Statement of Financial Position
March 31, 2019, with comparative information for 2018
Assets
2019
2018
Current assets:
Cash (note 2)
$
17,712,689
$ 15,191,728
Accounts receivable (note 3) 6,435,201 125,475,266
Grant receivable from Joseph Brant Hospital Foundation 1,930,331 Inventories 1,838,603 1,504,948
Prepaid expenses 3,698,681 1,799,912
Due from The Joseph Brant Trust 4,585 -
Total current assets
344,904
31,620,090 144,316,758
Long-term receivable (note 3) 6,977,063 6,977,063
Interest in The Joseph Brant Trust (note 9(c)) 1,515,000 1,453,331
Capital assets, net (note 3)
Total assets
492,374,549 403,408,062
$ 532,486,702 $ 556,155,214
$ $ 10,985,716
Liabilities and Net Assets
Current liabilities:
Bank indebtedness (note 4)
Accounts payable and accrued liabilities (note 3)
35,903,818
31,986,449 163,375,001
Deferred revenue 840,769 3,263,088
Due to The Joseph Brant Trust - 23,836
Current portion of obligation under capital leases (note 5) - 221,206
Total current liabilities 68,731,036 177,868,847
Long-term liabilities (note 6) 13,389,874
Deferred capital contributions (note 7)
Total liabilities
12,706,240
456,430,511 372,045,726
$ 538,551,421
$ 562,620,813
Net assets:
Invested in capital assets (note 8)
Unrestricted
35,944,038
46,085,593
(42,323,757) (52,804,523)
(6,379,719) (6,718,930)
Accumulated remeasurement gains 315,000 253,331
Total net assets (6,064,719) (6,465,599)
$ 532,486,702
$ 556,155,214
Annual Report 2018-2019
27