SEC Form 20-IS - iRemit Global Remittance

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Name of Debtor - 10 - I-Remit, Inc. and Subsidiaries Schedule C - Amounts Receivable from Related Parties which are eliminated during the consolidation of financial statements) December 31, 2011 Balance at beginning of period Additions Amounts Collected Amounts Written-off Current Non- Current Balance at end of period Lucky Star Management Ltd. P=4,454,735 P=15,392,560 P=4,633,819 P= – P=1 5,213, 476 P=– P=15,213, 476 Iremit Global Remittance Ltd 5,099,127 26,168,530 10,846,363 – 20,421,294 – 20,421, 294 Worldwide Exchange Pty. Ltd 94,113 25,973,348 1,893,496 – 24,173 ,965 – 24,173, 965 International Remittance Canada Ltd. 71,646 43,316,090 1,096,561 – 42,291,175 – 42,291, 175 Iremit New Zealand Limited 9,285,149 11,594,400 3,824 – 20,875,725 – 20,875, 725 Power Star Group Asia Ltd. – 33,166 – – 33,166 – 33, 166 K.K. Iremit Japan – 5,611,520 – – 5,611,520 – 5,611, 520 Iremit Europe Remittance Consulting AG 54,579,655 34,162,850 25,931,196 – 62,811,309 – 62,811, 309 Iremit Australia Pyt. Ltd – 697,587 323, 847 – 373 ,740 – 373, 740 P=73,584,425 P=162,950,051 P=44,729,106 P= – P=191,805,370 P=– P=191,805, 370
- 11 - I-Remit, Inc. and Subsidiaries Schedule D - Intangible Assets - Other Assets December 31, 2011 Description (i) Beginning Balance Additions at Cost (ii) Charged to cost and expenses Charged to other accounts Other changes additions (iii) (deductions) Ending Balance Goodwill 93,092,118 – – – (436,778) 92,655,340 Software 2,081, 747 2,034,070 (2, 4 56,524) – (208,349) 1,450,944 _______________________________________________ (I) The information required shall be grouped into ( a) intangibles shown under the caption intangible assets and (b) de ferrals shown under the caption Other Assets in the related balance sheet. Show by major classifications. (II) For each change representing other than an acquisition, clearly state the na ture of the change and the other accounts affected. Describe cost of additions representing other than cash expenditures. (III) If provision for amortization of int angible assets is credited in the books di rectly to the intangible asset account, the amounts shall be stated with explanations, including the accounts charged. Clearly state the nature of deductions if these represent anything other than regular amortization.
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• 1!I~lJllr June 25, 2012 THE PHI
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IRE:lftlr I-Remit, Inc. TO: ALL STO
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GENERAL INFORMATION Date, time and
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Note: The PCD Nominee Corporation (
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Harris Edsel D. Jacildo Mr. Jacildo
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Mr. Tan has also been the Corporate
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Ronald A. Benito Mr. Benito joined
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Involvement in Certain Legal Procee
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The compensation of the key managem
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Compensation Plans As described abo
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SIGNATURES After reasonable inquiry
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I-Remit Australia Pty Ltd, a wholly
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Properties I-Remit, Inc. and its su
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Company’s shareholders. Any stock
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Committees of the Board of Director
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Plan of Operation MANAGEMENT’S DI
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Full Years 2011 compared to 2010 I-
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Total liabilities declined by PHP 1
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2010 compared to 2009 I-Remit reali
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IREMIT EUROPE Remittance Consulting
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I-Remit New Zealand Limited Perform
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Below are the comparative key perfo
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Goodwill decreased by PHP 1.5 milli
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IREMIT Remittance Consulting GmbH M
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I-REMIT, INC. AND SUBSIDIARIES NOTE
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- 3 - Statement of Compliance The a
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- 5 - Changes in Accounting Policie
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- 7 - deferred cumulative amount pr
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- 9 - For all other financial instr
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- 11 - Estimates of changes in futu
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- 13 - Gains or losses arising from
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- 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 and 124: - 3 - Schedule II Page 2 of 5 PFRSs
Page 125 and 126: - 5 - Schedule II Page 4 of 5 Impor
Page 127 and 128: - 7 - I-REMIT, INC. AND SUBSIDIARIE
Page 129: Name of Debtor - 9 - I-Remit, Inc.
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
Page 174 and 175: - 31 - 2009 Balance Sheets Statemen
Page 176 and 177: 13. Beneficiaries and Other Payable
Page 178 and 179: - 35 - In 2009 and 2008, the Parent
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- 37 - The amounts of retirement ex
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- 39 - (b) A lease agreement with W
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22. Related Party Transactions - 41
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- 43 - The amounts payable to PSAGL
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- 45 - In the opinion of management
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- 47 - Taxes and licenses Other tax
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I-REMIT, INC. 26/F Discovery Centre
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I-REMIT, INC. AND SUBSIDIARIES (Com
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I-REMIT, INC. AND SUBSIDIARIES Cons
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I-REMIT, INC. AND SUBSIDIARIES Cons
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Item 1. Financial Statements PART I
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Below are the comparative key perfo
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Worldwide Exchange Pty Ltd Performa
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million as of March 31, 2012, a dec
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Lucky Star Management Limited Perfo
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Power Star Asia Group Limited Perfo
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Summary of Significant Accounting P
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Day 1 difference Where the transact
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Historical loss experience is adjus
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Foreign Currency Risk Foreign curre
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MINUTES OF THE ANNUAL STOCKHOLDERS
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RELEVANT RESOLUTIONS APPROVED BY TH
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February 17, 2012 March 23, 2012 Ma
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SEC Form 20-IS - iRemit Global Remittance

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