2006/07 ann ual report - Kids Cancer Care

Investments
Investments are recorded at the lower of cost and net realizable value.
Measurement Uncertainty
Under Canadian generally accepted accounting principles, an important concept in the preparation of financial
statements is the use of estimates in the determination of assets, liabilities, revenues, expenses and excess (deficit)
of revenues over expenses for the year. To the extent that these estimates may vary from actual results, there
would be a corresponding effect on various elements of the financial statements.
3. SHORT TERM INVESTMENTS
In 2007, short term investments consisted of term deposits with a maturity beyond 90 days. In 2006, the short
term investments consisted of term deposits with a maturity beyond 90 days as well as shares of marketable
securities. The market value of the short term investments was $2,589,749 on January 31, 2007 (2006 -
$2,247,654).
4. PROPERTY AND EQUIPMENT
Cost Accumulated Net Book Value
Amortization
2007 2006 2007 2006 2007 2006
Furniture and fixtures $50,334 $49,383 $19,943 $ 9,876 $30,391 $39,507
Computers 8,942 8,942 5,962 2,980 2,980 5,962
Leasehold improvements 10,350 10,350 2,958 1,480 7,392 8,870
$69,626 $68,675 $28,863 $14,336 $40,763 $54,339
5. DEFERRED CONTRIBUTIONS
Deferred contributions represent unspent resources received in the current and prior periods but designated
by the donor for use in specific programs or future operations as noted below. The contributions designated as
Capital Campaign are for support of the Kids Cancer Care Foundation Chair in Pediatric Oncology (KCCF Chair)
and for the Hughes Children’s Cancer Research Centre (HCCRC). Changes in the deferred contributions are as
follows:
Camp Research Capital 2007 2006
Support Support Campaign Total Total
Balance, beginning of the year $ 199,868 $ 469,025 $ 307,402 $ 976,295 $ 329,390
Amount added during the year 623,435 615,496 713,705 1,952,636 976,295
823,303 1,084,521 1,021,107 2,928,931 1,305,685
Amount utilized during the year
Camp support (553,169) - - (553,169) (319,144)
Support for the KCCF Chair
and the HCCRC - (422,414) (1,021,107) (1,443,521) -
Other research support - (159,052) - (159,052) (10,246)
Balance, end of the year $ 270,134 $ 503,055 - $ 773,189 $ 976,295
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