SEC Form 20-IS - iRemit Global Remittance
SEC Form 20-IS - iRemit Global Remittance SEC Form 20-IS - iRemit Global Remittance
- 4 - Schedule II Page 3 of 5 Philippine Interpretation SIC–25, Income Taxes - Changes in the Tax Status of an Entity or its Shareholders Not Applicable Philippine Interpretation SIC–27, Evaluating the Substance of Transactions Involving the Legal Form of a Lease Not Applicable Philippine Interpretation SIC–29, Service Concession Arrangements: Disclosures Not Applicable Philippine Interpretation SIC–31, Revenue - Barter Transactions Involving Advertising Services Not Applicable Philippine Interpretation SIC–32, Intangible Assets - Web Site Costs Not applicable PIC Q&A No. 2006-01: PAS 18, Appendix, paragraph 9 - Revenue recognition for sales of property units under pre-completion contracts Not Applicable PIC Q&A No. 2006-02: PAS 27.10(d) - Clarification of criteria for exempti on from presenting consolidated financial statements Not Applicable PIC Q&A No. 2007-03: PAS 40.27 - Valuation of bank real and other properties acquired (ROPA) Not Applicable PIC Q&A No. 2008-01 (Revised): PAS 19.78 - Rate used in discounting post-employment benefit obligations Not Applicable PIC Q&A No. 2008-02: PAS 20.43 - Accounting for government loans with low interest rates under the amendments to PAS 20 Not Applicable PIC Q&A No. 2009-01: Framework.23 and PAS 1.23 - Financial statements prepared on a basis other than going concern Not Applicable PIC Q&A No. 2010-01: PAS 39.AG71-72 - Rate used in determining the fa ir valu e of government securities in the Philippines Not Applicable PIC Q&A No. 2010-02: PAS 1R.16 - Basis of preparation of financial statements Adopted PIC Q&A No. 2011-01: PAS 1.10(f) - Requirements for a Third Statement of Financial Position Not Applicable
- 5 - Schedule II Page 4 of 5 Important: If an entit y has early adopted any of the following pronouncements, please take note of the: (1) additional disclosures the entity has to make for the early adoption of the said pronouncement s and (2) the existing pronouncements that the entity may have to mark as “Not applicable”: Applicable to annual Early Pronouncemen ts issued but period beginning on application not yet effective Amendments to PFRS 7: or after allowed Remarks Disclosures-Transfers of Financial To be adopted Asse ts July 1, 2011 Yes when effective Amendments to PFRS 7: Disclosures-Offsetting Financial Assets and Financial Liabilities January 1, 2013 Not mentioned To be adopted when effective PFRS 9, Financial Instruments January 1, 2015 Yes Adopted PFRS 10, Consolidated Financial Statements January 1, 2013 Yes To be adopted when effective PFRS 11, Joint Arrangements January 1, 2013 Yes To be adopted when effective PFRS 12, Disclosure of Interests in Other Entities January 1, 2013 Yes To be adopted when effective PFRS 13, Fair Value Measurement January 1, 2013 Yes To be adopted when effective Amendments to PAS 1: Presentation To be adopted of Items of Other Comprehensive Income July 1, 2012 Yes when effective Amendments to PAS 12-Deferred Tax: Recovery of Underlying Assets January 1, 2012 Yes To be adopted when effective PAS 19, Employee Benefits (Revised) January 1, 2013 Yes To be adopted when effective PAS 27, Separate Financial Statements January 1, 2013 Yes To be adopted when effective PA S 28, Investments in Associates and Joint Ventures January 1, 2013 Yes Not applicable Amendments to PAS 32, Offsetting Financial Assets and Financial Liabilities January 1, 2014 Yes To be adopted when effective Philippine Interpretation IFRIC-15, Agreements for the Construction of Real Estate Philippine Interpretation IFRIC-20, Deferred by SEC and FRSC No To be adopted when effective Strippin g Costs in the Production Phase of a Surface Mine PIC Q&A No. 2011-02: PFRS 3.2 - January 1, 2013 Yes Not applicable Common Control Business Combinations January 1, 2012 Yes Not applicable
- Page 74 and 75: - 11 - Estimates of changes in futu
- Page 76 and 77: - 13 - Gains or losses arising from
- Page 78 and 79: - 15 - Once a financial asset or a
- Page 80 and 81: - 17 - Income Taxes Current tax Cur
- Page 82 and 83: - 19 - Related party relationships
- Page 84 and 85: - 21 - PFRS 13, Fair Value Measurem
- Page 86 and 87: - 23 - d. Discontinued Operations M
- Page 88 and 89: - 25 - As of December 31, 2011 and
- Page 90 and 91: - 27 - The following methods and as
- Page 92 and 93: - 29 - As at December 31, 2011, the
- Page 94 and 95: - 31 - Change in nominal 2010 Chang
- Page 96 and 97: 6. Cash and Cash Equivalents This a
- Page 98 and 99: 10. Other Current Assets This accou
- Page 100 and 101: Office and Communication Equipment
- Page 102 and 103: - 39 - value of the additional inte
- Page 104 and 105: 16. Interest-Bearing Loans - 41 - T
- Page 106 and 107: - 43 - The Group’s objective is t
- Page 108 and 109: The major categories of plan assets
- Page 110 and 111: - 47 - (f) On July 1, 2011, the Par
- Page 112 and 113: - 49 - In the ordinary course of bu
- Page 114 and 115: - 51 - The table below shows the in
- Page 116 and 117: - 53 - Segment information as of an
- Page 118: - 55 - The results of IRCGmbH’s o
- Page 121 and 122: - 1 - I-REMIT, INC. SCHEDULE OF RET
- Page 123: - 3 - Schedule II Page 2 of 5 PFRSs
- Page 127 and 128: - 7 - I-REMIT, INC. AND SUBSIDIARIE
- Page 129 and 130: Name of Debtor - 9 - I-Remit, Inc.
