Annual Report 2018 | Page 25

Actsafe Safety Association
Statement of Financial Position
December 31, 2018
2018
$ 2017
$
177,421
230,000
46,166
-
6,008
41,027
500,622 119,503
230,000
8,839
5,921
4,537
37,377
406,177
160,446 220,913
27,849 25,334
688,917 652,424
65,366
74,293
29,019
29,007
7,902
205,587 63,414
-
10,456
29,007
7,265
110,142
17,350 25,252
41,093
264,030 70,100
205,494
Internally restricted (Note 10) 230,000 230,000
Unrestricted 194,887
424,887 216,930
446,930
688,917 652,424
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
GST/HST payable
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
The accompanying notes are an integral part of these financial statements.
Approved by the Board
, Director
Nancy Harwood, Chair
, Director
Cheryl Nex, Treasurer