PEILCC Annual Report 2025

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Cash Flow Year Ended March 31, 2025

2025

2024

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

$ 23,540,576

$ 24,196,320

756,739 686,266

717,056 608,538

24,983,581

25,521,914

Changes in non-cash working capital: Accounts receivable

37,042

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

(1,335,726) (13,573) 125,065

Inventory

Prepaid expense

Accounts payable and accrued liabilities

46,775

Deferred revenue

(1,140,417)

(200,731)

23,843,164

25,321,183

Cash flows from investing activities

(961,139) (402,997)

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

(766,069) (667,261)

(1,364,136)

(1,433,330)

Cash flows from financing activities

(23,540,576)

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

(24,196,320)

802,117

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

(665,329) 402,997 (63,830)

(23,064,621)

(23,219,950)

Increase (decrease) in cash

(585,593)

667,903

Cash - beginning of year

3,476,078

2,808,175

Cash - end of year

$ 2,890,485

$ 3,476,078

Cash consists of: Cash on hand

$ 125,290 2,765,195

$ 124,785 3,351,293

Cash in financial institutions

$ 2,890,485

$ 3,476,078

Cash flow supplementary information Interest paid

$ 234,979

$ 233,294

Notes 1 - 19 are an integral part of these financial statements 6

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PEILCC 2024-2025 Annual Report