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WSPS 2012 Annual Report

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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

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