Corporate

Workplace Safety & Prevention Services Notes to Financial Statements December 31, 2013 7. CAPItAL ASSEtS 2013 2012 Cost Accumulated Amortization Cost Accumulated Amortization Computer software $ 906,749 $ 906,749 $ 906,749 $ 906,749 Office equipment 1,029,312 1,029,312 1,273,268 1,261,378 Computer equipment 767,663 767,663 767,663 767,663 Furniture 823,883 823,883 823,883 821,404 Leasehold improvements 2,804,623 1,516,302 2,867,499 1,365,180 $ 6,332,230 $ 5,043,909 $ 6,639,062 $ 5,122,374 Net book value $ 1,288,321 $ 1,516,688 During the year the Association disposed of $243,956 (2012 – $423,500) in fully amortized assets and wrote off leasehold improvements of $62,876 (2012 – $nil) with accumulated amortization of $32,836 (2012 – $nil). 8. goVErNMENt rEMIttANCES Included in accounts payable and accrued liabilities are government remittances including federal and provincial sales tax, payroll withholdings and related tax of $Nil (2012 – $Nil). 9. AttENDANCE CrEDItS Prior to January 1, 1991, the former IAPA and prior to January 1, 2001, the former FSA participated in the WSIB Attendance Credits Plan under which certain employees, based upon their accumulated attendance credit days, were provided with payment on retirement or separation. Commencing January 1, 1991, the former IAPA and commencing January 1, 2001, the former FSA were required to discontinue their participation in the WSIB Attendance Credits Plan. Due to past funding arrangements between these Associations and the WSIB, it has been agreed that the WSIB will assume the full liability for attendance credits earned by employees of the Association who commenced employment prior to January 1, 1988 (IAPA) and January 1, 1998 (FSA). The Association, however, will be liable for attendance credits earned by employees hired between those dates and December 31, 1990. WSIB has provided funding for one of the four amalgamated Associations (FSA, IAPA, OSSA and SWPSO). 30 2013 annual report  |  Workplace Safety & Prevention Services

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