2015_LCC Annual Report

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Notes to Financial Statements March 31,2015

8.

Accounts Payable and Accrued Liabilities

2015

2014

$

$

Trade payables and accruals Province of Prince Edward Island

1,917,324

2,289,390

220.534

219,665

2,137.858

2.509.055

Debentures Payable

9.

2015

2014

$

$

Charlottetown (Head Office), repayable in equal annual installments of $38,889 including interest, 5.02%, matures March 7, 2015. installments of $38,493 including interest, 4.81%, matures February 28, 2016. installments of $64,156 including interest, 4.81%, matures August 30, 2016. Souris, repayable in equal annual installments of $101,660 including interest, 4.74%, matures March 30, 2017. annual installments of $16,409 including interest, 5.28%, matures June 27, 2017. Charlottetown (Head Office and Warehouse), repayable in equal annual installments of $31 ,393 including interest, 4.37%, matures January 20, 2020. Stratford, repayable in equal annual installments of $86,542 including interest, 4.20%, matures September 13, 2020. O’Leary, repayable in equal annual installments of $49,488 including interest, 4.07%, matures January 2, 2024. Sherbrooke, repayable in equal annual West Royalty, repayable in equal annual Charlottetown (Oak Tree), repayable in equal

37,030

-

36,727

71,770

119,616

175,338

189,727

278,200

44,452

57,809

138,316

162,603

450,726

515,613

366,792

400,000

Total

1,346,356

1,698,363

Less current porLion Long-term portion

329,379

352,007

1.016+977

1,346.356

All debentures are payable to the Province of Prince Edward Island.