of Debt Outstanding 33,173,650,679
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, 2014
Currency (indicate units, if applicable) Philippine Peso (in M)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2014 Dec 31, 2013
Current Assets 108,857 107,486
Total Assets 263,745 264,004
Current Liabilities 77,859 94,626
Total Liabilities 186,016 188,669
Retained
Earnings/(Deficit)
59,565 57,197
Stockholders' Equity 77,729 75,335
Stockholders' Equity - Parent 77,409 75,162
Book Value per Share 68.97 66.85
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 75,675 75,536 129,720 139,697
Other Revenue 1,384 1,358 2,448 2,017
Gross Revenue - - - -
Operating Expense 68,774 69,704 117,964 128,964
Other Expense 168 -419 314 -532
Gross Expense 68,942 69,285 118,278 128,432
Net Income/(Loss) Before Tax 8,117 7,609 13,890 13,282
Income Tax Expense 2,468 2,172 4,214 3,808
Net Income/(Loss) After Tax 5,649 5,437 9,676 9,474
Net Income Attributable to
Parent Equity Holder
5,629 5,417 9,637 9,441
Earnings/(Loss) Per Share
(Basic)
4.99 4.81 8.55 8.38
Earnings/(Loss) Per Share
(Diluted)
4.99 4.81 8.55 8.38
Other Relevant Information

The Company does not present cost of services/ sales on the face of the consolidated statements of income thus gross revenue is not applicable.

Refer to attached disclosure (SEC Form 17-Q).

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