PEILCC Annual Report 2024

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Cash Flow Year Ended March 31, 2024

2024

2023

Cash flows from operating activities Net income Items not affecting cash: Amortization of property and equipment Amortization of right-of-use assets

$ 24,196,320

$ 25,171,307

717,056 608,538

825,121 642,628

25,521,914

26,639,056

Changes in non-cash working capital: Accounts receivable

(134,777) 276,404 34,093 (410,636) 34,185

(52,565) (1,102,504) (37,928)

Inventory

Prepaid expense

Accounts payable and accrued liabilities

781,978 44,366

Deferred revenue

(200,731)

(366,653)

PLEASE DON’T DRINK & DRIVE

25,321,183

26,272,403

Cash flows from investing activities

(766,069) (667,261)

Purchase of property and equipment Purchase of right-of-use assets

(347,794) (1,009,667)

(1,433,330)

(1,357,461)

Cash flows from financing activities

(24,196,320)

Annual income distribution to Province of Prince Edward Island Advances from the Province of Prince Edward Island

(25,171,307) 410,145 (45,693) (598,316) 1,009,667 (63,830)

993,251 (47,553) (572,759) 667,261 (63,830)

Repayment of debentures payable Repayment of lease liabilities Proceeds from lease liabilities Deferred lease inducements

(23,219,950)

(24,459,334)

Increase in cash

667,903

455,608

Cash - beginning of year

2,808,175

2,352,567

Cash - end of year

$ 3,476,078

$ 2,808,175

Cash consists of: Cash on hand

$ 124,785 3,351,293

$ 122,340 2,685,835

Cash in financial institutions

$ 3,476,078

$ 2,808,175

Cash flow supplementary information Interest paid

$ 233,294

$ 236,842

Notes 1 - 20 are an integral part of these financial statements 6

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PEILCC 2023-2024 Annual Report