Workplace Safety & Prevention Services Balance Sheet
December 31
2013 2012
Assets
Current
Cash and cash equivalents
(Note 2) $ 10,325,481 $11,251,210
Short term investments
(Note 3) 20,494,966 16,189,922
Accounts receivable 1,631,932 1,086,263
Inventory 1,581 41,284
Prepaid expenses 127,622 121,712
32,581,582 28,690,391
Restricted cash
(Note 4) 339,085 564,392
Long term investments
(Note 5) 200,000 —
Investment in CHSI
(Note 6) 2,204,033 1,825,076
Capital assets
(Note 7) 1,288,321 1,516,688
$ 36,613,021 $32,596,547
Liabilities and Net Assets
Current
Accounts payable and accrued liabilities
(Note 8) $ 2,134,508 $ 3,145,588
Customer deposits 587,798 682,089
Vacation payable 353,149 422,463
Current portion of rental incentive 3,712 3,712
3,079,167 4,253,852
Rental incentive 22,891 26,603
Attendance credits
(Note 9) 15,750 172,044
Exit benefits
(Note 10) 323,335 392,348
Deferred MOL revenue
(Note 11) 563,469 2,041,763
Deferred capital contributions
(Note 12) 319,376 382,787
Employee future benefits – MOL — 42,612
Deferred MOL surplus
(Note 13) 3,500,000 1,572,955
Employee future benefits (Note 14) 21,883,000 17,843,000
29,706,988 26,727,964
Net assets
Contributed surplus
(Note 15) 48,776 48,776
Invested in capital assets 968,945 1,133,901
Internally restricted for CHSI capital expenditures
(Note 16) 1,422,253 1,043,296
Internally restricted for long term plans
(Note 17) 716,059 750,000
Unrestricted
(Note 18) 3,750,000 2,892,610
6,906,033 5,868,583
$ 36,613,021 $32,596,547
On behalf of the Executive Board:
Director Director
The accompanying notes are an integral part of these financial statements.
20
2013
annual
report
|
Workplace
Safety
&
Prevention
Services