- Page 131 and 132: - 11 - I-Remit, Inc. and Subsidiari
- Page 133 and 134: - 13 - I-Remit, Inc. and Subsidiari
- Page 135 and 136: Title of Issue (i) Number of shares
- Page 144 and 145: I-REMIT, INC. NOTES TO PARENT COMPA
- Page 146 and 147: - 3 - The adoption of the following
- Page 148 and 149: - 5 - After initial measurement, ot
- Page 150 and 151: - 7 - If the Parent Company determi
- Page 152 and 153: - 9 - assets or groups of assets, i
- Page 154 and 155: - 11 - actuarial gains and losses a
- Page 156 and 157: - 13 - A change in the ownership in
- Page 158 and 159: - 15 - PFRS 11, Joint Arrangements
- Page 160 and 161: - 17 - d. Contingencies The Parent
- Page 162 and 163: - 19 - As of December 31, 2011 the
- Page 164 and 165: - 21 - The main risks arising from
- Page 166 and 167: - 23 - The following tables set for
- Page 168 and 169: 6. Cash and Cash Equivalents This a
- Page 170 and 171: 10. Investments in Subsidiaries and
- Page 172 and 173: - 29 - IRCL On October 1, 2004, the
- 5 -<br />
Schedule II<br />
Page 4 of 5<br />
Important: If an entit y has early adopted any of the following pronouncements, please take note of<br />
the: (1) additional disclosures the entity has to make for the early adoption of the said<br />
pronouncement s and (2) the existing pronouncements<br />
that the entity may have to mark as “Not<br />
applicable”:<br />
Applicable to annual Early<br />
Pronouncemen ts issued<br />
but period beginning on application<br />
not yet effective<br />
Amendments to PFRS 7:<br />
or after<br />
allowed Remarks<br />
Disclosures-Transfers of<br />
Financial<br />
To be adopted<br />
Asse ts<br />
July 1, <strong>20</strong>11 Yes when effective<br />
Amendments to PFRS 7:<br />
Disclosures-Offsetting Financial<br />
Assets and Financial Liabilities<br />
January 1, <strong>20</strong>13 Not mentioned<br />
To be adopted<br />
when effective<br />
PFRS 9, Financial Instruments January 1, <strong>20</strong>15 Yes Adopted<br />
PFRS 10, Consolidated Financial<br />
Statements<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
PFRS 11, Joint Arrangements<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
PFRS 12, Disclosure of Interests<br />
in<br />
Other Entities<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
PFRS 13, Fair Value Measurement<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
Amendments to PAS 1: Presentation<br />
To be adopted<br />
of Items of Other Comprehensive<br />
Income<br />
July 1, <strong>20</strong>12 Yes when effective<br />
Amendments to PAS 12-Deferred<br />
Tax: Recovery of Underlying<br />
Assets<br />
January 1, <strong>20</strong>12 Yes<br />
To be adopted<br />
when effective<br />
PAS 19, Employee Benefits<br />
(Revised)<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
PAS 27, Separate Financial<br />
Statements<br />
January 1, <strong>20</strong>13 Yes<br />
To be adopted<br />
when effective<br />
PA S 28, Investments in Associates<br />
and Joint Ventures<br />
January 1, <strong>20</strong>13 Yes Not applicable<br />
Amendments to PAS 32, Offsetting<br />
Financial Assets and Financial<br />
Liabilities<br />
January 1, <strong>20</strong>14 Yes<br />
To be adopted<br />
when effective<br />
Philippine Interpretation IFRIC-15,<br />
Agreements for the Construction<br />
of<br />
Real Estate<br />
Philippine Interpretation IFRIC-<strong>20</strong>,<br />
Deferred by <strong>SEC</strong> and<br />
FRSC<br />
No<br />
To be adopted<br />
when effective<br />
Strippin g Costs in the Production Phase of a Surface Mine PIC Q&A No. <strong>20</strong>11-02: PFRS<br />
3.2 -<br />
January 1, <strong>20</strong>13 Yes Not applicable<br />
Common Control Business<br />
Combinations<br />
January 1, <strong>20</strong>12 Yes Not applicable
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