Finances

Statement of Operations

For the year ended December 31, 2013

(in thousands of dollars)

 

2013
$

 

2012
$

 

Revenue

 

 

Annual membership fees

32,922

32,854

Other fees

2,232

2,477

Advertising

1,181

1,152

Special projects

51

76

Interest and other

325

266

 

36,711

36,825

Expenses

 

 

Employee compensation

19,494

18,775

Council and committees

687

748

Services to members and applicants

3,744

3,207

Professional practice

520

670

Investigations and hearings

4,352

3,469

Operating support (note 5)

6,083

7,159

Amortization

2,184

2,097

Council elections

-

280

 

37,064

36,405

Excess (deficiency) of revenue over expenses for the year

(353)

420

Members’ equity – Beginning of year

15,633

15,213

Members’ equity – End of year

15,280

15,633

 

The accompanying notes are an integral part of these financial statements.

 

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