ASSOCIATION OF PROFESSIONAL ENGINEERS AND GEOSCIENTISTS OF ALBERTA Summary Financial Statements (IN THOUSANDS OF DOLLARS)
SUMMARY STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2020
SUMMARY STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2020
Assets
Revenues
2020 ($)
2019 ($)
2020 ($)
2019 ($)
Members’ annual dues
21,967 21,957
Current assets
Permit annual dues
3,546
3,606
Cash and cash equivalents
5,912
8,100
Registration fees
1,430
1,456
Short-term investments
3,000
4,000
Examination fees
1,299
992
Accounts receivable
1,678
2,147
Affinity program
2,077
2,440
Prepaid expenses
859
541
Fees recovered for program
427
832
11,449
14,788
General
334
652
Tangible capital assets
4,607
5,216
Bank interest and investment income
957
770
Intangible assets
6,330
3,017
32,037 32,705
Investments
18,262
17,381
Expenses Salaries and benefits
Defined benefit pension plan surplus (note 3)
4,402
2,579
16,930 15,665
45,050
42,981
Consultants and contractors
1,201
1,601
Liabilities
IT and telecommunications
2,473
2,684
Legal fees
1,106
1,212
Current liabilities
Travel, meals and volunteers
369
1,743
Accounts payable and accrued liabilities
1,893
3,072
Facilities lease and management
2,117
1,933
Government remittances payable
106
64
National assessment and premiums
1,150
1,189
Deferred dues and fees revenues
14,620
14,901
Exam administration
422
479
16,619
18,037
Printing, supplies and distribution
613
702
Deferred lease inducement
1,427
1,596
Advertising and promotion
468
259
18,046
19,633
Sponsorships
170
164
Net Assets Invested in tangible capital and intangible assets
Administration
270
466
10,937
8,233
Bank and financial charges
783
506
Internally restricted legislative review
1,000
1,000
Amortization
2,072
1,650
Internally restricted regulatory risk management reserve
4,592
2,764
30,144 30,253
Unrestricted
Excess of revenues over expenses before realized and unrealized investment gain
10,475
11,351
1,893
2,452
27,004 23,348
Realized and unrealized investment gain
105
1,031
45,050
42,981
Excess of revenues over expenses for the year
1,998
3,483
53
The accompanying notes are an integral part of these summary financial statements
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