PEILCC Annual Report 2025-2026

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Cash Flow March 31, 2026

2026

2025

Cash flows from operating activities Net income Items not affecting cash:

$21,359,517

$ 23,540,576

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

762,628 748,643

756,739 686,266

Changes in non-cash working capital: Accounts receivable Inventory Prepaid expense Accounts payable and accrued liabilities Deferred revenue

22,870,788

24,983,581

(160,918) (426,987) (9,804) (88,091) 51,505

37,042 (1,335,726)

(13,573) 125,065 46,775

(634,295)

(1,140,417)

22,236,493

23,843,164

Cash flows from investing activities

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

(906,042) (1,437,116)

(961,139) (402,997)

(2,343,158)

(1,364,136)

Cash flows from financing activities Annual income distribution to Province of Prince Edward Island Advances from the Province of Prince Edward Island

(21,359,517) 1,551,286 (708,841)

(23,540,576) 802,117 (665,329)

Repayment of lease liabilities Proceeds from lease liabilities Deferred lease inducements

1,437,116 (53,191)

402,997 (63,830)

(19,133,147)

(23,064,621)

Increase (decrease) in cash Cash - beginning of year Cash - end of year

760,188 2,890,485 $3,650,673

(585,593) 3,476,078 $2,890,485

Cash consists of: Cash on hand

$125,815 3,524,858 $3,650,673

$125,290 2,765,195 $2,890,485

Cash in financial institutions

Cash flow supplementary information Interest paid

$275,666

$234,979

38 | PEILCC 2025-2026 Annual Report