Finances

Balance Sheet

(In thousands of dollars)

December 31, 2016, with comparative information for 2015

 

 

2016

2015

 

 

$

$

 

Assets

Current assets:

 

Cash

$4,363

$3,321

 

Investments (note 5)

7,073

8,069

 

Accounts receivable

485

930

 

Deposits and prepaid expenses

251

181

 

 

12,172

12,501

 

 

 

 

Capital assets (note 2)

29,713

30,900

 

 

$41,885

$43,401

 

 

 

 

Liabilities and Members’ Equity

 

 

 

 

Current liabilities:

 

Accounts payable and accrued liabilities (note 3)

$4,346

$3,860

 

Deferred revenue

649

517

 

Mortgage payable (note 4)

679

533

 

 

5,674

4,910

 

 

 

 

Mortgage payable (note 4)

15,480

18,089

Members’ equity

20,731

20,402

Commitments and contingencies (note 6 and note 7)

 

 

 

 

$41,885

$43,401

 

See accompanying notes to financial statements.

Approved on behalf of the Members:

 

Signature of Angela De Palma

Angela De Palma, OCT
Council Chair

 

Signature of Michael Salvatori

Michael Salvatori, OCT
Chief Executive Officer and Registrar

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