SM Prime : 2022 2Q Financial Statements

C O V E R S H E E T

SEC Registration Number

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C O M P A N Y N A M E

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Form Type

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Secondary License Type, If Applicable

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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

2,340

June 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.

SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended JUNE 30, 2023
2. SEC Identification Number AS094-000088
3. BIR Tax Identification No. 003-058-789
4. Exact name of registrant as specified in its charter SM PRIME HOLDINGS, INC.

5. PHILIPPINES	6. (SEC Use Only)
	Province, Country or other jurisdiction of	Industry Classification Code:
	incorporation or organization

7. 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	_1300_
Address of principal office	Postal Code

8. (632) 8831-1000

Registrant's telephone number, including area code

9. NA

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

		Number of Shares of Common Stock
	Title of Each Class	Outstanding and Amount of Debt Outstanding
Common shares P=1 Par Value	28,879,231,694
Debt Securities - Retail Bonds	P=142,932,740,000
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 Shares

12. Check whether the registrant:

1. has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding 12 months (or for such shorter period that the registrant was required to file such reports);

Yes [X] No [ ]

(b) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

SM Prime Holdings, Inc. and Subsidiaries

Unaudited Interim Condensed Consolidated

Financial Statements

As at June 30, 2023

(with Comparative Audited Consolidated

Balance Sheet as at December 31, 2022)

SM PRIME HOLDINGS, INC. AND SUBSIDIARIES

INTERIM CONSOLIDATED BALANCE SHEET

June 30, 2023

(With Comparative Audited Figures as at December 31, 2022)

(Amounts in Thousands)

	June 30,	December 31,
	2023	2022
	(Unaudited)	(Audited)
ASSETS
Current Assets
Cash and cash equivalents (Notes 5, 17, 20 and 21)	P=41,073,753	P=42,060,082
Receivables and contract assets (Notes 6, 12, 17, 20 and 21)	82,527,014	82,560,354
Real estate inventories (Notes 7 and 10)	71,461,228	70,500,025
Equity instruments at fair value through other comprehensive income (FVOCI)
(Notes 8, 20 and 21)	612,118	534,865
Derivative assets (Notes 20 and 21)	2,881,899	585,576
Prepaid expenses and other current assets (Note 9)	27,268,252	25,767,334
Total Current Assets	225,824,264	222,008,236
Noncurrent Assets
Equity instruments at FVOCI - net of current portion
(Notes 8, 17, 20 and 21)	19,948,073	17,077,198
Investment properties (Notes 10 and 21)	515,626,141	489,266,042
Investments in associates and joint ventures (Note 11)	31,607,068	30,578,320
Deferred tax assets - net (Note 22)	983,916	931,366
Derivative assets - net of current portion (Notes 20 and 21)	3,939,035	6,752,744
Other noncurrent assets (Notes 12, 17, 20 and 21)	116,128,753	107,600,746
Total Noncurrent Assets	688,232,986	652,206,416
	P=914,057,250	=874,214,652P
LIABILITIES AND EQUITY
Current Liabilities
Loans payable (Notes 13, 17, 20 and 21)	P=6,453,262	=5,422,524P
Accounts payable and other current liabilities (Notes 14, 17, 20 and 21)	91,674,815	88,122,597
Current portion of long-term debt (Notes 15, 17, 20 and 21)	63,520,028	50,839,776
Derivative liabilities (Notes 20 and 21)	44,441	19,496
Income tax payable	1,337,481	765,909
Total Current Liabilities	163,030,027	145,170,302
Noncurrent Liabilities
Long-term debt - net of current portion (Notes 15, 17, 20 and 21)	300,899,110	296,134,836
Tenants' and customers' deposits - net of current portion
(Notes 14, 20 and 21)	24,447,754	23,799,162
Liability for purchased land - net of current portion (Notes 14, 20 and 21)	1,078,983	1,129,719
Deferred tax liabilities - net (Note 22)	11,274,446	11,140,040
Derivative liabilities - net of current portion (Notes 20 and 21)	158,261	294,403
Other noncurrent liabilities (Notes 14, 20 and 21)	34,860,840	31,394,584
Total Noncurrent Liabilities	372,719,394	363,892,744
Total Liabilities (Carried Forward)	535,749,421	509,063,046

	June 30,	December 31,
	2023	2022
	(Unaudited)	(Audited)
Total Liabilities (Brought Forward)	P=535,749,421	P=509,063,046
Equity Attributable to Equity Holders of the Parent
Capital stock (Notes 16 and 23)	33,166,300	33,166,300
Additional paid-in capital - net	38,125,060	38,124,193
Cumulative translation adjustment	1,902,871	3,435,171
Net fair value changes of equity instruments at FVOCI (Note 8)	17,180,642	14,232,514
Net fair value changes on cash flow hedges (Note 21)	1,955,685	2,984,605
Remeasurement loss on defined benefit obligation - net	(928,882)	(928,882)
Retained earnings (Note 16):
Appropriated	42,200,000	42,200,000
Unappropriated	245,578,121	232,972,284
Treasury stock (Notes 16 and 23)	(2,984,695)	(2,984,695)
Total Equity Attributable to Equity Holders of the Parent	376,195,102	363,201,490
Non-controlling Interests	2,112,727	1,950,116
Total Equity	378,307,829	365,151,606
	P=914,057,250	P=874,214,652

See accompanying Notes to Interim Condensed Consolidated Financial Statements.