Annual Report 2019 | Page 25

SUMMARY STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS 2019 2018 $151,990 $114,275 817,591 454,895 Accounts receivable 60,366 79,269 Prepaid expenses 58,425 92,105 1,088,372 740,544 Current assets Cash Investments LIABILITIES AND NET ASSETS 2019 2018 $227,381 $269,001 78,063 100,101 305,444 369,102 Current liabilities Accounts payable and accrued liabilities Capital lease obligations — short term portion Long term liabilities Capital lease obligations — long term portion 78,063 305,444 447,165 Invested in capital assets 1,093,773 1,041,170 Unrestricted 2,678,991 2,439,543 3,772,764 3,480,713 4,078,208 $ 3,927,878 Other assets Investments — long term 1,818,000 1,968,000 Capital assets Tangible 848,502 970,987 Intangible 323,334 248,347 1,171,836 1,219,334 $4,078,208 $3,927,878 Net assets $ COLLEGE OF VETERINARIANS OF ONTARIO ANNUAL REPORT 2019