EDMONTON, May 24, 2013 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today announced that it has filed amended and restated consolidated financial statements and MD&A for the years ended September 30, 2012, September 30, 2011 and the fifteen month period ended September 30, 2010. The Company has also restated the December 31, 2011, March 31, 2012, June 30, 2012 and December 31, 2012 unaudited interim consolidated financial statements. These consolidated financial statements and MD&A, as initially reported, have been amended and restated to correct for an error resulting from the misunderstanding of the settlement terms and conditions of the March 5, 2004 British Columbia Class Action claim, which resulted in the application of an accounting principle to measure and record the liability as at September 30, 2010 and subsequent reporting periods, that was not appropriate in the circumstances. The restatement resulted in a reduction in net income in the fifteen months ended September 30, 2010 of $6.6 million, or $0.38 per share, an increase in net income in the year ended September 30, 2011 of $1.5 million, or $0.09 per share, and an increase in net loss of $433,000, or $0.03 per share, in the year ended September 30, 2012. The correction of the error resulted in the previously disclosed maximum settlement exposure of $18.8 million being expensed with the majority of the expense being recognized in the fifteen month period ended September 30, 2010. 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 was 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. In conjunction with the restatement, the Company has also restated the consolidated financial statements and MD&A for the year ended September 30, 2011, the fifteen month period ended September 30, 2010, and the three months ended December 31, 2011 to include disclosure of related party transactions consistent with those provided by the Company from March 31, 2012 onwards. Specifically, the restated disclosures include transactions with a privately held entity that raises capital and provides advances to the Company's customers (third-party lender). The privately held entity is controlled by the father of the Senior Vice President of Operations of the Company. The addition of this disclosure did not impact the previously reported financial position or results of operations of the Company. The corrections had no impact on total revenues, operating margin, or cash position and had no impact on compliance with debt covenants in any periods presented.