2015_LCC Annual Report

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Financial Position March 31,2015

2015 $

2014 $

Assets

Current Assets Cash Accounts receivable (Note 5)

2,514,863 777,034 7,458,810 106.325 10.857.032

1,786,650 1,157,310 7,584,881 212,841 10,741,682

Inventory (Note 6) Prepaid expenses

Non Current Assets Property, plant, and equipment (Note 7)

6.409.164

6.816.207

Total Assets

17.266.196

17.557.889

Liabilities

Current Liabilities Accounts payable and accrued liabilities (Note 8) Due to the Province of Prince Edward Island (Note 15) Deferred revenue Current portion of obligations under finance leases (Note 12) Current portion of debentures payable (Note 9)

2,137,858 12,279,437 129,149 34,576 329,379 14,910,399

2,509,055 12,180,649 122,372 32,249 352,007 15,196,332

Non Current Liabilities Obligations under finance leases (Note 12) Debentures payable (Note 9)

1,338,820 1,016.977 2,355,797

1,015,201 1,346,356 2,361,557

Total Liabilities

17.266,196

17,557.889

(The accompanying notes are an integral part of these financial statements.)

Authorized on behalf of the Prince Edward Island Liquor Control Commission

Chair