Summary Financial Statements (in thousands of dollars) Assoc i at i on o f Pro f e ss i ona l Eng i ne e rs and G eosc i ent i sts o f A l b e rta
December 31, 2018 December 31, 2018 Summary Statement of F i nanc i al Pos i t i on Summary of operat i ons
Revenues Members’ annual dues
Assets
2018 ($)
2017 ($)
2018 ($) 2017 ($)
Current assets Cash and cash equivalents
21,857
19,804
Permit annual dues
3,129
2,143
5,341
3,017
Registration fees
1,454
1,709
Short-term investments
4,000 –
Examination fees
1,213
1,584
Accounts receivable
1,371
1,450
Affinity program
2,714
531
Prepaid expenses
627
380
Fees recovered for programs 1,135
655
11,339 4,847
Tangible capital assets
General
649
288
4,800 5,145
Intangible assets
Realized and unrealized investment (loss) gain
1,666 1,320
(477)
1,039
Investments
15,837 16,462
31,674
27,753
Defined benefit pension plan surplus (note 3)
Expenses Salaries and benefits
186 1,519
33,828 29,293
14,274
13,104
Liabilities Current liabilities Accounts payable and accrued liabilities
Consultants and contractors 1,201
1,253
IT and telecommunications
1,966
2,273
2,139 1,435
Legal fees
1,215
1,056
Government remittances payable
134 -
Travel, meals and volunteers 1,312
1,241
Deferred dues and fees revenues
12,780 11,865
Facilities lease and management
2,008
2,065
Obligation under capital lease
30 36
National assessment and premiums
1,199
1,076
15,083 13,336
Deferred lease inducement Obligation under capital lease
1,163 1,367
Exam administration
534
722
-
30
Printing, supplies and distribution
750
773
16,246 14,733
Advertising and promotion
103
138
Net Assets Invested in tangible capital and intangible assets
Sponsorships
165
62
6,436 6,399
Administration
411
271
Internally restricted legislative review
Bank and financial charges
593
637
1,000 1,000
Depreciation and amortization 1,486
1,113
Internally restricted regulatory risk management reserve
988 -
27,217
25,784
Unrestricted
9,158 7,161
Excess of revenues over expenses for the year
17,582 14,560
4,457
1,969
33,828 29,293
53
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