PEILCC Annual Report 2024

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31, 2024 PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31, 2024

2024 2024

2023 2023

ASSETS ASSETS

Current Cash Current Cash

$ 3,476,078 1,613,981 10,036,253 $ 3,476,078 1,613,981 10,036,253 147,116 147,116 15,273,428 7,704,997 15,273,428 7,704,997 $ 22,978,425 $ 22,978,425 $ 5,604,312 $ 5,604,312 636,298 636,298 117,021 117,021 13,009,466 13,009,466 - 846,627 - 846,627 20,213,724 2,764,701 20,213,724 2,764,701 $ 22,978,425 $ 22,978,425

$ 2,808,175 1,479,204 10,312,657 $ 2,808,175 1,479,204 10,312,657 181,209 181,209 14,781,245 7,597,284 14,781,245 7,597,284 $ 22,378,529 $ 22,378,529 $ 6,014,971 $ 6,014,971 602,113 602,113 180,851 180,851 12,016,215 12,016,215 47,553 798,785 47,553 798,785 19,660,488 2,718,041 19,660,488 2,718,041 $ 22,378,529 $ 22,378,529

Accounts receivable (Note 5) Accounts receivable (Note 5) Inventory (Note 6)

Inventory (Note 6) Prepaid expense Prepaid expense

Property and equipment (Schedules 1 and 2) Property and equipment (Schedules 1 and 2)

LIABILITIES LIABILITIES

Current Accounts payable and accrued liabilities (Note 7) Current Accounts payable and accrued liabilities (Note 7) Deferred revenue Deferred lease inducements Due to the Province of Prince Edward Island (Note 8) Current portion of debentures payable (Note 9) Current portion of lease liabilities (Note 10) Due to the Province of Prince Edward Island (Note 8) Current portion of debentures payable (Note 9) Current portion of lease liabilities (Note 10) Deferred revenue Deferred lease inducements

Lease liabilities (Note 10) Lease liabilities (Note 10)

Contractual obligations (Note 11) Contractual obligations (Note 11)

On behalf of the Board _____________________________ Chair _____________________________ Commissioner Notes 1 - 20 are an integral part of these financial statements 3 On behalf of the Board _____________________________ Chair _____________________________ Commissioner Notes 1 - 20 are an integral part of these financial statements 3

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PEILCC 2023-2024 Annual Report