Business News • MarketWire • C.A. Bancorp Inc. Reports 2012 Financial Results |
C.A. Bancorp Inc. Reports 2012 Financial Results |
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C.A. Bancorp Inc. Reports 2012 Financial Results
TORONTO, ONTARIO--(Marketwire - March 1, 2013) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced its audited consolidated financial results for the year ended December 31, 2012.
In connection with the advancement of the Company's Realization Strategy (as previously defined) effective October 1, 2010, the Company, in preparing its financial statements (i) applied Accounting Guideline 18 - Investment Companies ("AcG-18") and (ii) adopted the liquidation basis of accounting. As an investment company under AcG-18, C.A. Bancorp has received exemptive relief from the requirement to adopt International Financial Reporting Standards until January 1, 2013. The Company has applied for additional relief extending this period to January 1, 2014 to correspond with the deferral granted by the Canadian Accounting Standards Board to investment companies.
View More : http://www.marketwire.com/mw/release.do?id=1763354&sourceType=3
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