SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED
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
Dec 31, 2017
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DOUBLEDRAGON PROPERTIES CORP.
5. Province, country or other jurisdiction of incorporation or organization
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area corner EDSA Extension Avenue and Macapagal Boulevard Brgy 76 Zone 10 San Rafael Pasay CityPostal Code1302
8. Issuer's telephone number, including area code
(632) 856-7111
9. Former name or former address, and former fiscal year, if changed since last report
N/A
10. 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
2,229,730,000
Preferred
100,000,000
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 EXCHANGE; COMMON SHARES and PREFERRED SHARES
12. Check whether the issuer:
(a) 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 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
13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form
P22,677,283,537
APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS
14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.
Yes
No
DOCUMENTS INCORPORATED BY REFERENCE
15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated:
(a) Any annual report to security holders
Consolidated Financial Statements for the period ending December 31, 2017
(b) Any information statement filed pursuant to SRC Rule 20
N/A
(c) Any prospectus filed pursuant to SRC Rule 8.1
N/A
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.
DoubleDragon Properties Corp.DD
PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Section 17.2 and 17.8 of the Revised Disclosure Rules
For the fiscal year ended
Dec 31, 2017
Currency
Peso
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2017
Dec 31, 2016
Current Assets
14,265,421,938
13,718,556,436
Total Assets
64,329,317,126
50,053,491,266
Current Liabilities
8,755,493,326
7,589,999,405
Total Liabilities
42,013,556,474
29,835,187,680
Retained Earnings/(Deficit)
2,571,883,195
1,578,127,905
Stockholders' Equity
22,315,760,652
20,218,303,586
Stockholders' Equity - Parent
14,154,969,948
13,156,736,008
Book Value Per Share
5.52
4.47
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2017
Dec 31, 2016
Gross Revenue
6,611,912,768
3,711,715,948
Gross Expense
2,576,993,174
1,807,038,021
Non-Operating Income
4,464,120,619
2,408,235,831
Non-Operating Expense
1,935,082,087
1,228,354,509
Income/(Loss) Before Tax
4,034,919,594
1,904,677,927
Income Tax Expense
1,508,559,759
434,369,406
Net Income/(Loss) After Tax
2,526,359,835
1,470,308,521
Net Income/(Loss) Attributable to Parent Equity Holder
1,646,013,940
1,079,113,320
Earnings/(Loss) Per Share (Basic)
0.45
0.26
Earnings/(Loss) Per Share (Diluted)
0.45
0.26
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2017
Dec 31, 2016
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
1.63
1.8
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
1.18
1.37
Solvency Ratio
Total Assets / Total Liabilities
1.53
1.67
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
0.51
0.48
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
1.48
1.19
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
2.52
2.13
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
2.88
2.48
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales
48.2%
55.6%
Net Profit Margin
Net Profit / Sales
24.9%
29.1%
Return on Assets
Net Income / Total Assets
0.03
0.02
Return on Equity
Net Income / Total Stockholders' Equity
12.1%
13.6%
Price/Earnings Ratio
Price Per Share / Earnings Per Common Share
88.77
146.46
Other Relevant Information
Amended to correct the typographical error on the amount of the Current portion of Income Tax Expense in the Consolidated Statements of Comprehensive Income in the attached Audited Consolidated Financial Statements.