Workplace Safety & Prevention Services
Notes to Financial Statements
December 31, 2013
12. DEfErrED CAPItAL CoNtrIBUtIoNS
Deferred capital contributions represent the unamortized amount of contributions received for the purchase
of capital assets.
2013 2012
Balance, beginning of year $ 382,787 $ 448,535
Amortization of deferred capital contributions (63,411) (65,748)
Balance, end of the year $ 319,376 $ 382,787
13. DEfErrED MoL SUrPLUS
Prior to the amalgamation, as a result of unauthorized capital asset purchases in 2008, the WSIB required that the cost of
the 2008 unauthorized capital asset purchases reduce the funding from WSIB on a dollar for dollar basis. In the current
year, $1,927,045 (2012 – $Nil) in revenue from MOL has been allocated to deferred MOL surplus to address this deficiency
(Note 19).
14. EMPLoyEE fUtUrE BENEfItS
The Association provides extended health care, dental and life insurance benefits to all employees with the cost of
these benefits recognized on an accrual basis under the CPA Canada Handbook – Accounting section 3461. The accrued
benefit obligation relating to post-retirement benefit plans as at December 31 is as follows:
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2013
annual
report
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Workplace
Safety
&
Prevention
Services
