March 31, 2002
| |
2002
|
2001
|
|
ASSETS
CURRENT
|
|
|
| Cash |
$ 1,293,208 |
$ 474,090 |
| Marketable securities |
5,491,789 |
5,638,115 |
| Accounts receivable |
6,644,663 |
8,552,618 |
| Prepaid expenses and deposits |
119,934
|
107,987
|
| |
13,549,594
|
14,772,810
|
|
CAPITAL ASSETS
|
283,288
|
302,743
|
| |
$13,832,882
|
$15,075,553
|
|
LIABILITIES
CURRENT
|
|
|
| Accounts payable and accrued liabilities |
1,108,924 |
$ 1,006,481
|
| Deferred revenue |
5,749,768 |
6,763,138
|
| |
6,858,692
|
7,769,619
|
|
NET ASSETS
|
|
|
| Net assets invested in capital assets |
283,288 |
302,743 |
| Reserve for program development |
3,835,165
|
3,870,098 |
| Reserve for long-term development |
1,616,471
|
1,874,770
|
| Unrestricted net operating assets |
1,239,266 |
1,258,323
|
| |
6,974,190
|
7,305,934
|
| |
$13,832,882
|
$15,075,553
|
All figures expressed in Canadian dollars.
|
