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    53 views29 pages

    PDAX. Financial Statement

    Uploaded by

    Tom Dantes

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 29
    / PDAX a ee prommenee STATEMENT OF RIN Mean 4 | xchange Commission ‘The|Management of Philippine Digital Asset (the jCompany') 18 responsible for all inka sd pre rtd ‘Return forthe year ended December 31 is ikewise responsible forall information and the Annnal Income Tax Retum covering the same reporting period. Furthermore, the Management ‘including, but not limited, to the valuc added tax and/or percentage tax retums, withholding tax retums, stamp tax returns, and any and all other tax returns. regard, management affirms that the attached audited financial statements as at and for the year ended 31, 2022 and the accompanying Annual Income Tax Retum are in accordance with the books and ‘of the Company, complete and correct in all material respects. Management likewise affirms that: (@| the Annual Income Tax Return has been prepared in accordance with the provisions of the National Intemal Revenue Code, As Amended, and pertinent tax regulations and other issuances of the ‘Department of Finance and the Bureau of Internal Revene: (&)| any disparity of figues in the submitted repons arising fiom the preparation of financial statements pursuant Philippine Financial Reporting Standards (PFRS) and the preparation of the incone tax return ‘pursuant to tax accounting rules has been eported as reconciling items and maintained inthe Company's ‘books and records in accordance withthe requirements of Revere Regulations No, 8-2007 and other ‘eclevant sssuances, and (©| the Company bas filed all applicable ax retums. reports and statements required to be filed under Pitppine tax aw forthe reporting period, and all taxes and other imposiions shown thereon tobe due ‘and payable have been pid forthe reporting period, except thse contested in good fith ‘Signhd thc 30th day of April 2023 #7 PDAX 3181 Floor, Robinsons Cyberscape Gamma, Topaz and Ruby Roads, Pasig City, Metro Mania, Phitpines Pate: 2023-12-18 Time: JeNAaSH9I7AN 1212/Emat conplance@pdKsysername: Angel Duldulao THIS IS]A SYSTEM GENERATED COPY OF THE DOCUMENT FROM THE OFFICIAL RECORD OF THE SEC Date: 2023-| urs 1s Securities on d {RA Exchange q b Commission SIBILITY... sa ceacceael SS UTitieSand "Exchange Commission ‘Management of Philippine Digital AY, te. ! he? “COknfiany”) is ible for the preparation and fair statements including the schedules therein for the years ended December 31, reporting ffamework indicated therein, and for such intemal control as management is necessary to enable the preparation of financial statements that are free from material itement, whether due to fraud or error. the financial statements, management is responsible for assessing the Company's ability ‘as a going concem, disclosing, as applicable, matters related to going concem and using the 1g concer basis of accounting unless management either intends to liquidate the Company or to ‘operations, or has no realistic altemative but to do so. gee ‘Tht Board of Directors is responsible for overseeing the Company's financial reporting process. ‘Board of Directors reviews and approves the financial statements including the schedules attached ‘and submits the same to the stockholders. Manabat & Co,, the independent auditor appointed by the stockholders, has audited the financial of the Company in accordance with Philippine Standards on Auditing, and in its report to agement, has expressed its opinion on the faimess of presentation upon completion of such Ber TKUA Chief Financial Officer Signbd this 308 day of april 2023 47 PDAX 3181 Floor, Robinsons Cyberscape Gamma, Topaz and Ruby Rosde, Pasig City. Metro Manta, Phitppines 2-18 Time: 6 Nava SI7 AN 1212 Emax conplancegraat sm) sername: Angel Duldulao JA SYSTEM GENERATED COPY OF THE DOCUMENT FROM THE OFFICIAL RECORD OF THE SEC Date: 2023-1] i Securities ona ( Exchange 4 > Commission Securiti€Sond Exchange . Commission PHILIPPINES PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX) INC. ‘SEPARATE FINANCIAL STATEMENTS December 31, 2022 and 2021 With Independent Auditors’ Report 2-18 Time: 08:12: 08:12:49 aM Username: Angel Duldulao THIS Is 4 syste "M GENERATED COPY OF THE DOCUMENT FROM THE OFFICIAL RECORD OF THE SEC Securitles ona Exchange KPMG! b Commission _ |» SecuritieSana | Exchange RG. Manabat & Co. Commission ‘The KPMG Center, PHILIPPINES 6787 Ayala Avenue, M Philippines 1209 Telephone +83 (2) 6885 Fax +63 (2) 6804 1985 Intemet wir home koma/ph Email Ph-inquiry@kpmg.com REPORT OF INDEPENDENT AUDITORS The Board of Directors and Shareholders Philippine Digital Asset Exchange (PDAX) Inc. 31st Floor, Robinsons Cyberscape Gamma Topaz and Ruby Roads Pasig City, Metro Manila Report on the Audit of the Separate Financial Statements Opinion ‘We have audited the separate financial statements of Philippine Digital Asset Exchange (PDAX), Inc. (the Company), which comprise of the separate statements of financial position as at December 31, 2022 and 2021, the separate statements of comprehensive loss, changes in equity and cash flows for the years then ended, and notes, comprising significant accounting policies and other explanatory information {In our opinion, the accompanying separate financial statements, present fairly, in all ‘material respects, the unconsolidated financial position of the Company as at December 31, 2022 and 2021, and of its unconsolidated financial performance and cash flows for = Years then ended in accordance with Philippine Financial Reporting Standards (PFRSs). Basis for Opinion We conducted our audit in accordance with Philippine Standards on Auciting (PSAs). Our responsibilities under those standards are further described in the Auditors’ Responsibilties for the Audit of the Separate Financial Statements section of our report We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the separate financial statements in tho Philippinos, and wo have futfiled our other ethical responsibilities in accordance with these requirements We believe that the audit evidence we have obtained is sufficient and appropriate to Provide a basis for our opinion. Frm Regdsty Regist § Accedaton PRC-BOA Regia No O00, vata wet Nove 21,2023 SEC Acereeaten Ns 0003.56, Geup Avant tr fe) yore covery fe sto 202 Sane tomers (2019 thal wares are coved SEC hesedisbon Ne DOOLFR "© Acretaion No. UD34C, Group va Be () yas Coven he Bult 200 fe tea sneert (28 feanc sinemerd are covered by I Crt ets (1) Me 2Ut8.38,Tanson ceuse Pate: 2023-} 7S EEE in OB deteANs Biculy so ce ashenRexnamas, Angel Duldulao THIS TS] SYSTEMSGENERATED? CORY

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