C O V E R S H E E T | ||||||||||||||||||||||||||||||||||||||
SEC Registration Number | ||||||||||||||||||||||||||||||||||||||
A | S | 0 | 9 | 4 | - | 0 | 0 | 0 | 0 | 8 | 8 | |||||||||||||||||||||||||||
C O M P A N Y N A M E | ||||||||||||||||||||||||||||||||||||||
S | M | P | R | I | M | E | H | O | L | D | I | N | G | S | , | I | N | C | . | A | N | D | S | U | ||||||||||||||
B | S | I | D | I | A | R | I | E | S | |||||||||||||||||||||||||||||
PRINCIPAL OFFICE ( No. / Street / Barangay / City / Town / Province )
1 | 0 | t | h | F | l | o | o | r | M | a | l | l | o | f | A | s | i | a | A | r | e | n | a | ||||||||
A | n | n | e | x | B | u | i | l | d | i | n | g | , | C | o | r | a | l | W | a | y | c | o | r | . | ||||||
J | . | W | . | D | i | o | k | n | o | B | l | v | d | . | , | M | a | l | l | o | f | A | s | ||||||||
i | a | C | o | m | p | l | e | x | , | B | r | g | y | . | 7 | 6 | , | Z | o | n | e | 1 | 0 | , | |||||||
C | B | P | - | 1 | A | , | P | a | s | a | y | C | i | t | y | , | P | h | i | l | i | p | p | i | n | ||||||
e | s | ||||||||||||||||||||||||||||||
Form Type | Department requiring the report | Secondary License Type, If Applicable | |||||||||||||||||||||||||||||
C O M P A N Y I N F O R M A T I O N | |||||||||||||||||||||||||||||||
Company's Email Address | Company's Telephone Number | Mobile Number | |||||||||||||||||||||||||||||
8831-1000 | |||||||||||||||||||||||||||||||
Annual Meeting | Fiscal Year | ||||||||||||||||||||||||||||||
No. of Stockholders | Month/Day | Month/Day | |||||||||||||||||||||||||||||
2,354 | September 30 | ||||||||||||||||||||||||||||||
CONTACT PERSON INFORMATION | |||||||||||||||||||||||||||||||
The designated contact person MUSTbe an Officer of the Corporation | |||||||||||||||||||||||||||||||
Name of Contact Person | Email Address | Telephone Number/s | Mobile Number | ||||||||||||||||||||||||||||
Mr. John Nai Peng C. Ong | 8831-1000 | ||||||||||||||||||||||||||||||
CONTACT PERSON's ADDRESS
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia
Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines
NOTE 1 : In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
2 : All Boxes must be properly and completely filled-up. Failure to do so shall cause the delay in updating the corporation's records with the Commission and/or non-receipt of Notice of Deficiencies. Further, non-receipt of Notice of Deficiencies shall not excuse the corporation from liability for its deficiencies.
