Workplace Safety & Prevention Services 2012 Annual Report
20
December 31 December 31 January 1
2012 2011 2011
Assets
Current
Cash and cash equivalents (Note 3) $ 11,251,210 $ 7,252,576 $ 6,086,703
Short-term investments (Note 4) 16,189,922 13,600,164 9,578,890
Accounts receivable 1,086,263 1,124,549 1,200,325
Inventory 41,284 72,601 38,017
Prepaid expenses 121,7 12 254,713 283,177
28,690,391 22,304,603 1 7,1 8 7,1 1 2
Restricted cash (Note 5) 564,392 707,440 788,612
Long term investments – – 1,932,777
Investment in CHSI (Note 6) 1,825,076 1,541,918 1,339,227
Capital assets (Note 7) 1,516,688 1,797,107 2,361,949
$ 32,596,547 $ 26,351,068 $ 23,609,677
Liabilities and Net Assets
Current
Accounts payable and accrued liabilities (Note 8) $ 3,145,588 $ 3,617,192 $ 4,224,624
Customer deposits 682,089 991,533 613,100
Vacation payable 422,463 534,198 670,891
Current portion of rental incentive 3,712 3,712 3,712
4,253,852 5,146,635 5,512,327
Rental incentive 26,603 30,315 34,027
Attendance credits (Note 9) 172,044 28,673 90,166
Exit benefits (Note 10) 392,348 678,767 698,446
Deferred MOL revenue (Note 11) 2,041,763 562,808 1,429,809
Deferred capital contributions (Note 12) 382,787 448,535 525,655
Employee future benefits - MOL 42,612 40,084 –
Deferred MOL surplus (Note 13) 1,572,955 1,572,955 1,022,955
Employee future benefits (Note 14) 17,843,000 14,155,600 12,030,300
26,727,964 22,664,372 21,343,685
Net assets
Contributed surplus (Note 15) 48,776 48,776 48,776
Invested in capital assets 1,133,901 1,348,572 1,836,294
Internally restricted for CHSI capital
expenditures (Note 16) 1,043,296 – –
Internally restricted for long term plans (Note 17) 750,000 – –
Unrestricted (Note 18) 2,892,610 2,289,348 380,922
5,868,583 3,686,696 2,265,992
$ 32,596,547 $ 26,351,068 $ 23,609,677
Workplace Safety & Prevention Services
Balance Sheet
The accompanying notes are an integral part of these financial statements
On behalf of the Executive Board:
Director
Director
