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
Liz Papadopoulos
OCT, Council Chair
Michael Salvatori
OCT, Registrar and Chief Executive Officer