CR07913-2014

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Sep 30, 2014
2. SEC Identification Number
A200117708
3. BIR Tax Identification No.
219934330
4. Exact name of issuer as specified in its charter
Xurpas Inc.
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F Cambridge Centre, 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 889-6426
9. Former name or former address, and former fiscal year, if changed since last report
Not applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 1,720,000,660
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange; Common Shares (1,720,000,660)
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Sep 30, 2014
Currency (indicate units, if applicable) Philippine Peso
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Sep 30, 2014 Dec 31, 2013
Current Assets 268,593,160 172,248,509
Total Assets 289,506,365 182,145,545
Current Liabilities 61,335,127 51,857,412
Total Liabilities 76,627,201 60,469,108
Retained
Earnings/(Deficit)
61,155,566 108,924,350
Stockholders' Equity 212,879,164 121,676,437
Stockholders' Equity - Parent 198,585,632 111,944,350
Book Value per Share 0.15 5.25
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 86,355,056 76,614,923 275,693,756 171,758,777
Other Revenue 119,520 38,473 405,902 169,790
Gross Revenue 86,474,576 76,653,396 276,099,658 171,928,567
Operating Expense 20,794,912 21,214,218 82,408,712 56,165,811
Other Expense 6,622,129 911,886 16,276,239 9,604,255
Gross Expense 27,417,041 22,126,104 98,684,951 65,770,066
Net Income/(Loss) Before Tax 59,057,535 54,527,292 177,414,707 106,158,501
Income Tax Expense 16,405,728 10,149,627 29,927,602 17,450,975
Net Income/(Loss) After Tax 42,701,807 44,347,665 147,547,105 88,677,526
Net Income Attributable to
Parent Equity Holder
41,201,189 38,554,523 141,041,216 81,493,848
Earnings/(Loss) Per Share
(Basic)
0.06 0.11 0.21 0.22
Earnings/(Loss) Per Share
(Diluted)
0.06 0.11 0.21 0.22
Other Relevant Information

We enclose our amended Quarterly Report for three (3) and nine (9) months ended September 30, 2014. In the unaudited interim financial statements for the nine month period ended September 30, 2014, there was an item in the cost of service that was reclassified into general and administrative expense. Merely a reclassification of expense, this does not change the total expenses, and the resulting income before tax. The revised figures were not correspondingly reflected in the Management Discussion and Analysis. This is the reason for this amendment.

Filed on behalf by:
Name Alexander Corpuz
Designation Chief Information Officer