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2018 Annual Report / Financial Performance /

Statement of Operations

Year ended December 31, 2018, with comparative information for 2017

2018 ($)

2017 ($)

Revenue:

Services and related fees

	2018 ($)	2017 ($)
Installation permits	$37,588,491	$33,405,574
Operating permits	15,582,264	16,074,285
Certification and licensing	4,212,530	3,701,207
Design registration	2,127,654	2,060,635
Inspections	2,115,545	2,016,701
ASA and ESA	1,295,648	1,177,400
Equipment approvals	976,910	1,129,379
Miscellaneous	824,883	662,403
	$64,723,925	$60,227,584

64,723,925

60,227,584

Investment and other income

	2018 ($)	2017 ($)
Investment income	802,547	465,349
Change in fair value on investments	(473,503)	253,413
	329,044	718,762

Interest income on cash balances	133,700	80,676
Gain on disposal of property and equipment	142,746	92,599
Monetary penalties issued	274,022	370,200
	879,512	1,262,237

879,512

1,262,237

65,603,437

61,489,821

Expenses:

Salaries and benefits

44,332,073

39,885,474

General, operating and administration

7,479,518

6,258,765

Amortization and writedown of property, equipment and intangible assets

4,398,200

4,077,354

Building occupancy

5,020,044

3,032,734

Communications and information services

3,529,035

3,245,055

Transportation

2,553,176

2,357,854

Corporate governance

515,708

494,019

67,827,754

59,351,255

Excess (deficiency) of revenue over expenses

(2,224,317)

2,138,566

Download the full 2018 Annual Report

For full Independent Auditors' Report, financial statements and accompanying notes.

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Financial Performance

Statement of Financial Position

Statement of Changes in Net Assets

Statements of Cash Flows