ACEC Annual Report - Association of Consulting Engineering ...

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THE ASSOCIATION 0F CONSULTING ENGINEERS
0F CANADA
STATEMENT 0F FINANCIAL POSITION
MARCH 31,2007
ASSETS 2007 2005
CURRENT ASSETS
Cash $ 71,837 $ 100,012
Banker’s acceptance, 3.85% maturing in April 2007 100,107 100,218
Accounts receivable 45,647 77,509
Inventory 6,835 7,141
Prepaid expenses 53,266 63,428
277,692 348,308
INVESTMENTS 930,548 701,021
FIXED ASSETS 35,899 40,028
$ 1,244,139 $ 1,089,357
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 137,448 $ 62,917
Deferred revenue 76,699 82,350
214,147 145,267
NET ASSETS
Unrestricted 494,093 504,062
Internally restricted as General Reserve 500,000 400,000
Invested in fixed assets 35,899 40,028
1,029,992 944,090
$ 1,244,139 $ 1,089,357
THE ASSOCIATION 0F CONSULTING ENGINEERS
0F CANADA
NOTE TO SUMMARIZED FINANCIAL STATEMENTS
MARCH 31,2007
The attached summarized financial statements contain information taken from the financial statements
of The Association of Consulting Engineers of Canada. They do not, however, contain all the
information included in the financial statements and as such are incomplete. Complete audited
financial statements are available upon request from the Association.
Association of Consulting Engineers of Canada • Association des ingénieurs-conseils du Canada