Volume I - Finance - Government of Newfoundland and Labrador

56
SUMMARY FINANCIAL STATEMENTS
PROVINCE OF NEWFOUNDLAND AND LABRADOR
Schedule 3
Equity in Government Business Enterprises
As at 31 March 2010
with comparative figures for 2009
NL Liquor
Corporation
3 Apr 2010
Nalcor
Energy
31 Dec 2009
Total
2010
Total
2009
($000) ($000) ($000) ($000)
Equity - beginning of year ..................... 55,377 1,076,500 1,131,877 728,009
Net income for year .......................... 130,938 60,000 190,938 205,368
Accumulated other comprehensive income - see note.. - 5,500 5,500 (3,000)
Capital transactions:
Transfers from government ................. - 40,000 40,000 319,500
Transfers to government .................... (124,000) - (124,000) (118,000)
Equity - end of year .......................... 62,315 1,182,000 1,244,315 1,131,877
Equity represented by:
Assets
Cash and temporary investments ............. 27,500 14,000 41,500 75,879
Receivables ............................. 11,245 158,500 169,745 260,859
Oil and gas properties...................... - 193,800 193,800 112,100
Inventories .............................. 31,770 59,500 91,270 87,336
Prepaid and deferred charges ................ 2,607 72,600 75,207 78,159
Investments ............................. - 56,200 56,200 24,600
Reserve Fund ............................ - 34,800 34,800 23,400
Capital assets ............................ 18,013 1,901,700 1,919,713 1,881,034
Total Assets ................................ 91,135 2,491,100 2,582,235 2,543,367
Liabilities
Accounts payable and accruals ............... 28,820 306,500 335,320 221,890
Deferred Government assistance ............. - 3,100 3,100 -
Borrowings.............................. - 999,500 999,500 1,189,600
Total Liabilities ............................. 28,820 1,309,100 1,337,920 1,411,490
Equity..................................... 62,315 1,182,000 1,244,315 1,131,877
NOTE
Other Comprehensive Income
Other comprehensive income comprises revenues, expenses, gains and losses that are recognized in comprehensive income, but
excluded from net income. Comprehensive income is the change in equity (net assets) of an enterprise during a period of
transactions and other events and circumstances from non-owner sources.