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Statement of Financial Position

As at December 31, 2016

2016

2015

$

$

Assets

Current assets

Cash and cash equivalents

1,386,604

2,700,198

Accrued interest receivable

36,223

34,130

Accounts receivable

1,422,485

1,627,439

Prepaids and deposits

343

2,845,312

4,362,110

Investments

(note 3)

5,950,000

4,538,814

Capital assets

(note 4)

73,797

49,101

8,869,109

8,950,025

Liabilities and Net Assets

Current liabilities

Accounts payable and accrued liabilities

826,236

939,863

Net assets

Invested in capital assets

73,797

49,101

Internally restricted – contingency reserve

6,150,054

Unrestricted

1,819,022

7,961,061

8,042,873

8,010,162

8,869,109

8,950,025

Commitments

(notes 5 & 6)

Approved by the Board of Directors

Directors

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

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