PEILCC Annual Report 2025

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Changes in Equity Year Ended March 31, 2025

2025

2024

Retained earnings - beginning of year

$

-

$

-

23,540,576

Net income (Statement 5)

24,196,320

23,540,576 (23,540,576)

24,196,320 (24,196,320)

Annual income distribution to Province of Prince Edward Island

$ PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Profit or Loss Year Ended March 31, 2025 -

Retained earnings - end of year

$

-

2025

2024

PLAN A SAFE RIDE HOME

Revenues

$ 97,809,496

Sales (Note 11)

$ 96,668,019

57,466,271

Cost of sales (Note 6)

56,901,891

40,343,225

Gross margin

39,766,128

Expenses Amortization of property and equipment (Schedules 1 and 2) Amortization of right-of-use assets (Schedules 1 and 2)

756,739 686,266 936,645 360,675

717,056 608,538 909,064 324,536

Credit and debit card charges Insurance and property taxes (Note 12) Interest on debentures (Note 12)

-

1,935

234,979 175,419 497,979 1,100,123 13,372,285 1,131,659 127,791 883,109

Interest on obligations under capital lease (Note 9)

231,358 261,705 508,160 1,028,824 12,815,319 679,898 109,564 877,958

Operating leases

Other operating (Note 13) Repairs and maintenance

Salaries and benefits (Notes 12, 14)

Store and office

Travel Utilities

20,263,669

19,073,915

Income from operations Other revenues (Note 15)

20,079,556 3,461,020

20,692,213 3,504,107

Net income

$ 23,540,576

$ 24,196,320

Notes 1 - 19 are an integral part of these financial statements 4

37

PEILCC 2024-2025 Annual Report