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Securities and Exchange Commission Sec Form 17-A, As Amended

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Securities and Exchange Commission Sec Form 17-A, As Amended CR02659-2021 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, 2020 2. SEC Identification Number 52412 3. BIR Tax Identification No. 000-156-011 4. Exact name of issuer as specified in its charter BELLE CORPORATION 5. Province, country or other jurisdiction of incorporation or organization Metro Manila Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 5/F Tower A, Two ECom Center, Palm Coast Avenue, MOA Complex, Pasay City Postal Code 1300 8. Issuer's telephone number, including area code 02-86628888 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 Number of Shares of Common Stock Outstanding and Amount of Debt Title of Each Class Outstanding Common Stock, Php 1.00 par 9,763,126,297 value 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, Inc. / Common 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 P7.0 Billion 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. Belle Corporation BEL 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, 2020 Currency PHP (in thousands) Balance Sheet Year Ending Previous Year Ending Dec 31, 2020 Dec 31, 2019 Current Assets 13,108,405 11,719,573 Total Assets 49,955,980 44,771,868 Current Liabilities 5,133,553 5,286,220 Total Liabilities 19,521,863 12,910,479 Retained 11,580,786 11,707,576 Earnings/(Deficit) Stockholders' Equity 30,434,117 31,861,389 Stockholders' Equity - Parent 27,629,970 28,430,777 Book Value Per Share 2.83 2.91 Income Statement Year Ending Previous Year Ending Dec 31, 2020 Dec 31, 2019 Gross Revenue 4,173,400 7,469,434 Gross Expense 3,385,268 3,705,006 Non-Operating Income 898,645 75,157 Non-Operating Expense 567,760 622,419 Income/(Loss) Before Tax 1,119,018 3,217,166 Income Tax Expense 227,317 293,439 Net Income/(Loss) After Tax 891,701 2,923,727 Net Income/(Loss) Attributable to Parent 1,001,281 2,609,733 Equity Holder Earnings/(Loss) Per Share (Basic) 0.1 0.27 Earnings/(Loss) Per Share (Diluted) 0.1 0.27 Financial Ratios Fiscal Year Ended Previous Fiscal Year Formula Dec 31, 2020 Dec 31, 2019 Liquidity Analysis Ratios: Current Ratio or Current Assets / Current 2.55 2.22 Working Capital Ratio Liabilities (Current Assets - Inventory - Quick Ratio Prepayments) / Current 1.51 1.28 Liabilities Solvency Ratio Total Assets / Total Liabilities 2.56 3.47 Financial Leverage Ratios Debt Ratio Total Debt/Total Assets 0.14 0.14 Total Debt/Total Stockholders' Debt-to-Equity Ratio 0.23 0.2 Equity Earnings Before Interest and Interest Coverage 2.9 7.56 Taxes (EBIT) / Interest Charges Total Assets / Total Asset to Equity Ratio 1.64 1.41 Stockholders' Equity Profitability Ratios Sales - Cost of Goods Sold or Gross Profit Margin 0.5 0.69 Cost of Service / Sales Net Profit Margin Net Profit / Sales 0.21 0.39 Return on Assets Net Income / Total Assets 0.02 0.07 Net Income / Total Return on Equity 0.03 0.09 Stockholders' Equity Price Per Share / Earnings Per Price/Earnings Ratio 16.13 7.21 Common Share Other Relevant Information n/a Filed on behalf by: Name ROSEMARIE ABUEVA Designation SENIOR ASST. VICE PRESIDENT COVER SHEET 5 2 4 1 2 S.E.C. Registration Number B E L L E C O R P O R A T I O N (Company's Full Name) 5 / F , T O W E R A , T W O E - C O M C E N T E R P A L M C O A S T A V E N U E , M A L L O F A S I A C O M P L E X C B P - 1 A , P A S A Y C I T Y MICHELLE ANGELI T. HERNANDEZ (+632) 8662 8888 Contact Person Company Telephone Number 17-A 1 2 3 1 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting Secondary License Type, If Applicable Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign ___________________________________________________________________________________________________ To be Accomplished by SEC Personnel concerned File Number LCU Document I.D. ________________________________ Cashier STAMPS Remarks = pls. use black ink for scanning purposes SECURITIES AND EXCHANGE COMMISSION SEC FROM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATON CODE OF THE PHILIPPINES 1. For the fiscal year ended: December 31, 2020 2. SEC Identification Number: 52412 3. BIR Tax Identification No. 000-156-011-000 4. Exact name of registrant as specified in its charter: BELLE CORPORATION 5. Metro Manila, Philippines 6. ________________ (SEC Use Only) Province, Country or other jurisdiction of Industry Classification Code incorporation or organization 7. 5th Floor, Tower A, Two E-Com Center, Palm Coast Avenue, Mall of Asia Complex, Pasay City, Metro Manila, Philippines Address of principal office 1300 Postal Code 8. (02) 8662 - 8888 Registrant's telephone number, including area code 9. 28/F, East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Former address 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Outstanding Common Stock, P 1.00 par value 9,763,126,297 Amount of Debt Outstanding Php 7.1 Billion 11. Are any or all of these securities listed on the Philippine Stock Exchange. Yes [ x] No [ ] 12. Indicate by check mark whether the registrant: (a) has filed all reports required to be filed by Section 17 of the Code and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 1(a)-1 thereunder, and Section 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 [ ] 13. Aggregate market value of voting stock held by non-affiliates: P=6.7 Billion This was computed by multiplying the no. of voting stocks held by non-affiliates (4,535,508,075 shares) by the stock’s closing price of P1.47 per share on March 31, 2021. 1 TABLE OF CONTENTS PART I. BUSINESS AND GENERAL INFORMATION Item 1. Business 1 Item 2. Properties 10 Item 3. Legal Proceedings 10 Item 4. Submission of Matters to a Vote of Security Holders 10 PART I. OPERATIONAL AND FINANCIAL INFORMATION Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters 11 Item 6. Management Discussion and Analysis of Operating Performance and 14 Financial Condition Item 7.
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