PEILCC Annual Report 2021

Operational Overview The Prince Edward Island Liquor Control Commission’s Strategic Plan continued to guide activities through fiscal 2020-2021. Progress on strategic objectives is supported by annual business plans that set priorities for actions to meet objectives and timelines for their completion. The following is an overview of the performance in each of the five strategic objectives: Goal 1 Financial Results

Goal To maximize net income within the policy guidelines established by the provincial government.

Objectives

1. Optimize return to government. 2. Grow revenue through effective planning and execution. 3. Continuously improve operational effectiveness and efficiency.

Actual 2019-2020

Target 2020-2021

Actual 2020-2021

% of Target 2020-2021

Target 2021-2022

Gross Receipts

$121,112,506

$95,573,000

$124,316,872

130.08%

$121,000,000

Gross Profit

$35,943,041

$28,381,000

$37,555,456

132.33%

$35,852,100

Operating Expenses

$16,476,245

$18,118,300

$16,917,794

93.37%

$18,814,200

Net Income

$22,468,919

$12,328,300

$23,414,429

189.92%

$19,590,400

Return To Government*

$43,715,692

$29,000,300

$45,242,793

156.01%

$40,695,100

Revenue Per Litre

9.09

9.12

$9.03

99.01%

$9.10

Spirits

38.82

39.20

$39.25

100.13%

$39.50

Beer

5.71

5.78

$5.68

98.27%

$5.72

Wine

17.09

17.16

$17.06

99.42%

$17.15

Wine Coolers

8.81

7.98

$8.77

109.90%

$8.80

Spirit Coolers

7.67

7.53

$7.18

95.35%

$7.28

Draught

2.04

2.27

$1.47

64.76%

$1.55

Operating Expenses as a % of Gross Receipts

13.60%

18.96%

13.61%

71.78%

15.55%

Shrinkage as a % of Gross Receipts

0.01%

0.00%

0.01%

100.00%

0.01%

Inventory Turnover**

Warehouse

62.0

70.0

50.1

71.57%

75.0

Stores

31.5

30.0

30.3

101.00%

30.0

* Inclusive of Net Income and health tax transfers to government ** Measured in days

12

PEILCC 2020-2021 Annual Report