Nickel Asia : Annual Report

About this update from Nickel Asia Corp.

SECURITIES AND EXCHANGE COMMISSION SEC 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, 2021 2. SEC Identification Number CS200811530 3. BIR Tax Identification No. 007-085-191-000 4. Exact name of issuer as specified in its charter NICKEL ASIA CORPORATION 5. Province, country or other jurisdiction of incorporation or organization PHILIPPINES 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 28TH FLOOR NAC TOWER, 32ND STREET, BONIFACIO GLOBAL CITY, TAGUIG CITY Postal Code 1634 8. Issuer's telephone number, including area code +63 2 8892 6669 / +63 2 7798 7622 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 STOCK 13,630,850,117 SHORT-TERM AND LONG-TERM DEBTS (IN MILLION PHP) 2,449.30 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 STOCK 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 Php24,611,825,431 (4,600,341,202 shares at Php5.35 per share as at December 31, 2021) 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 N/A (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. Nickel Asia Corporation NIKL 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, 2021 Currency PHP (IN THOUSANDS) Balance Sheet Year Ending Previous Year Ending Dec 31, 2021 Dec 31, 2020 Current Assets 24,011,065 22,011,970 Total Assets 51,700,882 48,913,290 Current Liabilities 11,924,982 10,944,323 Total Liabilities 15,371,682 14,316,501 Retained Earnings/(Deficit) 16,845,460 15,142,375 Stockholders' Equity 36,329,200 34,596,789 Stockholders' Equity - Parent 32,939,767 31,042,396 Book Value Per Share 2.42 2.28 Income Statement Year Ending Previous Year Ending Dec 31, 2021 Dec 31, 2020 Gross Revenue 27,404,115 21,771,581 Gross Expense 14,611,111 13,854,718 Non-Operating Income 1,421,531 428,740 Non-Operating Expense 244,081 537,711 Income/(Loss) Before Tax 13,970,454 7,807,892 Income Tax Expense 3,332,280 2,318,850 Net Income/(Loss) After Tax 10,638,174 5,489,042 Net Income/(Loss) Attributable to Parent Equity Holder 7,812,575 4,068,732 Earnings/(Loss) Per Share (Basic) 0.57 0.3 Earnings/(Loss) Per Share (Diluted) 0.57 0.3 Financial Ratios Formula Fiscal Year Ended Previous Fiscal Year Dec 31, 2021 Dec 31, 2020 Liquidity Analysis Ratios: Current Ratio or Working Capital Ratio Current Assets / Current Liabilities 2.01 2.01 Quick Ratio (Current Assets - Inventory - Prepayments) / Current Liabilities 1.61 1.72 Solvency Ratio Total Assets / Total Liabilities 3.36 3.42 Financial Leverage Ratios Debt Ratio Total Debt/Total Assets 0.3 0.29 Debt-to-Equity Ratio Total Debt/Total Stockholders' Equity 0.42 0.41 Interest Coverage Earnings Before Interest and Taxes (EBIT) / Interest Charges 68.27 35.32 Asset to Equity Ratio Total Assets / Total Stockholders' Equity 1.42 1.41 Profitability Ratios Gross Profit Margin Sales - Cost of Goods Sold or Cost of Service / Sales 0.7 0.63 Net Profit Margin Net Profit / Sales 0.39 0.25 Return on Assets Net Income / Total Assets 0.21 0.11 Return on Equity Net Income / Total Stockholders' Equity 0.29 0.16 Price/Earnings Ratio Price Per Share / Earnings Per Common Share 9.39 18.67 Other Relevant Information Amended to include the SEC copy of 2021 Parent Company Financial Statements of Nickel Asia Corporation. Filed on behalf by: Name Maria Angela Villamor Designation Senior Vice President

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