Tourism Saskatchewan - IndustryMatters.com

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YEAR ENDED SEPTEMBER 30, 2011 Internally Internally Internally Restricted for Restricted for Internally Invested Restricted for President’s Education Restricted in Capital Partnership Marketing and for Unrestricted Assets Marketing Advisory Training Initiatives Operations Total 2011 Total 2010 BALANCE, BEGINNING OF YEAR $1,345,007 $102,744 $78,521 $8,606 - $67,164 $1,602,042 $1,727,608 Excess (deficiency) of revenue (678,524) (1) (35,825) (60,417) (8,606) - 1,633,935 850,563 (125,566) Purchase of capital assets 271,969 - - - - (271,969) - - Repayment of capital asset loan (Note 8) 643,229 - - - - (643,229) - - Interfund transfers (Note 10) - 146,488 23,366 120,924 245,123 (535,901) - - NET ASSETS, ENDING $1,581,681 $213,407 $41,470 $120,924 245,123 $250,000 $2,452,605 $1,602,042 See ac<strong>com</strong>panying notes to financial statements. (1) Consists of: Amortization expense $821,858 Amortization of deferred contributions related to capital assets (Note 8) (143,334) Decrease in net assets invested in capital assets $678,524 46
YEAR ENDED SEPTEMBER 30, 2011 OPERATING ACTIVITIES 2011 2010 Excess (deficiency) of revenue $850,563 $(125,566) Add (deduct) items not requiring cash: Amortization of capital assets 821,858 759,415 Amortization of deferred contributions related to capital assets (Note 9) (143,334) (143,334) 1,529,087 490,515 Net change in non-cash working capital working items (Note 12) 313,800 (802,431) Net cash generated (used) from operating activities 1,842,887 (311,916) INVESTING ACTIVITIES Purchase of capital assets (271,969) (1,456,414) Net cash (used) in investing activities (271,969) (1,456,414) FINANCING ACTIVITIES Proceeds of leasehold loan (Note 8) - 650,000 Repayment of leasehold loan (Note 8) (643,229) (6,771) Net cash (used) generated from financing activities (643,229) 643,229 Net increase (decrease) in cash 927,689 (1,125,101) Cash, beginning of year 720,919 1,846,020 Cash, end of year $1,648,608 $720,919 See ac<strong>com</strong>panying notes to financial statements. 47
Page 2 and 3: illion in travel expenditures in 20
Page 4 and 5: Saskatchewan’s tourism sector exp
Page 6 and 7: The tourism sector in Saskatchewan
Page 8 and 9: Membership Over 1,700 Marketing Dir
Page 10 and 11: Tourism Saskatchewan is governed by
Page 12 and 13: This past year has been one of cont
Page 14 and 15: 12 The past year has been a tumultu
Page 16 and 17: Instilling a “Culture of Quality
Page 18 and 19: The 2010-2011 fiscal year was a per
Page 20 and 21: Tourism Saskatchewan underwent some
Page 22 and 23: One of Tourism Saskatchewan’s End
Page 24 and 25: events. Overall, close to 3 million
Page 26 and 27: The Ministry of Government Services
Page 30 and 31: announcement of major highway impro
Page 32 and 33: certification in tourism profession
Page 34 and 35: 32 One of Tourism Saskatchewan’s
Page 36 and 37: 34 Cultural Partnership In 2010, To
Page 40 and 41: Tourism Saskatchewan has introduced
Page 42 and 43: Several Task Team members were a pa
Page 44 and 45: To the Members of Tourism Saskatche
Page 46 and 47: AS AT SEPTEMBER 30, 2011 2011 2010
Page 50 and 51: YEAR ENDED SEPTEMBER 30, 2011 1. DE
Page 52 and 53: YEAR ENDED SEPTEMBER 30, 2011 50 3.
Page 54 and 55: YEAR ENDED SEPTEMBER 30, 2011 c) Ed
Page 56 and 57: YEAR ENDED SEPTEMBER 30, 2011 ADMIN
Page 58 and 59: YEAR ENDED SEPTEMBER 30, 2011 MEMBE
Page 60: Photography by Davin Andrie, Paul A

Tourism Saskatchewan - IndustryMatters.com

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