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CHILLIWACK ECONOMIC PARTNERS CORPORATION
Statement of Financial Position
December 31, 2012 with comparative figures for 2011
2012
2011
Financial assets:
Cash
$ 366,444 $ 109,877
Accounts receivable
191,945
132,092
Short-term investments
1,500,000
-
Loans receivable (Note 2)
509,594
697,003
2,567,983
938,972
Financial liabilities:
Bank indebtedness (Note 3)
-
895,394
Accounts payable and accrued liabilities
283,377
105,001
Demand loans
-
1,800,000
Unearned revenue
43,724
196,288
327,101
2,996,683
Net financial assets (debt)
2,240,882
(2,057,711)
Non-financial assets:
Prepaid expenses
17,904
31,446
Property under development (Note 4)
7,340,761
7,452,265
Tangible capital assets (Note 5)
2,849,781
4,801,045
10,208,446
12,284,756
Accumulated surplus
(Note 6)
$ 12,449,328 $ 10,227,045
Commitments (Note 11)
See accompanying notes to financial statements.
Director
Director
cepco financial statements
62
city of chilliwack
| 2012 annual municipal report