Driving Innovation Through Research Excellence - AUTO21

Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management
to makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ from those estimates.
3. CASH
Cash represents amounts held in trust by the University of Windsor (“the University”) in accordance with the
Host Agreement:
2006 2005
$ $
Restricted cash 1,532,472 1,575,288
Unrestricted cash 235,824 242,757
1,768,296 1,818,045
Restricted cash represents government and other assistance received, which is subject to NSERC, SSHRC and other
expenditure eligibility requirements.
4. PROPERTY, PLANT AND EQUIPMENT
32
2006
Accumulated
Cost Amortization Net
$ $ $
Computer equipment 50,875 46,998 3,877
Furniture and fixtures 52,912 33,836 19,076
Leasehold improvements 265,017 188,833 76,184
368,804 269,667 99,137
2005
Accumulated
Cost Amortization Net
$ $ $
Computer equipment 47,521 40,151 7,370
Furniture and fixtures 50,937 26,465 24,472
Leasehold improvements 265,017 150,971 114,046
363,475 217,587 145,888
AUTO21 Annual Report 2005-2006