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 |
|
|
|
||
|
|
$41,885 |
$43,401 |
See accompanying notes to financial statements.
Approved on behalf of the Members:
Angela De Palma, OCT
Council Chair
Michael Salvatori, OCT
Chief Executive Officer and Registrar