Audited Financial Statements 2016
iFinance PCC PLC (the “Issuer”) has finalized and approved the audited financial statements 2016.
The audited financial statements of the Issuer show a total equity and liabilities amounting to twenty-six million four hundred and six thousand six hundred and twenty-eight euro (€ 26,406,628). The cash and cash equivalent at the end of the period amounted to five thousand six hundred and nine euro (€ 5,609).
This is the first submission of the audited financial statements by iFinance PCC PLC since its incorporation on the 19th April, 2016. It is to be noted that given iFinance PCC PLC is a special purpose vehicle established for the issuance of asset backed securities, its profit and loss amounts to zero.
A copy of the audited financial statements 2016 can be downloaded from here.
Trading at the regulated market in Gibraltar is still suspended however, the Board of Directors of the Issuer has sent an application to the competent authority requesting that the suspension be lifted given that the required audited financial statements have been approved and submitted.