siast 2006-2007 annual report - Saskatchewan Institute of Applied ...
siast 2006-2007 annual report - Saskatchewan Institute of Applied ...
siast 2006-2007 annual report - Saskatchewan Institute of Applied ...
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION continued<br />
June 30, <strong>2007</strong> with comparative figures for <strong>2006</strong><br />
(in thousands <strong>of</strong> dollars)<br />
33<br />
<strong>2007</strong> <strong>2006</strong><br />
Liabilities and Net Assets<br />
Current liabilities:<br />
Accounts payable and accrued liabilities $ 6,589 $ 4,785<br />
Salaries and benefits payable 6,923 6,797<br />
Unearned revenue (note 8) 5,858 3,461<br />
Deferred grants (note 9):<br />
Saskatoon Trades and Skills Centre 17,181 -<br />
SIAST programming 9,869 1,586<br />
Current portion <strong>of</strong> obligation under capital leases (note 10) 115 185<br />
46,535 16,814<br />
Obligation under capital leases (note 10) 390 71<br />
Deferred contributions (note 11):<br />
Capital 19,823 14,555<br />
Scholarship and other trust funds 1,245 1,076<br />
67,993 32,516<br />
Net assets:<br />
Net assets invested in capital assets 14,384 14,292<br />
Net assets restricted for endowment (note 12) 826 712<br />
Operating net assets 2,955 5,931<br />
18,165 20,935<br />
Commitments (note 13)<br />
See accompanying notes to consolidated financial statements.<br />
On behalf <strong>of</strong> the board:<br />
Wilson Olive, Chair Gay Patrick, Audit Committee Chair<br />
$ 86,158 $ 53,451
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