Workplace Safety & Prevention Services |14
Workplace Safety & Prevention Services
Statement of Financial Position
As at March 31, 2019
Approved on Behalf of the Executive Board
___________________________________ ___________________________________
Lynn Brownell Eric Preston
Director Director
The accompanying notes are an integral part of these financial statements.
2019
$
2018
$
Assets
Current assets
Cash and cash equivalents 2,629,490 1,372,716
Short-term investments (note 3) 37,615,856 39,999,803
Accounts receivable 2,456,307 1,935,829
Prepaid expenses 776,346 697,497
43,477,999 44,005,845
Long-term investments (note 3)
5,484,624 5,000,000
Investment in CHSI (note 4)
3,030,128 3,422,322
Capital assets (note 5)
582,228 503,493
52,574,979 52,931,660
Liabilities
Current liabilities
Accounts payable and accrued liabilities 3,938,760 4,423,198
Customer deposits 2,046,295 2,084,187
5,985,055 6,507,385
Attendance credits and exit benefits (note 7)
203,783 186,767
Deferred revenue (note 8)
146,469 146,469
Deferred capital contributions (note 9)
337,082 129,979
Employee future benefits (note 10)
33,112,000 31,048,300
39,784,389 38,018,900
Net Assets
Contributed surplus
48,776 48,776
Invested in capital assets
245,146 373,514
Internally restricted (note 11)
14,332,348 15,984,881
Deficit
(1,835,680) (1,494,411)
12,790,590 14,912,760
52,574,979 52,931,660
Commitments (notes 13 and 14)
