17
2014
annual
report
|
Workplace
Safety
&
Prevention
Services
The accompanying notes are an integral part of these financial statements.
Workplace safety & Prevention services Balance Sheet
December 31
2014 2013
(Note 2)
assets
current
Cash and cash equivalents
(Note 3) $ — $ 10,325,481
Short term investments
(Note 4) 36,649,866 20,494,966
Accounts receivable 1,257,301 1,631,932
Inventory — 1,581
Prepaid expenses 500,422 127,622
38,407,589 32,581,582
restricted cash
(Note 5) 310,290 339,085
long term investments (Note 6) 200,000 200,000
investment in chSi
(Note 7) 2,322,422 2,204,033
capital assets
(Note 8) 1,090,563 1,288,321
$ 42,330,864 $ 36,613,021
liabilities and Net assets (Deficiency)
current
Bank indebtedness $ 42,449 $ —
Accounts payable and accrued liabilities
(Note 9) 2,843,194 2,134,508
Customer deposits 629,520 587,798
Vacation payable 364,860 353,149
Current portion of rental incentive 3,712 3,712
3,883,735 3,079,167
rental incentive 19,179 22,891
attendance credits
(Note 10) 25,443 15,750
exit benefits
(Note 11) 284,847 323,335
deferred MOl revenue
(Note 12) 146,469 563,469
deferred capital contributions
(Note 13) 274,812 319,376
employee future benefits
(Note 14) 37,803,600 41,220,900
42,438,085 45,544,888
Net assets (Deficiency)
Contributed surplus
(Note 15) 48,776 48,776
Invested in capital assets 815,751 968,945
Internally restricted for CHSI capital expenditures
(Note 16) 1,540,642 1,422,253
Internally restricted for long term plans
(Note 17) 295,739 716,059
Unrestricted (deficit) (2,808,129) (12,087,900)
(107,221) (8,931,867)
$ 42,330,864 $ 36,613,021
On behalf of the Executive Board:
Director Director
