PEILCC Annual Report 2025

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31, 2025 PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31, 2025

2025

2024

2025

2024

ASSETS ASSETS

Current Cash Current Cash

$ 2,890,485 1,576,939 11,371,979 $ 2,890,485 1,576,939 11,371,979 160,689 160,689

$ 3,476,078 1,613,981 10,036,253 $ 3,476,078 1,613,981 10,036,253

Accounts receivable (Note 5) Accounts receivable (Note 5)

Inventory (Note 6) Prepaid expense Inventory (Note 6) Prepaid expense

147,116

147,116

16,000,092 7,626,128 16,000,092 7,626,128

15,273,428 7,704,997 7,704,997

15,273,428

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

$ 23,626,220 $ 23,626,220

$ 22,978,425 $ 22,978,425

LIABILITIES

Current Accounts payable and accrued liabilities (Note 7) Current Accounts payable and accrued liabilities (Note 7)

$ 5,729,377 $ 5,729,377

$ 5,604,312 $ 5,604,312

683,073 53,191 53,191

Deferred revenue Deferred revenue

636,298 117,021

683,073

636,298 117,021

Deferred lease inducements Deferred lease inducements

13,811,583 823,949 13,811,583 823,949 21,101,173 2,525,047 21,101,173 2,525,047

Due to the Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Due to the Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9)

13,009,466

13,009,466 846,627 846,627 20,213,724 2,764,701 2,764,701

20,213,724

Lease liabilities (Note 9) Lease liabilities

$ 23,626,220 $ 23,626,220

$ 22,978,425 $ 22,978,425

Contractual obligations (Note 10) Contractual obligations (Note 10)

On behalf of the Board _____________________________ Chair _____________________________ Commissioner Notes 1 - 19 are an integral part of these financial statements 3 On behalf of the Board _____________________________ Chair _____________________________ Commissioner Notes 1 - 19 are an integral part of these financial statements 3

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PEILCC 2024-2025 Annual Report