Association of Professional Engineers and Geoscientists of Alberta
SUMMARY FINANCIAL STATEMENTS
(In thousands of dollars)
SUMMARY STATEMENT OF FINANCIAL POSITION SUMMARY STATEMENT OF OPERATIONS
As at December 31, 2021
For the year ended December 31, 2021
ASSETS
REVENUES
2021 ($)
2020 ($)
2021 ($)
2020 ($)
Current assets
Member dues
21,796
21,967
4,049
Cash and cash equivalents
5,912
Permit dues
3,473
3,546
Short-term investments
Affinity programs
3,000
1,651
3,000
2,077
Accounts receivable
Registration fees
759
1,484
1,678
1,430
Prepaid and deposits
Examination fees
957
1,396
859
1,299
Bank interest and investment income
8,765
1,073
11,449
957
Tangible capital assets
Program fees
3,539
696
4,607
427
General
Intangible assets
6,598
514
6,330
334
Investments
32,083
32,037
20,060
18,262
EXPENSES
Long-term deposit
43
—
Defined benefit pension plan surplus
Salaries and benefits
4,979
4,402
18,676
16,930
IT and telecommunications
43,984
3,055
45,050
2,473
Facilities cost
2,425
2,177
LIABILITIES
Consultants and contractors
1,494
1,201
Current liabilities
National assessment and premiums
1,197
1,150
Accounts payable and accrued liabilities
1,599
1,893
Legal fees
1,136
1,106
Government remittances payable
93
106
Bank and financial charges
799
783
Deferred revenue
14,387
14,620
Printing, supplies, and distribution
610
613
16,079
16,619
Advertising and promotion
492
468
Deferred lease inducement
1,056
1,427
Exam administration
471
422
Straight line rent liability
233
—
268
270
Administration
17,368
18,046
Travel, meals, and volunteers
251
369
NET ASSETS
Sponsorships
107
170
Invested in tangible capital and intangible assets
10,137
10,937
30,981
28,072
Internally restricted legislative review Internally restricted regulatory risk management reserve
1,000
1,000
Excess of revenue over expenses before amortization and realized and unrealized investment gain
1,102
3,965
6,349
4,592
Amortization Realized and unrealized investment gain
(2,607) 774
(2,072) 105
Unrestricted
9,130
10,475
26,616
27,004
(1,833)
(1,967)
43,984
45,050
(Deficiency) excess of revenue over expenses
(731)
1,998
The accompanying notes on page 86 are an integral part of these summary financial statements.
85
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