Stone Investment Group Limited Reports Annual Results
January 29 2013 - 10:06AM
Marketwired Canada
Stone Investment Group Limited ("SIG") yesterday released its audited annual
financial results for the year ended September 30, 2012.
The full financial statements for the year, including Management's Discussion
and Analysis, are available on SEDAR at www.SEDAR.com.
Restatement and Refiling of Interim Financial Statements
In the preparation of the annual audited financial statements of SIG, it was
determined that, in accordance with IFRS, the Limited Recourse Liability related
to DSC Financing (the "Limited Recourse Liability") should not be presented as a
liability on the balance sheet of SIG. As a result, the annual audited financial
statements of SIG for the year ended September 30, 2012 under IFRS are
consistent with the annual financial statements of SIG for prior years under
Canadian GAAP whereby the Limited Recourse Liability is not characterized as a
liability on the balance sheet of SIG. The interim unaudited financial
statements of SIG for the first, second and third quarters of the fiscal year
ended September 30, 2012 were prepared and filed on the basis that the Limited
Recourse Liability was characterized under IFRS as a liability. SIG has
determined that it will prepare and refile revised interim financial statements
for the first, second and third quarters of the fiscal year ended September 30,
2012 on the basis that the Limited Recourse Liability is not presented as a
liability of SIG.
About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.
Stone Investment Group Limited, through its wholly-owned subsidiaries, Stone &
Co. Limited and Stone Asset Management Limited, structures and manages
high-quality investment products for Canadian investors.
FOR FURTHER INFORMATION PLEASE CONTACT:
Stone Communication Services Limited
Jason Stone
Investor Relations
416 867 2536 or 800 336 9528
jasons@stoneco.com
www.stoneco.com
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