| |
Statement of Financial Position
as at March 31, 2009
| |
2009 $ |
2008 $ |
| ASSETS |
|
|
| Current Assets |
|
|
| Cash Note 3 |
|
|
| Operating |
2,421,144 |
2,133,562 |
| Deferred revenue |
4,700,922 |
4,221,649 |
| Restricted net assets |
7,416,264 |
5,803,898 |
| Accounts receivable |
70,651 |
83,525 |
| Prepaid expenses |
682,600 |
442,085 |
| |
15,291,581 |
12,684,719 |
| Equipment Note 4, 10 |
2,379,755 |
1,897,876 |
| Total Assets |
17,671,336 |
14,582,595 |
| |
|
|
| LIABILITIES |
|
|
| Current Liabilities |
|
|
| Accounts payable and accrued liabilities |
1,333,301 |
760,492 |
| Current portion of deferred revenue Note 5
|
3,561,841 |
2,207,812 |
| Current portion of lease inducement Note 6 |
119,147 |
- |
Current portion of deferred contributions
related to equipment Note 7, 10 |
- |
3,127 |
| |
5,014,289 |
2,971,431 |
| Long-Term Liabilities |
|
|
| Deferred revenue Note 5 |
2,407,993 |
2,493,110 |
| Lease inducement Note 6 |
153,119 |
- |
Deferred contributions related
to equipment Note 7, 10 |
- |
782 |
| |
2,561,112 |
2,493,892 |
| Total Liabilities |
7,575,401 |
5,465,323 |
| |
|
|
Net Assets
|
|
|
| Internally restricted net assets Note 8 |
7,716,180 |
7,219,396 |
| Invested in equipment Note 8 |
2,379,755 |
1,897,876 |
| |
|
|
| Total Net Assets |
10,095,935 |
9,117,272 |
| Total Liabilities and Net Assets |
17,671,336 |
14,582,595 |
Approved on behalf of the board:
Richard Anderson,
Chair, CIRA Audit Committee
Paul Andersen,
Chairman, CIRA Board of Directors
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|
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