MONTREAL, April 29 /CNW Telbec/ - Power Financial Corporation (TSX: PWF)
today made available its 2010 financial information reflecting the
adoption of International Financial Reporting Standards (IFRS), which
replaced Canadian Generally Accepted Accounting Principles effective
January 1, 2011. The 2010 financial information entitled "Power
Financial Corporation - Adoption of International Financial Reporting
Standards" is available on the Corporation's website at http://www.powerfinancial.com/investors.
Power Financial's unaudited interim consolidated financial statements
for the quarter ended March 31, 2011 will be prepared in accordance
with IFRS and will be released on May 12, 2011.
Power Financial Corporation is a diversified management and holding
company with interests, directly or indirectly, in companies in the
financial services sector in Canada, the United States and Europe. It
also has substantial holdings in a diversified industrial group based
in Europe. Power Financial Corporation is a member of the Power
Corporation group of companies.
SOURCE POWER FINANCIAL CORPORATION
For further information:
Mr. Edward Johnson
General Counsel and Secretary