EDMONTON, May 13, 2013 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF) (NYSE: CSFS) today announced that it will restate the previously issued consolidated financial statements for the years ended September 30, 2012; September 30, 2011 and the fifteen month period ended September 30, 2010. The Company will also restate the December 31, 2011; March 31, 2012; June 30, 2012 and December 31, 2012 unaudited interim consolidated financial statements. As disclosed by the Company on May 8, 2013, the release of the financial statements for the three and six month periods ended March 31, 2013 was delayed due to a recently identified increase to the British Columbia class action lawsuit settlement accrual which resulted in an increase in expense of $8.2 million. The Company has since determined that the adjustment was caused by a misunderstanding of the settlement terms and conditions which resulted in the application of the incorrect accounting principle to report the liability as at September 30, 2010. The correction of this error is not related to the Special Investigation initiated by the Special Committee of the Board. The correction of the error effective from September 30, 2010 will result in the maximum exposure of $18.8 million being expensed. The maximum amount of the potential liability was first disclosed in the notes to the financial statements in March 2010, and disclosed thereafter in the annual and quarterly financial statements. The maximum potential exposure consists of approximately $6.2 million in cash, which was paid to the Settlement Administrator in 2011, approximately $6.2 million in credit vouchers, and $6.4 million in legal fees, which was paid to the plaintiff's counsel in 2010. After cash and credit vouchers have been disbursed by the Settlement Administrator, the remaining accrual for unclaimed credit vouchers as of March 31, 2013 is approximately $5.3 million. The Company will revise its accrual for unclaimed cash and vouchers to the extent that the applicable de-recognition criteria have been met which is expected to occur in late fiscal 2014. The correction had no impact on total revenues, operating margin, or cash position and had no impact on compliance with debt covenants in any periods presented.