SEC Form 20-IS - iRemit Global Remittance

I-Remit New Zealand Limited
Performance Indicator Definition December 31, 2009 December 31, 2008
Return on Equity (ROE)
Net income over average stockholders’ equity during the
period
81% 104%
Return on Assets (ROA) Net income over average total assets during the period -25% -21%
Earnings per Share (EPS) Net income over average number of outstanding shares (PHP 2,654.42) (PHP 1,721.28)
Sales Growth
Total transaction value in USD in present period over the
previous year
595% -
Gross Income Revenue less total cost of services (PHP millions) 7.6 1.1
IREMIT EUROPE Remittance Consulting AG
Performance Indicator Definition December 31, 2009 December 31, 2008
Return on Equity (ROE)
Net income over average stockholders’ equity during the
period
-189% 56%
Return on Assets (ROA) Net income over average total assets during the period -31% -34%
Earnings per Share (EPS) Net income over average number of outstanding shares (PHP 243.17) (PHP 259.01)
Sales Growth
Total transaction value in USD in present period over the
previous year
43% -
Gross Income Revenue less total cost of services (PHP millions) 9.1 6.8
Power Star Asia Group Limited
Performance Indicator Definition December 31, 2009 December 31, 2008
Return on Equity (ROE)
Net income over average stockholders’ equity during the
period
89% 90%
Return on Assets (ROA) Net income over average total assets during the period 78% 76%
Earnings per Share (EPS) Net income over average number of outstanding shares PHP 86.35 PHP 49.87
Sales Growth
Total transaction value in USD in present period over the
previous year
- -
Gross Income Revenue less total cost of services (PHP millions) 55.5 59.8
Interim Period
March 31, 2012 vs. December 31, 2011
The total assets of the Company increased by PHP 51.4 million or 2.3% to PHP 2.325 billion as of March 31,
2012 against PHP 2.273 billion as of December 31, 2011.
Cash and cash equivalents increased by PHP 260.6 million or 29.2% from PHP 891.2 million as of December
31, 2011 to PHP 1.151 billion as of March 31, 2012. Cash and cash equivalents as of March 31, 2012 and
December 31, 2011 are 49.5% and 39.2% of the total assets as of March 31, 2012 and December 31, 2011,
respectively. Financial assets at FVPL, which consist of investments in private debt securities (listed
overseas) held for trading, decreased by PHP 16.2 million or -12.9% from PHP 125.2 million as of December
31, 2011 to PHP 109.0 million as of March 31, 2012. Financial assets at FVPL as of March 31, 2012 and
December 31, 2011 are 4.7% and 5.5% of the total assets as of March 31, 2012 and December 31, 2011,
respectively. Accounts receivable decreased by PHP 151.8 million or -16.3% from PHP 933.5 million as of
December 31, 2011 to PHP 781.8 million as of March 31, 2012. Accounts receivable as of March 31, 2012
and December 31, 2011 are 33.6% and 41.1% of the total assets as of March 31, 2012 and December 31,
2011, respectively. Other receivables decreased by PHP 31.6 million or -27.7% from PHP 114.4 million as of
December 31, 2011 to PHP 82.8 million as of March 31, 2012. Other receivables as of March 31, 2012 and
December 31, 2011 are 3.6% and 5.0% of the total assets as of March 31, 2012 and December 31, 2011,
respectively. Other current assets decreased by PHP 13.8 million or -47.5% from PHP 28.9 million as of
December 31, 2011 to PHP 15.2 million as of March 31, 2012.
Investments in associates decreased by PHP 4.4 million or -19.1% from PHP 23.0 million as of December 31,
2011 to PHP 18.6 million as of March 31, 2012. Property and equipment-net increased by PHP 4.1 million or
21.5% from PHP 19.2 million as of December 31, 2011 to PHP 23.3 million as of March 31, 2012. Goodwill
increased by PHP 0.3 million or 0.3% from PHP 92.7 million as of December 31, 2011 to PHP 93.0 million as
of March 31, 2012 due to foreign exchange adjustment. Deferred tax asset increased by PHP 2.2 million or
44.3% from PHP 5.0 million as of December 31, 2011 to PHP 7.2 million as of March 31, 2012. Software
costs–net increased by PHP 0.1 million or 9.7% from PHP 1.4 million as of December 31, 2011 to PHP 1.6
million as of March 31, 2012. Other noncurrent assets increased by PHP 1.8 million or 4.7% from PHP 38.9
million as of December 31, 2011 to PHP 40.8 million as of March 31, 2012.
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