Tourism Saskatchewan - IndustryMatters.com
Tourism Saskatchewan - IndustryMatters.com
Tourism Saskatchewan - IndustryMatters.com
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AS AT SEPTEMBER 30, 2011<br />
2011 2010<br />
ASSETS<br />
CURRENT<br />
Cash (Note 4) $1,648,608 $720,919<br />
Accounts receivable 486,883 715,273<br />
GST receivable (Note 5) 28,964 224,948<br />
Inventory 8,406 11,685<br />
Prepaid expenses 91,373 57,498<br />
2,264,234 1,730,323<br />
LONG TERM<br />
Capital assets (Note 6) 1,581,681 2,131,570<br />
$3,845,915 $3,861,893<br />
LIABILITIES and NET ASSETS<br />
CURRENT<br />
Accounts payable and accrued liabilities (Note 7) $1,352,764 $1,165,763<br />
Current portion of the leasehold loan (Note 8) - 81,250<br />
Unearned revenue 40,546 19,400<br />
Deferred contributions related to capital assets (Note 9) - 143,334<br />
Deferred grant contribution (Note 9) - 288,125<br />
1,393,310 1,697,872<br />
LONG TERM DEBT<br />
Long term portion of the leasehold loan (Note 8) - 561,979<br />
1,393,310 2,259,851<br />
NET ASSETS<br />
Invested in capital assets 1,581,681 1,345,007<br />
Internal restrictions: (Note 10)<br />
Partnership Marketing Fund 213,407 102,744<br />
President’s Marketing Advisory Fund 41,470 78,521<br />
Education and Training Fund 120,924 8,606<br />
Initiatives Fund 245,123 -<br />
Unrestricted 250,000 67,164<br />
2,452,605 1,602,042<br />
$3,845,915 $3,861,893<br />
Commitments (Note 11)<br />
See ac<strong>com</strong>panying notes to financial statements.<br />
APPROVED BY THE BOARD:<br />
Director<br />
Director<br />
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