Hazel F. Gloria
CEBU CITY,
Mar 8 (PIA) --- The Securities Exchange Commission (SEC) urged all Stock or
Non-Stock corporations to file their Annual Financial Statements (AFS) at any
time prior to April 13, 2015 at the Commission’s office.
This was announced by SEC Information Officer Atty. Alma
Marie Dalena during the recent Association Government Information Officers
(AGIO) 7 Forum held at the Department of Health (DOH) 7 Regional Office.
In order to maintain an organized and orderly filing of AFS, the
Commission issued a Memorandum Circular for the schedule of filing the AFS of
companies whose current fiscal year ends on December 31, 2014, said Dalena.
Starting April 13, 2015, filing dates shall depend on the last
numerical digit of their SEC Registration or License Number, as follows: April
13 to 17 the last digit is “1” or “2”, April 20 to 24 the last digit is “3” or
“4” while on April 27 to 30 the last digit is “5” or “6”.
On May 4 to 8, the last digit is “7” or “8” and on May 11 to 15,
it is “9” or “0”.
For the corporations whose fiscal year ends on a date other than
December 31, 2014 shall file their AFS within 120 calendar days, explained
Dalena.
Filers may also file online according to the above schedule at the
SEC Website @ www.sec.gov.ph.
Dalena said, “SEC requires the filing of audited financial
statements in order to prevent the fear of loss from reliance on inaccurate
information, thereby encouraging public investment in the Nation's industries.”
That has important implications for investors making investment
decisions, for banks and financial institutions that may extend credit or make
loans to the company, and for other businesses and members of the public who
deal with the company, said Dalena.(HFG/PIA-7/AIGO-7)