| For the year ended March 31 |
2011 |
2010 |
Assets |
|
|
| Current |
|
|
| Cash |
|
|
| Restricted |
$126,812.00 |
$118,066.00 |
| Unrestricted |
391,712.00 |
324,407.00 |
| Term Deposits (Note 1) |
153,827.00 |
153,827.00 |
| Accounts Receivable |
16,810.00 |
54,125.00 |
| GST Recoverable |
35,592.00 |
12,056.00 |
| Prepaid Expenses |
5,055.00 |
1,000.00 |
| |
729,808.00 |
663,481.00 |
| |
|
|
| Capital Assets (Note 2) |
453,330.00 |
494,700.00 |
| |
$1,183,138.00 |
$1,158,181.00 |
| |
|
|
Liabilities and Equity |
|
|
| Current |
|
|
| Accounts Payable and Accrued Liabilities |
$141,084.00 |
$89,853.00 |
| Deferred Revenue (Note 3) |
48,564.00 |
68,805.00 |
| Current Portion of Long-Term Debt (Note 4) |
21,907.00 |
99,040.00 |
| |
211,555.00 |
257698.00 |
| |
|
|
| Long-Term Debt (Note 4) |
382,859.00 |
326,856.00 |
| |
594,414.00 |
584,554.00 |
| |
|
|
| Equity |
|
|
| Surplus |
455,279.00 |
453,222.00 |
| Replacement Reserve Funds |
133,445.00 |
120,405.00 |
| |
$1,183,138.00 |
$1,158,181.00 |
Excerpt from Balance sheet and Statement of Operations contained in the Auditors report. Complete copies of the
2011 Statement are available on request.
|