Kepwealth Property Phils., Inc. (KPPI) operates in real estate investment and development. From December 2018 to September 2019, KPPI's total assets increased from P400.3 million to P783 million due to an initial public offering that raised P67 million. Total liabilities increased by P7 million over this period primarily due to offering-related expenses. For the nine months ending September 2019, KPPI generated P73.6 million in revenue and P20.1 million in total comprehensive income, increases over the prior year period but lower than expected due to rising administrative costs slowing net income growth. The IPO is expected to improve KPPI's cash position and increase net income through higher interest
Kepwealth Property Phils., Inc. (KPPI) operates in real estate investment and development. From December 2018 to September 2019, KPPI's total assets increased from P400.3 million to P783 million due to an initial public offering that raised P67 million. Total liabilities increased by P7 million over this period primarily due to offering-related expenses. For the nine months ending September 2019, KPPI generated P73.6 million in revenue and P20.1 million in total comprehensive income, increases over the prior year period but lower than expected due to rising administrative costs slowing net income growth. The IPO is expected to improve KPPI's cash position and increase net income through higher interest
Kepwealth Property Phils., Inc. (KPPI) operates in real estate investment and development. From December 2018 to September 2019, KPPI's total assets increased from P400.3 million to P783 million due to an initial public offering that raised P67 million. Total liabilities increased by P7 million over this period primarily due to offering-related expenses. For the nine months ending September 2019, KPPI generated P73.6 million in revenue and P20.1 million in total comprehensive income, increases over the prior year period but lower than expected due to rising administrative costs slowing net income growth. The IPO is expected to improve KPPI's cash position and increase net income through higher interest
Kepwealth Property Phils., Inc. (KPPI) operates in real estate investment and development. From December 2018 to September 2019, KPPI's total assets increased from P400.3 million to P783 million due to an initial public offering that raised P67 million. Total liabilities increased by P7 million over this period primarily due to offering-related expenses. For the nine months ending September 2019, KPPI generated P73.6 million in revenue and P20.1 million in total comprehensive income, increases over the prior year period but lower than expected due to rising administrative costs slowing net income growth. The IPO is expected to improve KPPI's cash position and increase net income through higher interest
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Flores, Krista D.L.
Reflection
BSA-AC22KB2 November 25, 2019
Kepwealth Property Phils., Inc. (KPPI) is in the business of investing in, purchasing, holding, leasing, managing and operating alone or jointly with others, or otherwise disposing of real property, such as but not limited to office, commercial, agricultural and residential properties, hotels, inns, resorts, apartments, or personal property of every kind and description.
The financial statements present fairly, in all material respects, the Balance Sheet, Income Statement, Statement of Changes in Equity, and Statement of Cash Flows as at September 30,2019 with comparative from December 31, 2018.
Tracking the financial condition of this company from December 31, 2018 was expanded to P400.3 million of the total assets of Kepwealth Property Phils., Inc. due mainly to the receipt of proceeds from the initial public offering (IPO). In terms of the total liabilities, it was expanded by P7.0 million due primarily to accruals recorded for expenses related to the IPO such as underwriting and consultancy fees. In addition, it was recorded that there are material changes in both asset and liability accounts as being analyzed in the transactions. From December 31, 2018, the total equity is P389.6 million while at September 30,2019, it increased at P783.0 million which is P393.3 million higher than the last year due to listing and issuance of P67.0 million common shares offered at P5.74 per share. Over the comparison, it remained relatively stable during the periods. Meanwhile, as the standing of the financial record of this company and as a result of operations for the nine-month period ended September 30, 2019, the total revenue generated from its business segments is P73.6 million which is P11.7 million higher than the same period in the prior year but when it comes to the gross income, it is much higher by P7.7 million. This Kepwealth Property Phils., Inc. (KPPI) has been registered at P20.1 million of the total comprehensive income for the nine-month period ended September 30,2019 which is P7.0 million lower than that of the previous year for the same period.
Kepwealth Property Phils., Inc. (KPPI) operates as a real estate owner and developer. As time goes by, its revenues have been growing even from previous years, however, the rising administrative expenses makes the net income growth become slower. But looking the company’s financial performance, it would drive up to become relatively financially stable with practically no debt. It is being expected that after the IPO, KPPI will eventually improve its cash position as the large cash reserves may help to increase its net income this year because of higher interest income.
