2021 |
2020 |
||
|
Assets Current assets :
Cash and cash equivalents
|
$ 12,686,553 |
$ |
– |
Restricted cash |
40,249,499 |
18,460,736 |
|
Accounts receivable |
38,754,860 |
7,345,373 |
|
Grant receivable from Joseph Brant Hospital Foundation |
301,615 |
271,987 |
|
Inventories |
2,018,043 |
2,021,496 |
|
Prepaid expenses |
3,943,178 |
3,582,121 |
|
Due from The Joseph Brant Trust |
– |
30,398 |
|
Total current assets |
97,953,748 |
31,712,111 |
|
Long-term receivables |
6,977,063 |
6,977,063 |
Capital assets , net |
468,676,459 |
481,884,861 |
Derivative assets |
2,884,395 |
– |
Interest in The Joseph Brant Trust |
– |
1,448,330 |
|
Liabilities and Net Assets ( Deficit ) Current liabilities :
Bank indebtedness
|
$ |
– |
$ |
925,294 |
Banker ’ s acceptances |
– |
35,953,936 |
||
Accounts payable and accrued liabilities |
56,586,414 |
38,026,367 |
||
Deferred revenue |
839,422 |
623,764 |
||
Current portion of long-term debt |
3,497,000 |
– |
||
Current portion of obligations under capital leases |
365,253 |
252,878 |
||
Total current liabilities |
61,288,089 |
75,782,239 |
Long-term debt |
54,781,000 |
– |
Obligations under capital leases |
1,062,914 |
1,327,047 |
Employee future benefit plans |
14,006,134 |
13,630,879 |
Deferred capital contributions |
431,936,900 |
445,381,102 |
Total liabilities |
563,075,037 |
536,121,267 |
Net assets ( deficit ): Invested in capital assets |
2,283,417 |
3,145,001 |
Unrestricted |
8,248,816 |
( 17,492,233 ) |
10,532,233 |
( 14,347,232 ) |
|
Accumulated remeasurement gains |
2,884,395 |
248,330 |
Total net assets ( deficit ) |
13,416,628 |
( 14,098,902 ) |