PEILCC Annual Report 2022

Operational Overview The Prince Edward Island Liquor Control Commission’s Strategic Plan continued to guide activities through fiscal 2021-2022. 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: Strategic Goal 1 • Business 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 2020-2021

Target 2021-2022

Actual 2021-2022

% of Target 2021-2022

Target 2022-2023

PERFORMANCE MEASURES

Gross Receipts

$124,316,872

$121,000,000

$131,560,947

108.73%

$131,800,000

Gross Profit

$37,555,456

$35,852,100

$39,004,601

108.79%

$39,450,000

Operating Expenses

$16,917,794

$18,814,200

$17,334,801

92.14%

$20,084,500

Net Income

$23,414,429

$19,590,400

$24,913,541

127.17%

$22,157,100

Return To Government*

$45,242,793

$40,695,100

$47,968,354

117.87%

$45,327,100

Revenue Per Litre

$9.03

$9.10

$9.34

102.64%

$9.53

Spirits

$39.25

$39.50

$40.86

103.44%

$40.86

Beer

$5.68

$5.72

$5.86

102.45%

$5.88

Wine

$17.06

$17.15

$17.38

101.34%

$17.38

Wine Coolers

$8.77

$8.80

$17.62

200.23%

$17.62

Spirit Coolers

$7.18

$7.28

$6.98

95.88%

$6.98

Draught

$1.47

$1.55

$1.84

118.71%

$1.85

Operating Expenses as a % of Gross Receipts

13.61%

15.55%

13.18%

84.76%

15.24%

Shrinkage as a % of Gross Receipts

0.01%

0.01%

0.03%

-300.00%

0.01%

Inventory Turnover**

Warehouse

50.1

75.0

54.5

72.67%

75.0

Stores

30.3

30.0

30.1

100.33%

30.0

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

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PEILCC 2021-2022 Annual Report