OHA | Statement of Revenue and Expenses
Summarized Statement of Financial Position
Year ended June 30, 2011
(in thousands of dollars)
| |
2011 |
2010 |
| |
$ |
$ |
| Assets |
|
|
| Current |
|
|
| Cash and cash equivalents |
|
|
Demutualization |
- |
22,463 |
ONA Benefit Plan |
20,063 |
20,063 |
| Investments |
|
|
Unrestricted |
22,030 |
16,258 |
Demutualization |
758 |
- |
Employee Future Benefits |
5,164 |
5,143 |
| Accounts receivable |
563 |
562 |
| Membership fees receivable |
8,102 |
7,086 |
| Prepaid expenses and other assets |
72 |
64 |
| |
56,752 |
71,639 |
| |
|
|
| Capital assets |
1,029 |
1,219 |
| |
57,781 |
72,858 |
| Liabilities |
|
|
| Current |
|
|
Unrestricted bank indebtness |
1,969 |
304 |
Accounts payable and accured charges |
3,259 |
2,594 |
Deferred membership fees |
5,379 |
5,285 |
Demutualization benefit |
758 |
22,463 |
ONA Benefit Plan |
21,909 |
21,137 |
Deferred subscription fees - current portion |
87 |
105 |
| |
33,361 |
51,888 |
| |
|
|
| Deferred Subscription Fees |
- |
28 |
| Deferred revenue |
10,129 |
9,431 |
| Lease Inducement |
401 |
307 |
| Employee future benefits |
5,164 |
5,143 |
| |
49,055 |
66,797 |
| |
|
|
| Net Assets |
|
|
| Internally restricted funds |
500 |
500 |
| Unrestricted |
8,226 |
5,561 |
| |
8,726 |
6,061 |
| |
57,781 |
72,858 |
|
|