Financial News
<< Back |
View printer-friendly version |
goeasy Ltd. Refiles its 2017 and Q1 2018 Financial Statements and MD&A to Reclassify Certain Items in its Cash Flow Statements |
The refiling was made in connection with a continuous disclosure review of the Company’s disclosure filings by the Specifically, the line-item “net issuance of consumer loans receivable” – which had been classified in the Company’s 2017 cash flow statement as “cash used in investing activities” – was reclassified as “cash used in operating activities.” Additionally, the line-item “purchase of lease assets” which had been classified in the Company’s 2017 and Q1 2018 cash flow statement as “cash used in investing activities” – was reclassified as “cash used in operating activities.” In both instances, the reclassification was made to better align these activities with other revenue generating activities of the Company that were included with “cash used in operating activities.” About goeasy goeasy Ltd. is a leading full-service provider of goods and alternative financial services that provides everyday Canadians with a chance for a better tomorrow, today. goeasy Ltd. serves its customers through two key operating divisions, easyfinancial and easyhome. easyfinancial is a non-prime consumer lender that bridges the gap between traditional financial institutions and costly payday lenders. It is supported by a strong central credit adjudication process and industry leading risk analytics. easyfinancial also operates an indirect lending channel, offering loan products to consumers at the point-of-sale of third party merchants. easyhome is goeasy Ltd.’s. common shares are listed for trading on the TSX under the trading symbol “GSY” and goeasy’s convertible debentures are traded on the TSX under the trading symbol “GSY-DB”. goeasy is rated BB- with a stable trend from For further information contact:
|