Corporate

WSPS 2013 Annual Report

Browse through our library of WSPS policies, annual reports, strategic plans and more.

Issue link: https://www.wsps.ca/resource-hub/i/1406360

Contents of this Issue

Navigation

Page 30 of 43

Workplace Safety & Prevention Services Notes to Financial Statements December 31, 2013 CHSI WSPS 74.36% share Assets $ 3,713,920 $ 2,761,671 Liabilities 749,916 557,638 Net assets $ 2,964,004 $ 2,204,033 Operating results (year ended December 31, 2013): Revenue $ 4,927,603 $ 3,664,166 Expenses (operating) 4,358,495 3,240,977 Excess of revenue over expenses 569,108 423,189 Expenses (transfer to replacement reserve) 59,482 44,232 Increase in net assets $  509,626 $ 378,957 Cash Flows: Operating $  954,987 $ 710,128 Financing (220,000) (163,592) Investing (118,982) (88,475) Increase in cash during year $  616,005 $ 458,061 Investment consists of: 2013 2012 Balance, beginning of year $ 1,825,076 $ 1,541,918 Proportionate share of excess of revenue over expenses 378,957 283,158 Balance, end of year $ 2,204,033 $ 1,825,076 6. INVEStMENt IN CENtrE for HEALtH AND SAfEty INNoVAtIoN (continued) 29 2013 annual report  |  Workplace Safety & Prevention Services

Articles in this issue

Archives of this issue

view archives of Corporate - WSPS 2013 Annual Report