WSPS.CA | 2022 Annual Report | 13
Workplace Safety & Prevention Services
Statement of Financial Position
As at March 31, 2023
The accompanying notes are an integral part of these financial statements.
2023
$
2022
$
Assets
Current assets
Cash 2,215,520 1,986,266
Short-term investments
(note 3a) 14,028,568 18,393,022
Accounts receivable (note 15) 2,904,944 2,182,160
Prepaid expenses 223,133 256,314
19,372,165 22,817,762
Long-term investments (note 3b)
18,178,758 17,290,183
Capital assets (note 5)
21,984 -
37,572,907 40,107,945
Liabilities
Current liabilities
Accounts payable and accrued liabilities (note 6) 3,749,826 3,550,203
Customer deposits 867,924 1,080,782
4,617,750 4,630,985
Exit benefits (note 7)
69,782 69,782
Deferred capital contributions
21,984 -
Employee future benefits (note 8)
16,382,300 19,952,800
21,091,816 24,653,567
Net Assets
Contributed surplus
48,776 48,776
Internally restricted (note 9)
25,524,200 21,818,400
Unrestricted
(9,091,885) (6,412,798)
16,481,091 15,454,378
37,572,907 40,107,945
Commitments (notes 11 and 12)
Approved on Behalf of the Executive Board
___________________________________ ___________________________________
Jody Young Ajay Bhardwaj
Director Director
