Association of Professional Engineers and Geoscientists of Alberta Summary Financial Statements (in thousands of dollars)
Summary Statement of Financial Position As at December 31, 2024
Summary Statement of Operations For the year ended December 31, 2024 Revenue
Assets
2024
2023
2024
2023
Current assets
Member dues
25,583 22,331
Cash and cash equivalents
4,690 2,491
Permit dues
4,155 3,691
Short-term investments
-
1,500
Affinity programs
2,228 2,379
Accounts receivable, net of allowance
3,180 2,126
Registration fees
2,068 1,986
Bank interest and investment income
2,018 882
Prepaids and deposits
1,246 1,098
Examination fees
1,639 1,784
9,116 7,215
General
658
833
Tangible capital assets
8,391 3,675
Program fees
429
339
Intangible capital assets
3,073 4,444
38,778 34,225
Investments
20,028 20,358
Expenses Salaries and benefits
L ong-term prepaids and deposits
223 233
23,530 22,810
Defined benefit pension plan surplus (note 3)
1,644 2,897
IT and telecommunications
2,752 2,501
42,475 38,822
Occupancy costs
2,253 1,885
Liabilities Current liabilities
Consultants and contractors
1,083 1,391
Legal fees
1,248 1,290
Accounts payable and accrued liabilities
2,059 2,217
National assessment and premiums
987 1,111
Government remittances payable
110
115
Travel, meals, and volunteers
946 989
Bank and finance charges
944 853
Deferred revenue
18,540 18,116
Exam administration
663
625
20,709 20,448
Advertising and promotion
178
591
Deferred lease inducement
4,583 1,317
Printing, supplies, and distribution
443 464
Straight line rent liability
359 320
Administration
307
397
25,651 22,085
Sponsorships
156 175 35,490 35,082
Net Assets
Invested in tangible and intangible capital assets
11,464 8,119
Excess (deficiency) of revenues over expenses before amortization and unrealized investment loss/gain
3,288 (857)
Internally restricted – legislative review
1,000 1,000
Amortization
(3,234)
(2,841)
Internally restricted – regulatory risk management reserve
8,000 8,000
Unrealized investment gain
833 1,267
Unrestricted
(3,640)
(382)
Loss on disposal of fixed asset
(6)
-
16,824 16,737
(2,407) (1,574)
Excess (deficiency) of revenue over expenses
42,475 38,822
881 (2,431)
57 60
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