Workplace Safety & Prevention Services Statement of Financial Position
As at March 31, 2017
March 31,
2017
$
December 31,
2015
$
Assets
Current assets
Cash and cash equivalents
1,713,121 630,324
Short-term investments (note 3) 30,289,323 34,869,327
Accounts receivable 1,963,470 1,482,781
Prepaid expenses 818,195 462,754
34,784,109 37,445,186
Long-term investments (note 3) 12,200,000 4,600,000
Investment in CHSI (note 4) 2,877,665 2,629,697
Capital assets (note 5) 676,425 892,590
50,538,199 45,567,473
Liabilities
Current liabilities
Accounts
payable and accrued liabilities (note 6) 3,707,354 2,683,174
Customer deposits 2,176,157 882,946
5,883,511 3,566,120
Attendance credits and exit benefits (note 7) 186,767 233,021
Deferred revenue (note 8) 146,469 146,469
Deferred capital contributions (note 9) 174,543 230,248
Employee future benefits (note 10) 28,566,200 34,659,300
34,957,490 38,835,158
Net Assets
Contributed surplus 48,776 48,776
Invested
in capital assets 501,882 662,342
Internally restricted (note 11) 16,814,424 8,006,356
Unrestricted deficit (1,784,373) (1,985,159)
15,580,709 6,732,315
50,538,199 45,567,473
Commitments (notes 13 and 14)
Approved on Behalf of the Executive Board:
George J. R. McClean Lynn Brownell
Director Director
The accompanying notes are an integral part of these financial statements.
242016 | 2017 Annual Report Workplace Safety & Prevention Services
