2007 Annual Report - Manitoba Pork Council

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statement of changes in net assetsYear ended December 31Statement of Changes in Net AssetsManitoba Pork Council 2007 Annual Report20Invested Crisisin capital Management Closureassets Fund Fund Unrestricted Total$ $ $ $ $[note 1[b][ii]]Balance, December 31, 2005 372,511 300,000 550,000 2,684,746 3,907,257Excess (shortfall) of revenueover expenses for the year (100,798) — — 147,842 47,044Transfer for capital purchases 32,943 — — (32,943) —Balance, December 31, 2006 304,656 300,000 550,000 2,799,645 3,954,301Change in accounting policy [note 2] — — — 127,287 127,287Balance, January 1, 2007 304,656 300,000 550,000 2,926,932 4,081,588Shortfall of revenue over expenses for the year (140,941) (150,000) — (78,681) (369,622)Transfer for capital purchases 128,393 — — (128,393) —Balance, December 31, 2007 292,108 150,000 550,000 2,719,858 3,711,966See accompanying notes
statement of revenue and expensesYear ended December 31Statement of Revenue and Expenses2007 2006$ $REVENUEMarket hog levy 3,739,051 3,714,674Weanling levy 593,277 522,064Breeding stock levy 8,794 13,949Program revenue 16,903 29,830Investment and other [notes 2 and 5] 8,016 122,9984,366,041 4,403,515EXPENSESAnimal care 114,921 50,392Community relations and sustainable development 46,374 75,898Environmental stewardship 228,669 199,374Food safety 59,201 71,387Foreign animal disease readiness 30,342 10,897Human resources and training 9,445 19,729Industry association 585,950 568,833Public affairs and producer relations 809,935 609,914Quality assurance 72,424 75,773Swine production research [note 11] 280,000 280,000Swine Research and Development Corporation [note 8] 17,600 75,000Trade advocacy 112,267 78,909Workplace safety and health 30,998 24,0332,398,126 2,140,139Administration expenses [schedule] 1,851,380 1,918,4404,249,506 4,058,579Excess of revenue over expenses before the following 116,535 344,936Trade challenge levy 9,263 32,812125,798 377,748Share of shortfall of revenue over expenses ofManitoba Hog Grading Inc. [note 5] (4,479) (4,906)121,319 372,842NCLE Capital Funding [note 10] — (150,000)Glenlea Farm Education Centre Funding [note 10] (200,000) (75,000)(78,681) 147,842Amortization expenses (140,941) (100,798)Country of Origin Labeling campaign costs [note 1[b][ii]] (150,000) —Excess (shortfall) of revenue over expenses for the year (369,622) 47,044Manitoba Pork Council 2007 Annual Report21See accompanying notes
Page 1 and 2: Manitoba Pork Council2007 Annual Re
Page 3 and 4: table of contentsTable of ContentsC
Page 5 and 6: general managers’s letterAndrew D
Page 7 and 8: delegates 2007/delegates serving on
Page 9 and 10: oard of directors/manitoba pork cou
Page 11 and 12: manitoba initiativesProducer & Indu
Page 13 and 14: manitoba initiativesCommunity Relat
Page 15 and 16: manitoba initiativesResearch & Envi
Page 17 and 18: national initiativesPork Marketing
Page 19 and 20: fi nancial statementsManitoba Pork
Page 21: alance sheetAs at December 31Balanc
Page 25 and 26: schedule of administration expenses
Page 27 and 28: notes to fi nancial statementsDecem
Page 29 and 30: notes to fi nancial statementsDecem
Page 31 and 32: the end

2007 Annual Report - Manitoba Pork Council

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