Financial statements, March 31, 2014

3. Statement of financial position

Financial position (in thousands of dollars), 2014 and 2013
  2014 $ 2013 $
Assets
Current assets
Cash in transit 494 262
Accounts receivable [note 3] 9,629 7,492
Other assets 377 260
Total current assets 10,500 8,014
Long-term
Capital assets [note 4]
At cost 35,220 34,804
Less: Accumulated amortization (27,337) (26,830)
Total long-term assets 7,883 7,974
Total assets 18,383 15,988
Liabilities and net liabilities
Current accounts payable and accrued liabilities [note 5] 1,196 1,654
Current salaries payable [note 6] 3,324 18,724
Current vacation, overtime payable, and compensatory leave payable 1,898 2,760
Current deferred revenue 603 126
Current portion of employee severance benefits [note 7] 2,984 1,739
Total current liabilities 10,005 25,003
Long-term employee severance benefits [note 7] 2,733 10,318
Total liabilities 12,738 35,321
Net assets (liabilities)
Contributed capital 4,941 4,941
Accumulated net charge against the Fund's authority [note 8] (35,610) (29,070)
Accumulated surplus 36,314 4,796
Total net liabilities 5,645 (19,333)
Total 18,383 15,988
Contractual obligations [note 10]    
Contingent liabilities [note 11]    

The accompanying notes are an integral part of the financial statements.

Approved by:

Elwin Hermanson
Chief Commissioner

Cheryl Blahey
Chief Financial Officer