2015
ANNUAL
REPORT
|
Workplace
Safety
&
Prevention
Services
17
Ahead of the Curve | WSPS.CA/AnnualReport The accompanying notes are an integral part of these financial statements.
Workplace Safety & Prevention Services Statement of Financial Position
As at December 31, 2015
2015 2014
Assets
Current assets
Cash and cash equivalents $ 630,324 $ 267,841
Short-term investments (note 3) 34,869,327 36,649,866
Accounts receivable 1,482,781 1,257,301
Prepaid expenses 462,754 500,422
37,445,186 38,675,430
Long-term investments
(note 3) 4,600,000 200,000
Investment in CHSI
(note 4) 2,629,697 2,322,422
Capital assets
(note 5) 892,590 1,090,563
$ 45,567,473 $ 42,288,415
Liabilities
Current liabilities
Accounts payable and accrued liabilities
(note 6) $ 3,566,120 $ 3,860,465
Attendance credits and exit benefits
(note 7) 233,021 310,290
Deferred revenue
(note 8) 146,469 146,469
Deferred capital contributions
(note 9) 230,248 274,812
Employee future benefits
(note 10) 34,659,300 37,803,600
38,835,158 42,395,636
Net Assets (Deficiency)
Contributed surplus (note 11) 48,776 48,776
Invested in capital assets 662,342 815,751
Internally restricted
(note 12) 8,006,356 1,836,381
Unrestricted deficit (1,985,159) (2,808,129)
6,732,315 (107,221)
$ 45,567,473 $ 42,288,415
Commitments
(notes 15 and 16)
Approved on behalf of the Executive Board:
Normand Côté Lynn Brownell
Director Director
