SEC Form 20-IS - iRemit Global Remittance

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I-REMIT, INC. AND SUBSIDIARIES Consolidated Statements of Changes in Equity Unaudited Unaudited Jan. 1 to Jan. 1 to Mar. 31, 2012 Mar. Mar. 31, 2011 CAPITAL FUNDS, BEGINNING 1,361,321,915 1,271,902,623 Add / (Deduct) Changes in Capital: Net Income for the Period 33,354,643 31,531,076 Acquisition of Minority Interest 0 (4,914,297) Purchase of Own Stock (132,740) 0 Other Equity Adjustment (7,046,944) (11,627,256) CAPITAL FUNDS, ENDING 1,387,496,874 1,286,892,146 3
I-REMIT, INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows Unaudited Unaudited Jan. 1 to Jan. 1 to Mar. 31, 2012 Mar. 31, 2011 CASH FLOWS FROM OPERATING ACTIVITIES Income before tax from continuing operations 42,452,015 37,091,640 Income (loss) before tax from discontinued operations 0 0 Income before tax Adjustments for: 42,452,015 37,091,640 Interest expense Unrealized market valuation (gain) loss on financial instruments at fair value through profit or loss 5,771,869 8,324,962 (16,593,655) (13,803,422) Depreciation and amortization 2,742,410 3,214,537 Interest income (2,824,171) (3,738,367) Equity in net earnings of associates (481,496) (660,427) Unrealized foreign exchange gain - net Changes in Operating Assets and Liabilities: Decrease (Increase) in the amounts of: (3,064,563) 8,321,898 Financial Assets at FV through PL 32,802,160 5,674,600 Accounts receivables 154,820,150 683,923 Other receivables 30,538,108 (117,686,781) Other current assets Increase (Decrease) in the amounts of: 13,750,897 18,806,355 Beneficiaries and other payables 63,305,693 334,210,994 Retirement liability 92,099 0 Net cash used in operations 323,311,516 280,439,912 Income taxes paid (1,447,058) (724,156) Interest received 3,932,861 2,781,083 Interest paid (5,771,869) (8,868,102) Net cash provided by (used in) operating activities 320,025,450 273,628,737 CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of: Noncontrolling interest in subsidiaries 0 (11,097,286) Property and equipment (6,503,429) (3,408,419) Software cost (418,397) (902,426) Decrease (increase) in other noncurrent assets (1,849,896) (451,968) Proceeds from disposals of property and equipment 11,719 23,250 Dividends received from associate 4,896,570 0 Net cash used in investing activities (3,863,433) (15,836,849) CASH FLOWS FROM FINANCING ACTIVITIES Payment of: Short-term loans payable (666,000,000) (877,000,000) Buy-back of shares (132,740) 0 Proceeds from short-term loans payable 618,000,000 701,000,000 Net cash provided by (used in) financing activities (48,132,740) (176,000,000) EFFECT OF CHANGE IN FOREIGN EXCHANGE RATE TO CASH AND CASH EQUIVALENTS (7,474,186) (4,193,633) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT 260,555,091 77,598,255 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 891,235,623 883,817,947 CASH AND CASH EQUIVALENTS AT END OF YEAR 1,151,790,714 961,416,202 4
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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
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- 17 - Income Taxes Current tax Cur
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- 19 - Related party relationships
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- 21 - PFRS 13, Fair Value Measurem
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- 23 - d. Discontinued Operations M
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- 25 - As of December 31, 2011 and
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- 27 - The following methods and as
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- 29 - As at December 31, 2011, the
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- 31 - Change in nominal 2010 Chang
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6. Cash and Cash Equivalents This a
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10. Other Current Assets This accou
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Office and Communication Equipment
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- 39 - value of the additional inte
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16. Interest-Bearing Loans - 41 - T
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- 43 - The Group’s objective is t
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The major categories of plan assets
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- 47 - (f) On July 1, 2011, the Par
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- 49 - In the ordinary course of bu
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- 51 - The table below shows the in
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- 53 - Segment information as of an
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- 55 - The results of IRCGmbH’s o
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- 1 - I-REMIT, INC. SCHEDULE OF RET
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- 3 - Schedule II Page 2 of 5 PFRSs
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- 5 - Schedule II Page 4 of 5 Impor
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- 7 - I-REMIT, INC. AND SUBSIDIARIE
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Name of Debtor - 9 - I-Remit, Inc.
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- 11 - I-Remit, Inc. and Subsidiari
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- 13 - I-Remit, Inc. and Subsidiari
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Title of Issue (i) Number of shares
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I-REMIT, INC. NOTES TO PARENT COMPA
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- 3 - The adoption of the following
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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
Page 180 and 181: - 37 - The amounts of retirement ex
Page 182 and 183: - 39 - (b) A lease agreement with W
Page 184 and 185: 22. Related Party Transactions - 41
Page 186 and 187: - 43 - The amounts payable to PSAGL
Page 188 and 189: - 45 - In the opinion of management
Page 190 and 191: - 47 - Taxes and licenses Other tax
Page 192 and 193: I-REMIT, INC. 26/F Discovery Centre
Page 194: I-REMIT, INC. AND SUBSIDIARIES (Com
Page 197: I-REMIT, INC. AND SUBSIDIARIES Cons
Page 201 and 202: Item 1. Financial Statements PART I
Page 203 and 204: Below are the comparative key perfo
Page 205 and 206: Worldwide Exchange Pty Ltd Performa
Page 207 and 208: million as of March 31, 2012, a dec
Page 209 and 210: Lucky Star Management Limited Perfo
Page 211 and 212: Power Star Asia Group Limited Perfo
Page 213 and 214: Summary of Significant Accounting P
Page 215 and 216: Day 1 difference Where the transact
Page 217 and 218: Historical loss experience is adjus
Page 219 and 220: Foreign Currency Risk Foreign curre
Page 222 and 223: MINUTES OF THE ANNUAL STOCKHOLDERS
Page 224 and 225: RELEVANT RESOLUTIONS APPROVED BY TH
Page 226: February 17, 2012 March 23, 2012 Ma
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SEC Form 20-IS - iRemit Global Remittance

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