Inspira Financial Release Audited Financial Statements for Year Ended Febbruary 28, 2019
29 June 2019 - 9:30AM
Inspira Financial Inc. (“
Inspira” or the
“
Company”) (TSXV:LND), today posted its audited
financial statements for the year ending February 28, 2019.
The Company’s financial statements for the years
ending February 28, 2019 and 2018 and accompanying Management’s
Discussion & Analysis (MD&A), have been filed on SEDAR and
are available at www.sedar.com. The financial statements reflect a
partial restatement of the consolidated statements of financial
position, changes in shareholders’ equity and operations and
comprehensive loss for the year ended February 28, 2018. Higher
than expected collections on provisioned loans illuminated a need
to restate the provision recorded in the prior year. This
restatement resulted in an increase in credit receivables in the
amount of $1,445,348 in fiscal 2018 for amounts that were
originally recorded as an impairment loss as at February 28, 2018.
The Company continues to aggressively collect on all credit
receivables regardless of provisioned status.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Inspira Financial Inc. Jaime Gerber Interim CEO/Chairman 1 (844)
877-7562 IR@inspirafin.com www.inspirafin.com
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