SM PRIME HOLDINGS, INC. AND SUBSIDIARIES
INTERIM CONSOLIDATED BALANCE SHEET
September 30, 2022
(With Comparative Audited Figures as at December 31, 2021)
(Amounts in Thousands)
September 30, | December 31, | |
2022 | 2021 | |
(Unaudited) | (Audited) | |
ASSETS | ||
Current Assets | ||
Cash and cash equivalents (Notes 5, 17, 21 and 22) | P=59,661,192 | P=39,775,852 |
Receivables and contract assets (Notes 6, 17, 21 and 22) | 82,162,185 | 73,019,966 |
Real estate inventories (Note 7) | 69,763,192 | 56,575,047 |
Equity instruments at fair value through other comprehensive income | ||
(FVOCI) (Notes 8, 17, 21 and 22) | 539,780 | 547,041 |
Derivative assets (Notes 21 and 22) | 1,710,350 | 753,506 |
Prepaid expenses and other current assets (Notes 9, 17 and 22) | 25,079,521 | 24,993,357 |
Total Current Assets | 238,916,220 | 195,664,769 |
Noncurrent Assets | ||
Equity instruments at FVOCI - net of current portion | ||
(Notes 8, 17, 21 and 22) | 14,887,043 | 17,400,372 |
Investment properties - net (Notes 10 and 22) | 483,559,042 | 467,391,988 |
Investments in associates and joint ventures (Note 11) | 30,487,463 | 29,187,435 |
Deferred tax assets - net (Note 23) | 789,898 | 734,975 |
Derivative assets - net of current portion (Notes 21 and 22) | 8,716,026 | 1,043,670 |
Other noncurrent assets - net (Notes 12, 17, 21 and 22) | 96,413,130 | 92,980,071 |
Total Noncurrent Assets | 634,852,602 | 608,738,511 |
P=873,768,822 | =804,403,280P | |
LIABILITIES AND EQUITY | ||
Current Liabilities | ||
Loans payable (Notes 13, 17, 21 and 22) | P=8,512,838 | =6,487,427P |
Accounts payable and other current liabilities (Notes 14, 17, 21 and 22) | 83,557,991 | 91,377,717 |
Current portion of long-term debt (Notes 15, 17, 21 and 22) | 65,446,248 | 42,261,601 |
Derivative liabilities (Notes 21 and 22) | 638,050 | 335,367 |
Income tax payable | 606,312 | 563,387 |
Total Current Liabilities | 158,761,439 | 141,025,499 |
Noncurrent Liabilities | ||
Long-term debt - net of current portion (Notes 15, 17, 21 and 22) | 295,629,894 | 264,969,216 |
Tenants' and customers' deposits - net of current portion | ||
(Notes 14, 21 and 22) | 23,513,543 | 21,458,281 |
Liability for purchased land - net of current portion (Notes 14, 21 and 22) | 1,502,295 | 2,540,050 |
Deferred tax liabilities - net (Note 23) | 10,238,261 | 9,688,555 |
Derivative liabilities - net of current portion (Notes 21 and 22) | 72,497 | 1,748,186 |
Other noncurrent liabilities (Notes 14, 21 and 22) | 30,104,974 | 28,612,720 |
Total Noncurrent Liabilities | 361,061,464 | 329,017,008 |
Total Liabilities (Carried Forward) | 519,822,903 | 470,042,507 |
September 30, | December 31, | |
2022 | 2021 | |
(Unaudited) | (Audited) | |
Total Liabilities (Brought Forward) | P=519,822,903 | P=470,042,507 |
Equity Attributable to Equity Holders of the Parent | ||
Capital stock (Notes 16 and 24) | 33,166,300 | 33,166,300 |
Additional paid-in capital - net | 38,079,863 | 38,056,016 |
Cumulative translation adjustment | 2,694,224 | 3,083,184 |
Net fair value changes of equity instruments at FVOCI (Note 8) | 12,187,778 | 14,708,368 |
Net fair value changes on cash flow hedges (Note 22) | 2,523,010 | (432,883) |
Remeasurement loss on defined benefit obligation - net | (548,643) | (548,643) |
Retained earnings (Note 16): | ||
Appropriated | 42,200,000 | 42,200,000 |
Unappropriated | 224,884,061 | 205,671,557 |
Treasury stock (Notes 16 and 24) | (2,984,695) | (2,984,695) |
Total Equity Attributable to Equity Holders of the Parent | 352,201,898 | 332,919,204 |
Non-controlling Interests | 1,744,021 | 1,441,569 |
Total Equity | 353,945,919 | 334,360,773 |
P=873,768,822 | P=804,403,280 | |
See accompanying Notes to Interim Condensed Consolidated Financial Statements.
