EFTA01378111.pdf

Plentyoffish Media Inc. and subsidiaries Consolidated statement of cash flows Yon astdad December 31. 2013 2014 Ca thousands of CAD) Cash flows from operating activities: Net earnings S 19,292 S 25,658 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 2,073 2,216 Bad debt expense 13 508 Deferred income taxes (5) 6 Changes in assets and liabilities: Accounts receivable (1,455) (1,940) Prepaid and other current assets (558) (227) Accounts payable and accrued expenses and other current liabilities 777 449 Income taxes payable (501) 834 Deferred revenue 2.140 5,704 Other, net (184) 168 Net cash provided by operating activities 21,594 33,178 Cash flows from investing activities: Capital expenditures (2.099) (3.498) Purchases of time deposits (10.000) Transfers to related parties (1,402) (5,198) Transfers from related parties 1.039 6,998 Other, net (44) 22 Net cash used In investing activities (2,506) (11,672) Cash flows from financing activities: Dividends (9,800) (33.850) Net cash used In financing activities (9,800) (33,850) Net increase (decrease) in cash and cash equivalents 9.288 (12.346) Cash and cash equivalents at beginning of period 22,993 32,281 Cash and cash equivalents at end of period E 32,281 $ 19,935 The accompanying notes b consciared 'agent's sta•emergs are an intagra part of these statements F-74 Plentyoffish Media Inc. and Subsidiaries Notes to consolidated financial statements Note 1 —Company overview and basis of presentation Company overview Plentyoffish Media Inc. ("POF") was founded in 2004 in Vancouver, Canada and is a leading provider of subscription-based and ad-supported online personals servicing North America, Europe, Latin America and Australia. Services are provided through websites and mobile applications that POF owns and operates. All references to "POF," the 'Company,""we," "our" or "us" in this report are to Plentyoffish Media Inc. Basis of presentation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") The Company's consolidated financial statements are expressed in Canadian dollars ("CAD"). Basis of consolidation The consolidated financial statements include the accounts of the Company and all entities that are wholly -owned by the Company. All intercompany transactions and balances have been eliminated. Note 2—Summary of significant accounting policies Accounting estimates hap.% vmsw.sec.govrAmlives.redgar'datail SIS189,0001047469150012431'32226458^-talfinti I 1,9201 S 911:17 AIM CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0075271 CONFIDENTIAL SDNY_GM_00221455 EFTA01378111