Financial statements, March 31, 2015

3. Statement of financial position

Financial position (in thousands of dollars), 2015 and 2014
  2015 $ 2014 $
Assets
Current assets
Cash in transit 807 494
Accounts receivable (note 3) 8,725 9,629
Other assets 268 377
Total current assets 9,800 10,500
Long-term
Capital assets (note 4)
At cost 31,728 35,220
Less: Accumulated amortization (23,369) (27,337)
Total long-term assets 8,359 7,883
Total assets 18,159 18,383
Liabilities and net assets (liabilities)
Current accounts payable and accrued liabilities (note 5) 1,767 1,196
Current salaries payable (note 6) 3,821 3,324
Current vacation, overtime payable, and compensatory leave payable 1,854 1,898
Current deferred revenue 830 603
Current portion of employee severance benefits (note 7) 346 2,984
Total current liabilities 8,618 10,005
Long-term employee severance benefits (note 7) 2,781 2,733
Total liabilities 11,399 12,738
Net assets (liabilities) (note 9) 6,760 5,645
Total 18,159 18,383
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