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 Dec 31, 20212. SEC Identification Number CS2018111193. BIR Tax Identification No. 010-061-026-0004. Exact name of issuer as specified in its charter FIGARO COFFEE GROUP, INC.5. Province, country or other jurisdiction of incorporation or organization PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office 116 EAST MAIN AVE., PHASE V - SEZ, LAGUNA TECHNOPARK, BINAN, LAGUNAPostal Code40348. Issuer's telephone number, including area code (632) 8812-17189. Former name or former address, and former fiscal year, if changed since last report N/A10. 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 Shares
4,648,187,003
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.
Figaro Coffee Group, Inc.FCG
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
Dec 31, 2021
Currency (indicate units, if applicable)
Philippine Peso
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Dec 31, 2021
Jun 30, 2021
Current Assets
512,474,611
497,675,012
Total Assets
1,157,974,864
1,006,642,355
Current Liabilities
363,074,020
433,670,917
Total Liabilities
388,368,762
456,659,163
Retained
Earnings/(Deficit)
220,167,602
40,544,692
Stockholders' Equity
769,606,102
549,983,192
Stockholders' Equity - Parent
-
-
Book Value per Share
0.21
0.17
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue
596,930,720
290,465,525
1,085,121,878
473,379,674
Gross Expense
453,941,716
219,166,202
845,624,665
370,728,363
Non-Operating Income
-
-
-
-
Non-Operating Expense
-
-
-
-
Income/(Loss) Before Tax
142,989,004
71,299,323
239,497,213
102,651,311
Income Tax Expense
35,747,251
17,824,831
59,874,303
25,662,828
Net Income/(Loss) After Tax
107,241,753
53,474,492
179,622,910
76,988,483
Net Income Attributable to
Parent Equity Holder
107,241,753
53,474,492
179,622,910
76,988,483
Earnings/(Loss) Per Share
(Basic)
0.03
0.57
0.05
0.82
Earnings/(Loss) Per Share
(Diluted)
0.03
0.57
0.05
0.82
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)
0.09
1.2
Earnings/(Loss) Per Share (Diluted)
0.09
1.2
Other Relevant Information
BUSINESS COMBINATION
In relation to the attached SEC Form 17-Q for the quarterly period ended December 31, 2021 of FCG, particularly on the Interim Consolidated Statements of Comprehensive Income which shows, among others, the Unaudited Proforma results for the periods July 1 to December 31, 2020, October 1 to December 31, 2020, and January 1 to June 30, 2021, please note that a Business Combination transpired on June 21, 2021 with the acquisition by FCG, the Parent Company, of all the shares in Figaro Coffee Systems Inc. (FCSI), the operating subsidiary, that was held by FCoffee Holdings, Inc. (FCH) prior to the said Business Combination. FCH is a wholly-owned subsidiary of Carmetheus Holdings, Inc. which owns approximately 8% of FCG's issued and outstanding capital stock.
On June 21, 2021, FCH, the 'Seller' agreed to sell and FCG, the 'Buyer' agreed to buy, all the seller's rights, title and interests to a total of 2,500 common shares with a par value of P50.00 per share or an aggregate par value of P125,000 of FCSI for and in consideration of P1,851.0256 per share or total purchase price of P4,627,564. The difference between the consideration paid and the fair value of the interest acquired in FCSI was recognized as goodwill amounting to P4,502,564. As a result, FCSI became a wholly-owned subsidiary of FCG. The Business Combination was undertaken as an integral part of FCG's Initial Public Offering.
For the purpose of the unaudited pro-forma consolidated statements of comprehensive income, the Business Combination is assumed to
have occurred on the relevant periods presented. Please see Note 20 of the Notes to the Financial Statements for further details on the Business Combination. Please also refer to FCG's IPO Prospectus dated December 22, 2021 for the pertinent details of the IPO, including the said Business Combination.
Figaro Coffee Group Inc. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 02:13:03 UTC.
Figaro Coffee Group, Inc. is a Philippines-based company, which is engaged in processing, manufacturing, and packaging all kinds of food products; to establish, invest, develop, operate, and maintain restaurants, coffee shops and refreshment parlors. It serves, arranges, and caters for foods, drinks, refreshments and other food or commodities, to partner and/or collaborate with other players in the food industry for the management and operation of food establishments and to acquire, invest, organize, develop, promote, or otherwise undertake the management and operation of commercial franchises in the food industry. The Company's brands include Angelâs Pizza, Figaro Coffee, Tien Maâs, and Cafe Portofino.