Edmonton Regional Airports Authority - Edmonton International Airport

EDMONTON REGIONAL AIRPORTS AUTHORITYBalance SheetDecember 31, 1997, with comparative figures for 1996Assets1997 1996Current assets:Cash and restricted cash (note 4) $ 1,420,726 $ 3,101,232Accounts receivable [note 3(a)(v)] 11,848,672 9,418,931Consumable inventory 561,007 548,221Prepaid expenses and other 255,647 192,46014,086,052 13,260,844Deferred pension charge (note 14) 551,966 274,416Deferred financing charges (note 5) – 279,615Tangible capital assets (note 6) 44,795,996 35,620,349$59,434,014 $49,435,224Liabilities and Equity in Capital AssetsCurrent liabilities:Accounts payable and accrued liabilities [note 6(b)] $6,682,472 $ 5,523,402Deferred rent payable (note 7) 7,449,265 6,850,320Current portion of long-term debt 362,051 1,489,93014,493,788 13,863,652Tenants' security deposits held 530,303 527,184Long-term debt (note 8) 12,400,226 15,153,16227,424,317 29,543,998Equity in capital assets:Contributed capital [note 3(b)] 3,804,915 3,804,915Equity in capital assets 28,204,782 16,086,31132,009,697 19,891,226Subsequent event [note 8(a)]Contingencies (note 17)Commitments (note 18)$59,434,014 $49,435,224See accompanying notes to financial statements.On behalf of the Board:DirectorDirector4