Workplace Safety & Prevention Services
Statement of Financial Position
As at March 31, 2020
Approved on Behalf of the Executive Board
___________________________________ ___________________________________
Lynn Brownell Marianne Matichuk
Director Director
The accompanying notes are an integral part of these financial statements.
2020
$
2019
$
Assets
Current assets
Cash and cash equivalents 1,351,360 2,629,490
Short-term investments (note 3) 23,664,053 37,615,856
Accounts receivable 4,481,522 2,456,307
Prepaid expenses 484,195 776,346
29,981,130 43,477,999
Long-term investments (note 3)
14,178,439 5,484,624
Investment in CHSI (note 4)
2,478,067 3,030,128
Capital assets (note 5)
308,630 582,228
46,946,266 52,574,979
Liabilities
Current liabilities
Accounts payable and accrued liabilities 4,612,529 3,938,760
Customer deposits 968,526 2,046,295
5,581,055 5,985,055
Attendance credits and exit benefits (note 7)
203,783 203,783
Deferred revenue (note 8)
146,469 146,469
Deferred capital contributions (note 9)
191,851 337,082
Employee future benefits (note 10)
19,920,400 33,112,000
26,043,558 39,784,389
Net Assets (note 15)
Contributed surplus
48,776 48,776
Invested in capital assets
116,779 245,146
Internally restricted (note 11)
21,616,687 14,332,348
Deficit
(879,534) (1,835,680)
20,902,708 12,790,590
46,946,266 52,574,979
Commitments (notes 13 and 14)
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