Consolidated Balance Sheet as at December 31, 2009

(in thousands of dollars)

  2009  2008 
 

Assets

Current assets

   
Cash 771  1,046 
Short-term investments - at market, including accrued interest 13,675  16,209 
Accounts receivable 465  589 
Deposits and prepaid expenses (note 6(c)) 3,121  173 
  18,032  18,017 

Property and equipment

(note 3)
3,442  3,750 
  21,474  21,767 

Liabilities

Current liabilities

   
Accounts payable and accrued liabilities 3,102  3,688 
Deferred revenue 953  1,199 
  4,055  4,887 

Deferred capital contribution

428  654 

Deferred lease inducements

(note 6(a))
578  776 
  5,061  6,317 

Members’ Equity (note 4)

Invested in property and equipment

(note 5)
2,436  2,320 

Internally restricted

   
Reserve for working capital 2,849  3,188 
Reserve for fee stabilization 963  – 
Reserve for stabilization of facility costs 9,721  9,498 

Unappropriated balance

444  444 
  16,413  15,450 
  21,474  21,767 

Commitments

(note 6)
   

On Behalf of the Council

Signature: Liz Papadopoulos

Liz Papadopoulos

OCT, Council Chair

Signature: Michael Salvatori

Michael Salvatori

OCT, Registrar and Chief Executive Officer