|
SEC
MEMORANDUM CIRCULAR NO. 13
Series of 2002
TO
: ALL FINANCING COMPANIES
SUBJECT
: SUBMISSION OF ANNUAL AUDITED FINANCIAL STATEMENTS AND QUARTERLY REPORTS
Every
financing company is hereby required to submit the following:
(1)
Four (4) hard copies of Annual Audited Financial Statements (AAFS) duly stamped
"Received" by the Bureau of Internal Revenue within 120 days from the
end of the fiscal year specified in the corporation's By-Laws (or 105 days from
the end of the fiscal year for a corporation whose securities are registered
under the Revised Securities Act or the Securities Regulation Code);
(2)
A hard copy each of the following Special Forms of Annual Audited Financial
Statements:
-
FCFS1
for every company and each branch
-
FCFS2
- Consolidated (head office and all branches) within the period prescribed
in item (1) above and accompanied by a Certification under oath by the
Treasurer that the Special Forms contain the basic data as those in the hard
copies of the AAFS. A corporation with Gross Sales or Revenue of at least
Ten Million Pesos (P 10,000,000) is required to submit a diskette containing
the electronic copy(ies) of FCFS1 and FCFS2, together with a Certification
under oath by the Treasurer that the diskette contains the same substance or
data as those in the hard copies of the AAFS.
(3)
Two (2) hard copies of the following Special Forms of Quarterly Financial
Statements (QFS) in lieu of the current form of quarterly reports:
Copies
of the forms (FCFS1, FCFS2,
FCQF1 and FCQF2)
are available at the Main Office of this Commission or at its Extension Offices
in the cities of Baguio, Cagayan de Oro, Cebu, Davao, lloilo, Legazpi and
Zamboanga. The forms as well as subsequent modifications thereof may also be
downloaded from the SEC's Website at www.sec.gov.ph.
All
existing Circulars, Orders, Memoranda and other related issuances inconsistent
with this Circular are hereby revoked or modified accordingly.
This
Memorandum Circular shall take effect fifteen (15) days after publication in a
newspaper of general circulation.
29
August 2002.
Mandaluyong
City, Metro Manila, Philippines.
(Original
Signed)
LILIA
R. BAUTISTA
Chairperson
|
