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PRINCE EDWARD ISLAND
LIQUOR CONTROL COMMISSION
Statement of Financial Position
March 31,2015
Assets
2015
$
2014
$
Current Assets
Cash
Accounts receivable (Note 5)
Inventory (Note 6)
Prepaid expenses
Non Current Assets
Property, plant, and equipment (Note 7)
2,514,863
777,034
7,458,810
106.325
10.857.032
6.409.164
1,786,650
1,157,310
7,584,881
212,841
10,741,682
6.816.207
Total Assets
Liabilities
17.266.196
17.557.889
Current Liabilities
Accounts payable and accrued liabilities (Note 8)
Due to the Province of Prince Edward Island (Note 15)
Deferred revenue
Current portion of obligations under finance leases (Note 12)
Current portion of debentures payable (Note 9)
2,137,858
12,279,437
129,149
34,576
329,379
14,910,399
2,509,055
12,180,649
122,372
32,249
352,007
15,196,332
Non Current Liabilities
Obligations under finance leases (Note 12)
Debentures payable (Note 9)
1,338,820
1,016.977
2,355,797
1,015,201
1,346,356
2,361,557
Total Liabilities
17.266,196
17,557.889
(The accompanying notes are an integral part of these financial statements.)
Authorized on behalf of the Prince Edward Island Liquor Control Commission
Chair