Workplace Safety & Prevention Services
Statement of Financial Position
As at March 31, 2022
The accompanying notes are an integral part of these financial statements.
2022
$
2021
$
Assets
Current assets
Cash 1,986,266 12,445,069
Short-term investments (note 3a) 18,393,022 9,005,254
Accounts receivable (note 15) 2,182,160 2,198,849
Prepaid expenses 256,314 297,999
22,817,762 23,947,171
Advances to related party (note 12)
- 1,843,225
Long-term investments (note 3b)
17,290,183 19,667,713
Capital assets (note 5)
- 50,335
40,107,945 45,508,444
Liabilities
Current liabilities
Accounts payable and accrued liabilities (note 6) 3,550,203 3,617,551
Customer deposits 1,080,782 598,392
4,630,985 4,215,943
Exit benefits (note 7)
69,782 127,560
Deferred capital contributions
- 50,335
Employee future benefits (note 8)
19,952,800 23,115,900
24,653,567 27,509,738
Net Assets
Contributed surplus
48,776 48,776
Internally restricted (note 9)
21,818,400 18,517,500
Unrestricted
(6,412,798) (567,570)
15,454,378 17,998,706
40,107,945 45,508,444
Commitments (notes 11 and 12)
