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Manila Electric Co (PHS:MER) PensionAndRetirementBenefit : ₱11,731 Mil (As of Jun. 2024)


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What is Manila Electric Co PensionAndRetirementBenefit?

Manila Electric Co's PensionAndRetirementBenefit for the quarter that ended in Jun. 2024 was ₱11,731 Mil.

Manila Electric Co's quarterly PensionAndRetirementBenefit increased from Dec. 2023 (₱10,263 Mil) to Mar. 2024 (₱11,043 Mil) and increased from Mar. 2024 (₱11,043 Mil) to Jun. 2024 (₱11,731 Mil).

Manila Electric Co's annual PensionAndRetirementBenefit declined from Dec. 2021 (₱10,257 Mil) to Dec. 2022 (₱2,893 Mil) but then increased from Dec. 2022 (₱2,893 Mil) to Dec. 2023 (₱10,263 Mil).

Manila Electric Co PensionAndRetirementBenefit Historical Data

The historical data trend for Manila Electric Co's PensionAndRetirementBenefit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Manila Electric Co PensionAndRetirementBenefit Chart

Manila Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PensionAndRetirementBenefit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,882.00 15,327.00 10,257.00 2,893.00 10,263.00

Manila Electric Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
PensionAndRetirementBenefit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,849.00 4,423.00 10,263.00 11,043.00 11,731.00

Manila Electric Co PensionAndRetirementBenefit Calculation

PensionAndRetirementBenefit is the carrying amount as of the balance sheet date of the portion of the obligations recognized for the various benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement.

Manila Electric Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (PHS:MER) » Definitions » PensionAndRetirementBenefit
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Traded in Other Exchanges
N/A
Address
Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605
Website
https://www.meralco.com.ph
Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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