SM PRIME HOLDINGS, INC. AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF INCOME
(Amounts in Thousands, Except Per Share Data)
Three-Month Periods | Nine-Month Periods | ||||
Ended September 30 | Ended September 30 | ||||
2022 | 2021 | 2022 | 2021 | ||
(Unaudited) | (Unaudited) | ||||
REVENUES | |||||
Rent (Note 17) | P=15,346,771 | =7,856,174P | P=40,729,783 | =23,785,215P | |
Real estate sales | 9,810,035 | 7,400,731 | 27,518,237 | 31,493,527 | |
Others (Notes 17 and 18) | 2,171,956 | 491,968 | 5,425,092 | 1,558,241 | |
27,328,762 | 15,748,873 | 73,673,112 | 56,836,983 | ||
COSTS AND EXPENSES (Note 19) | 14,052,050 | 10,246,682 | 39,039,266 | 35,262,538 | |
INCOME FROM OPERATIONS | 13,276,712 | 5,502,191 | 34,633,846 | 21,574,445 | |
OTHER INCOME (CHARGES) | |||||
Interest expense (Notes 6, 13, 15, 17 and 20) | (3,253,755) | (2,503,083) | (7,074,809) | (6,089,802) | |
Interest and dividend income (Notes 5, 6, 8, 9, 12, 17 | |||||
and 20) | 457,162 | 245,972 | 1,165,254 | 685,112 | |
Others - net (Notes 11, 14 and 15) | (384,572) | 1,615,504 | (425,889) | 3,123,705 | |
(3,181,165) | (641,607) | (6,335,444) | (2,280,985) | ||
INCOME BEFORE INCOME TAX | 10,095,547 | 4,860,584 | 28,298,402 | 19,293,460 | |
PROVISION FOR INCOME TAX - NET (Note 23) | 2,035,112 | 878,463 | 5,864,523 | 3,622,242 | |
NET INCOME | P=8,060,435 | =3,982,121P | P=22,433,879 | =15,671,218P | |
Attributable to | |||||
Equity holders of the Parent (Notes 16 and 24) | P=7,903,652 | =3,979,167P | P=22,011,576 | =15,624,082P | |
Non-controlling interests (Note 16) | 156,783 | 2,954 | 422,303 | 47,136 | |
P=8,060,435 | =3,982,121P | P=22,433,879 | =15,671,218P | ||
Basic/Diluted earnings per share (Note 24) | P=0.274 | =0P .138 | P=0.763 | =0P | .541 |
Dividend per share (Note 16) | - | - | P=0.097 | =0P | .082 |
See accompanying Notes to Interim Condensed Consolidated Financial Statements.
SM PRIME HOLDINGS, INC. AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in Thousands)
Three-Month Periods | Nine-Month Periods | |||
Ended September 30 | Ended September 30 | |||
2022 | 2021 | 2022 | 2021 | |
(Unaudited) | (Unaudited) | |||
NET INCOME | P=8,060,435 | P=3,982,121 | P=22,433,879 | P=15,671,218 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Items that will not be reclassified to profit or loss in | ||||
subsequent periods: | ||||
Unrealized gain (loss) due to changes in fair value of | ||||
FVOCI securities (Note 8) | 207,709 | (120,401) | (2,520,590) | 236,481 |
Remeasurement loss on defined benefit obligation | - | - | - | (39,228) |
207,709 | (120,401) | (2,520,590) | 197,253 | |
Items that may be reclassified to profit or loss in | ||||
subsequent periods: | ||||
Net fair value changes on cash flow hedges | 1,027,034 | 74,325 | 2,955,893 | 319,290 |
Cumulative translation adjustment | 165,308 | 773,832 | (388,960) | 1,243,105 |
1,400,051 | 727,756 | 46,343 | 1,759,648 | |
TOTAL COMPREHENSIVE INCOME | P=9,460,486 | =4,709,877P | P=22,480,222 | =17,430,866P |
Attributable to | ||||
Equity holders of the Parent (Note 16) | P=9,303,703 | =4,706,923P | P=22,057,919 | =17,384,003P |
Non-controlling interests (Note 16) | 156,783 | 2,954 | 422,303 | 46,863 |
P=9,460,486 | =4,709,877P | P=22,480,222 | =17,430,866P | |
See accompanying Notes to Interim Condensed Consolidated Financial Statements.
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SM Prime Holdings Inc. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 07:53:00 UTC.