Annual Report 2017 | Page 25

Actsafe Safety Association
Statement of Financial Position
December 31, 2017
2017
$ 2016
$
119,503
230,000
8,839
5,921
4,537
37,377
406,177 287,246
230,000
8,328
4,944
6,586
27,840
564,944
220,913 286,520
25,334 33,930
652,424 885,394
63,414
10,456
29,007
7,265
110,142 56,390
4,149
29,007
6,685
96,231
25,252 32,516
70,100
205,494 99,107
227,854
Internally restricted (Note 10) 230,000 230,000
Unrestricted 216,930
446,930 427,540
657,540
652,424 885,394
Assets
Current assets
Cash and cash equivalents
Term deposit (Note 3)
Accounts receivable
GST/HST receivable
Interest receivable
Prepaid expenses and deposits
Property and equipment (Note 4)
Rental equipment (Note 5)
Liabilities
Current liabilities
Accounts payable and accrued liabilities
Deferred revenue (Note 6)
Current portion of deferred lease inducements (Note 7)
Current portion of obligation under capital lease (Note 8)
Obligation under capital lease (Note 8)
Deferred lease inducements (Note 7)
Commitments under operating leases (Note 9)
Net assets
See accompanying notes to the financial statements.
Approved by the Board
, Director
, Director