Statement of Financial Position
As at March 31, 2020, with comparative information for 2019
2020 2019
Assets
Current assets:
Restricted cash $ 18,460,736 $ 18,359,075
Accounts receivable 7,345,373 6,435,201
Grant receivable from Joseph Brant Hospital Foundation 271,987 1,930,331
Inventories 2,021,496 1,838,603
Prepaid expenses 3,582,121 3,698,681
Due from The Joseph Brant Trust 30,398 4,585
Total current assets 31,712,111 32,266,476
Long-term receivables 6,977,063 6,977,063
Interest in The Joseph Brant Trust 1,448,330 1,515,000
Capital assets, net 481,884,861 492,374,549
Total assets $ 522,022,365 $ 533,133,088
Liabilities and Net Assets (Deficit)
Current liabilities:
Bank indebtedness $ 925,294 $ 646,386
Banker’s acceptance 35,953,936 35,903,818
Accounts payable and accrued liabilities 38,026,367 31,986,449
Deferred revenue 623,764 840,769
Current portion of obligations under capital leases 252,878 -
Total current liabilities 75,782,239 69,377,422
Obligations under capital leases 1,327,047 -
Employee future benefit plans 13,630,879 13,389,874
Deferred capital contributions 445,381,102 456,430,511
Total liabilities 536,121,267 539,197,807
Net assets (deficit):
Invested in capital assets 3,145,001 9,288,466
Unrestricted (17,492,233) (15,668,185)
(14,347,232) (6,379,719)
Accumulated remeasurement gains 248,330 315,000
Total net deficit (14,098,902) (6,064,719)
$ 522,022,365 $ 533,133,088
Annual Report 2019–2020 13