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MERALCO
CONSOLIDATED STATEMENTS OF INCOME
AS OF DECEMBER 31, 2015 AND 2014
(IN MILLION PESOS)
REVENUES
Sale of electricity
Sale of other services
TOTAL REVENUES
COSTS AND EXPENSES
Purchased power
Salaries, wages and employee benefits
Provision for probable losses and expenses from claims
Depreciation and amortization
Contracted services
Provision for doubtful accounts -net
Taxes, fees and permits
Other expenses
TOTAL COST AND EXPENSES
2015
2014
124,913
13,603
1,538
11,296
35,594
186,944
120,830
14,532
1,526
7,089
12,464
156,441
50,840
26,761
2,273
15,421
95,295
282,239
69,469
30,629
2,212
10,302
112,612
269,053
11,273
4,111
11,273
(8)
4,111
(328)
1,049
102
(72)
(12)
(328)
1,049
112
355
(20)
935
(11)
1,302
(11)
11,000
52,229
80,276
585
80,861
11,000
50,319
79,154
320
79,474
27,370
23,584
3,620
21,014
4,234
17
28,324
108,163
27,743
24,344
4,887
16,073
7,006
5
25,993
106,051
1,043
79,557
5,550
1,883
3,287
1,895
93,215
201,378
282,239
400
73,624
5,937
1,668
1,899
83,528
189,579
269,053
2015
2014
249,773
8,626
258,399
261,740
4,596
266,336
192,117
12,420
11,628
6,910
4,668
502
595
6,151
234,991
203,242
11,008
10,720
6,093
4,292
460
662
3,765
240,242
1,538
(1,216)
367
(27)
806
1,468
24,876
770
(1,439)
8
295
740
374
26,468
9,732
(4,045)
5,687
9,961
(1,624)
8,337
19,189
18,131