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, 2023
2. SEC Identification Number
CS201010780
3. BIR Tax Identification No.
007-813-849-000
4. Exact name of issuer as specified in its charter
Citicore Energy REIT Corp.
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
11F Rockwell Santolan Town Plaza, 276 Col. Bonny Serrano Avenue, San Juan CityPostal Code1500
8. Issuer's telephone number, including area code
(02) 8826-5698
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
6,545,454,004
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
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
PhP16,756,362,250.24
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
Audited Financial Statements and Schedules; Sustainability Report
(b) Any information statement filed pursuant to SRC Rule 20
-
(c) Any prospectus filed pursuant to SRC Rule 8.1
-
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.
Citicore Energy REIT Corp.CREIT
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, 2023
Currency
Philippine Peso
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2023
Dec 31, 2022
Current Assets
882,880,243
660,000,937
Total Assets
9,722,967,242
5,112,029,667
Current Liabilities
425,633,542
387,326,002
Total Liabilities
5,253,722,841
757,972,659
Retained Earnings/(Deficit)
525,494,267
410,306,874
Stockholders' Equity
4,469,244,401
4,354,057,008
Stockholders' Equity - Parent
4,469,244,401
4,354,007,008
Book Value Per Share
0.68
0.67
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2023
Dec 31, 2022
Gross Revenue
1,798,186,978
1,374,529,631
Gross Expense
103,045,990
91,269,041
Non-Operating Income
19,245,257
3,377,749
Non-Operating Expense
316,289,869
26,024,999
Income/(Loss) Before Tax
1,398,096,376
1,260,613,340
Income Tax Expense
-
8,200,316
Net Income/(Loss) After Tax
1,398,096,376
1,252,413,024
Net Income/(Loss) Attributable to Parent Equity Holder
1,398,096,376
1,252,413,024
Earnings/(Loss) Per Share (Basic)
0.21
0.2
Earnings/(Loss) Per Share (Diluted)
-
-
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2023
Dec 31, 2022
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
2.07
1.7
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
1.6
1.61
Solvency Ratio
Total Assets / Total Liabilities
0.33
-
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
0.46
0
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
1
0
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
5.75
76.28
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
2.18
1.17
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales