2018 Annual Report / Financial Performance /
Statement of Financial Position
December 31, 2018, with comparative information for 2017
Assets | 2018 ($) | 2017 ($) |
---|---|---|
Current assets: |
||
- Cash | 5,689,793 | 7,400,143 |
- Accounts receivable
|
2,946,335 | 3,174,064 |
- Leasehold inducement receivable
|
- | 2,880,790 |
- Prepaid expenses | 1,244,295 | 1,280,232 |
- Investments
|
5,432,000 | 6,500,000 |
15,312,423 | 21,235,229 | |
Investments
|
24,443,223 | 23,065,177 |
Intangible assets
|
4,263,880 | 5,483,291 |
Property and equipment
|
11,472,951 | 7,583,222 |
55,492,477 | 57,366,919 | |
Liabilities and Net Assets | 2018 ($) | 2017 ($) |
Current liabilities: | ||
- Accounts payable and accrued liabilities
|
7,059,812 | 7,812,168 |
- Deferred revenue | 16,234,035 | 15,948,765 |
- Current portion of capital lease obligation
|
65,306 | 62,756 |
- Current portion of deferred leasehold inducements
|
320,030 | 328,492 |
23,679,183 | 24,152,181 | |
Capital lease obligation | 181,257 | 246,564 |
Deferred leasehold inducements
|
3,695,502 | 2,684,697 |
Accrued employee future benefits
|
629,322 | 670,238 |
Asset retirement obligation
|
83,238 | - |
28,268,502 | 27,753,680 | |
Net assets: | ||
- Investment in property, equipment and intangible assets | 15,490,268 | 12,757,194 |
- Internally restricted: | ||
Education reserve | 429,122 | 232,860 |
Capital reserve | 5,432,000 | 6,500,000 |
- Unrestricted operating reserve | 5,872,585 | 10,123,185 |
27,223,975 | 29,613,239 | |
Commitments
|
||
Contingencies
|
||
55,492,477 | 57,366,919 |
Download the full 2018 Annual Report
For full Independent Auditors' Report, financial statements and accompanying notes.