SEC Form 20-IS - iRemit Global Remittance
SEC Form 20-IS - iRemit Global Remittance
SEC Form 20-IS - iRemit Global Remittance
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
- 24 -<br />
Financial assets<br />
Maturity profile of financial assets held for liquidity purposes is shown below. The analysis is<br />
based on the remaining period from the end of the reporting period to the contractual maturity<br />
date, or if earlier, the expected date the assets will be realized.<br />
Financial liabilities<br />
The maturity grouping is based on the remaining period from the end of the reporting period to the<br />
contractual maturity date. When counterparty has a choice of when the amount is paid, the<br />
liability is allocated to the earliest period in which the Parent Company can be required to pay.<br />
The tables below summarize the maturity profile of the Parent Company’s financial instruments<br />
based on undiscounted contractual payments.<br />
<strong>20</strong>11<br />
Over 60 days<br />
but less than<br />
Less than 5 days 5 to 30 days 30 to 60 days one year Total<br />
Financial assets<br />
Cash and cash equivalents<br />
Cash on hand P=24,772,521 P=– P=– P= − =24,772,521 P<br />
Cash in banks<br />
Accounts receivable<br />
642,750,978 − − − 642,750,978<br />
Agents 984,506,271 − − 8,773,779 993,280,050<br />
Couriers − − 3,523,052 − 3,523,052<br />
P=1,652,029,770 P=– P=3,523,052 P=8,773,779 P=1,664,326,601<br />
Financial liabilities<br />
Beneficiaries and other<br />
payables:<br />
Beneficiaries<br />
Advances from related<br />
P=155,140,304 P=– P=– P= − =155,140,304 P<br />
parties<br />
Agents, couriers and<br />
– – 79,753,117<br />
− 79,753,117<br />
trading clients 44,404,974 – –<br />
− 44,404,974<br />
Accrued expenses – – 7,019,510 − 7,019,510<br />
Payable to suppliers – – 1,391,836 − 1,391,836<br />
Others – – 476,730 − 476,730<br />
Interest-bearing loans 95,050,139 571,866,010 − − 666,916,149<br />
P=294,595,417 P=571,866,010 P=88,641,193 P= − =955,102,6<strong>20</strong> P<br />
<strong>20</strong>10<br />
Less than 5 days 5 to 30 days 30 to 60 days<br />
Over 60 days<br />
but less than<br />
one year Total<br />
Financial assets<br />
Cash and cash equivalents<br />
Cash on hand P=41,745,551 P=– P=– P=– P=41,745,551<br />
Cash in banks<br />
Accounts receivable<br />
685,9<strong>20</strong>,368 – – – 685,9<strong>20</strong>,368<br />
Agents 1,081,402,745 – – − 1,081,402,745<br />
Couriers – – 34,283,<strong>20</strong>1 – 34,283,<strong>20</strong>1<br />
P=1,809,068,664 P=– P=34,283,<strong>20</strong>1 P=− P=1,843,351,865<br />
Financial liabilities<br />
Beneficiaries and other<br />
payables:<br />
Beneficiaries<br />
Advances from related<br />
P=144,960,550 P=– P=– P=− P=144,960,550<br />
parties<br />
Agents, couriers and<br />
– – 74,161,090<br />
− 74,161,090<br />
trading clients 27,101,817 – –<br />
− 27,101,817<br />
Accrued expenses – – 6,250,462 − 6,250,462<br />
Payable to suppliers – – 2,958,634 − 2,958,634<br />
Others – – 803,350 − 803,350<br />
Interest-bearing loans 395,273,055 483,077,528 – − 878,350,583<br />
P=567,335,422 P=483,077,528 P=84,173,536 P=− P=1,134,586,486<br />
*SGVMC116501*
Change language