PEILCC Annual Report 2025-2026

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31, 2026

2026

2025

ASSETS

Current

Cash Accounts receivable (Note 5) Inventory (Note 6) Prepaid expense

$2,890,485 1,576,939 11,371,979 160,689 16,000,092 7,626,128

$3,650,673 1,737,857 11,798,966 170,493

17,357,989 8,458,014

Property and equipment (Schedules 1 and 2)

$ 23,626,220

$ 25,816,003

LIABILITIES

Current Accounts payable and accrued liabilities (Note 7) Deferred revenue Deferred lease inducements Due to the Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9)

$5,641,286 734,578 - 15,362,869 849,219

$5,729,377 683,073 53,191 13,811,583 823,949

22,587,952 3,228,051

21,101,173 2,525,047

Lease liabilities (Note 9)

$25,816,003

$ 23,626,220

Contractual obligations (Note 10)

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

36 | PEILCC 2025-2026 Annual Report