SECURITIES AND EXCHANGE COMMISSIONSEC 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 Mar 31, 20222. SEC Identification Number PW000001793. BIR Tax Identification No. 0004880510004. Exact name of issuer as specified in its charter PHILIPPINE RACING CLUB, INC.5. Province, country or other jurisdiction of incorporation or organization PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office Saddle and Clubs Leisure Park, Brgy. Sabang, Naic, CavitePostal Code41108. Issuer's telephone number, including area code 632 880520919. Former name or former address, and former fiscal year, if changed since last report NA10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON
546,627,296
11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: PHILIPPINE STOCK EXCHANGE12. Indicate by check mark whether the registrant:
(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 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 twelve (12) months (or for such shorter period that the registrant was required to file such reports)
Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Philippine Racing Club, Inc.PRC
PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the period ended
Mar 31, 2022
Currency (indicate units, if applicable)
PHILIPPINE PESO
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2022
Dec 31, 2021
Current Assets
2,650,654,666
2,749,529,605
Total Assets
6,825,584,104
6,912,595,803
Current Liabilities
1,035,979,610
1,123,687,794
Total Liabilities
1,672,978,765
1,757,440,775
Retained
Earnings/(Deficit)
4,348,424,273
4,352,907,302
Stockholders' Equity
5,152,605,340
5,155,155,028
Stockholders' Equity - Parent
5,162,810,047
5,165,359,735
Book Value per Share
9.44
9.45
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue
51,965,664
63,724,943
51,965,664
63,724,943
Gross Expense
60,126,546
86,731,726
60,126,546
86,731,726
Non-Operating Income
2,700,154
35,403,108
2,700,154
35,403,108
Non-Operating Expense
3,601,407
3,647,796
3,601,407
3,647,796
Income/(Loss) Before Tax
-9,062,135
8,748,529
-9,062,135
8,748,529
Income Tax Expense
-4,579,106
25,384,806
-4,579,106
25,384,806
Net Income/(Loss) After Tax
-4,483,029
-16,636,277
-4,483,029
-16,636,277
Net Income Attributable to
Parent Equity Holder
-2,549,689
114,288,840
-2,549,689
114,288,840
Earnings/(Loss) Per Share
(Basic)
-0.01
-0.03
-0.01
-0.03
Earnings/(Loss) Per Share
(Diluted)
-0.01
-0.03
-0.01
-0.03
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)
-0.5
-0.32
Earnings/(Loss) Per Share (Diluted)
-0.5
-0.32
Other Relevant Information
-We need to amend the initial report disclosure to correct the Net income (loss) attributable to parent equity holder to reflect the effect of Other Comprehensive Income for the reporting periods. All other information reflected in the initial report disclosure remain the same.
Filed on behalf by:
Name
Allan Abesamis
Designation
Executive Vice President & Chief Finance Officer
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Philippine Racing Club Inc. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 23:22:01 UTC.
Philippine Racing Club, Inc. is a Philippines-based company, which is primarily engaged in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations located within Metro Manila and other parts of the country. The Company is also engaged in acquiring and developing real estate property, including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. It operates through four segments. Real Estate Operations segment is engaged in real estate business, such as development and sale of land and condominium units. Club Racing Operations segment is engaged in the operation and maintenance of racetracks and holding of horse races. Leasing segment is mainly engaged in the leasing of horse stables, condominium units, and other facilities. Sale of Food, Beverage and Services segment is involved in merchandising operations of food and non-food items, including the related services.