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Supercity Realty SEC Annual Report 2017

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0% found this document useful (0 votes)
63 views2 pages

Supercity Realty SEC Annual Report 2017

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-A

ANNUAL REPORT PURSUANT TO SECTION 17


OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES

1. For the fiscal year ended DECEMBER 31, 2017

2. SEC Identification Number A200008385 3. BIR Tax Identification No. 206-816-824

4. Exact name of issuer as specified in its charter


SUPERCITY REALTY DEVELOPMENT CORPORATION

5. METRO MANILA, PHILIPPINES 6. (SEC Use Only)


Province, Country or other jurisdiction of Industry Classification Code:
incorporation or organization
ST
7. 41 FLOOR JOY NOSTALG CENTER, #17 ADB AVE.
ORTIGAS CENTER, PASIG CITY 1605
Address of principal office Postal Code

8. (632)6387779
Issuer's telephone number, including area code

9. N/A
Former name, former address, and former fiscal year, if changed since last report.

10. Securities registered pursuant to Sections 8 and 12 of the SRC, or Sec. 4 and 8 of the RSA

Title of Each Class Number of Shares of Common Stock


Outstanding and Amount of Debt Outstanding

COMMON SHARES – P 1 par value No. of Shares Amount


Authorized 155,000,000 155,000,000.00
Issued 110,000,000 110,000,000.00
Subscribed 110,000,000 110,000,000.00

11. Are any or all of these securities listed on a Stock Exchange.

Yes [X] No [ ]

If yes, state the name of such stock exchange and the classes of securities listed therein:
PHILIPPINE STOCK EXCHANGE COMMON STOCK

SEC Form 17-A_FY 2017.docx -2-


February 2001
17. PCD Nominee Corporation 1,510,000 1.37
18. Aileen Gabrentina 20,000 0.02
19. Divinagracia Ayento 20,000 0.02
20. Dexter Aviles 20,000 0.02

Dividends

For the last two most recent fiscal years, the Company has not declared any cash dividends on its
common equity. Future dividends will depend on the income, cash flow and financial condition of the
Company particularly on the unrestricted retained earnings.

Recent Sales of Unregistered Securities

Within the past three (3) years, the Company has not sold any unregistered or exempt securities, nor
did it issue securities constituting an exempt transaction.

Item 6. Management's Discussion and Analysis

The following management’s discussion and analysis of past performance should be read in conjunction
with the financial statements included in Item 7 of this report.

Financial Highlights

Amounts are in thousand pesos except per share figures

Key Operating and Financial Audited Figures


Indicators 2017 2016
Income Statement Data
Revenues 35,866 12,843
Cost and Expenses 31,399 10,767
Income/(loss) From Operations 4,467 2,076
Net/(loss) Income 886 (371)
Balance Sheet Data
Current Assets 41,112 37,582
Property and Equipment - -
Held-to-maturity Investment - -
Total Assets 41,112 37,582
Total Liabilities 35,790 33,146
Stockholders’ Equity 5,322 4,436
Per Share Data
Earnings (Loss) per Share* 0.008 0.005
Book Value per Share** 0.048 0.040
* Based on Weighted Ave. No. of Outstanding Common Shares
** Based on Outstanding Common Shares as of Year-end

In compliance with the pronouncements of the Accounting Standards Council (AS) and the regulations
of the Securities and Exchange Commission (SEC), the Company has adopted all the relevant
Philippine Financial Reporting Standards (PFRS) for the first time in its financial statements for the year
ended December 31, 2005, with January 1, 2004 as its transition date. The transition from the previous
generally accepted accounting principles (GAAP) in the Philippines to PFRSs has been made in
accordance with PFRS 1, First-time Adoption of Philippine Financial Reporting Standards.

The Company, also under PFRS, recognized its obligation under post-employment defined benefit plan
computed by an actuary determined using the projected unit credit method. The adoption of the related
new standard resulted in the recognition of transitional liability amounting to P 965,022 as of January 1,

SEC Form 17-A_FY 2017.docx - 15 -


February 2001

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