PEILCC Annual Report 2025-2026

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Notes to Financial Statements March 31, 2026

9. LEASE LIABILITIES

The Commission leases 13 retail outlets, two warehouses and office space. Lease terms are negotiated on an individual basis and contain a wide range of terms and conditions.

2026

2025

$3,348,996 (823,949)

$4,077,270 (849,219)

Current portion

$2,525,047

$3,228,051

Future minimum capital lease payments are approximately:

2027 2028 2029 2030 2031 Thereafter

$849,219 725,969 713,765 656,703 589,114 1,586,991 5,121,761 1,044,491 $4,077,270

Total minimum lease payments Less: amount representing interest at various rates

10. CONTRACTUAL OBLIGATIONS

The Commission has entered into contracts with various suppliers for hardware maintenance, software support services, and security services. The total of these contracts is $2,590,404 and they expire between one and five years.

11. SALES

2026

2025

$140,059,061 24,940,423 17,309,142 $97,809,496

$144,560,507 25,217,978 19,607,441 $99,735,088

Gross receipts Less taxes collected and remitted

Provincial Health Tax Harmonized Sales Tax

Sales

Gross sales for 2025 were impacted by Canada's temporary GST/HST holiday running from December 14, 2024, to February 15, 2025. During this two-month period, the federal government removed the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) on a wide range of qualifying items, including some categories of alcohol products.

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