Manila Electric Co (PHS:MER) Construction In Progress : ₱49,201 Mil (As of Mar. 2024)

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What is Manila Electric Co Construction In Progress?

Manila Electric Co's quarterly construction in progress increased from Sep. 2023 (₱38,841 Mil) to Dec. 2023 (₱43,779 Mil) and increased from Dec. 2023 (₱43,779 Mil) to Mar. 2024 (₱49,201 Mil).

Manila Electric Co's annual construction in progress increased from Dec. 2021 (₱25,166 Mil) to Dec. 2022 (₱36,558 Mil) and increased from Dec. 2022 (₱36,558 Mil) to Dec. 2023 (₱43,779 Mil).

Manila Electric Co Construction In Progress Historical Data

The historical data trend for Manila Electric Co's Construction In Progress 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 Construction In Progress Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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17,340.00

25,822.00

25,166.00

36,558.00

43,779.00

Manila Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															37,793.00	39,481.00	38,841.00	43,779.00	49,201.00

Manila Electric Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Manila Electric Co (PHS:MER) Business Description

Industry

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MAEOY:USA

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 largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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