SM Prime : 2022 3Q Financial Statements (Amended)

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

1

7

-

Q

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.

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 SEPTEMBER 30, 2022
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	number, including area code
	Registrant's telephone

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

Title of Each Class	Number of Shares of Common Stock
Outstanding and Amount of Debt Outstanding
Common shares P1 Par Value	28,879,231,694
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 September 30, 2022

and for the Three-Month and Nine-Month Periods Ended September 30, 2022 and 2021 (with Comparative Audited Consolidated Balance Sheet as at December 31, 2021)

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.