OUTDOOR POWER EQUIPMENT INSTITUTE OF CANADA Statement of Financial Position 31 December 2024
2024
2023
Assets
Current Cash
$ 1,772,587 $ 1,879,827
228,969 46,715
Term deposit (Note 4) Accounts receivable Prepaid expenses
217,486 65,668
6,616
6,547
2,054,887
2,169,528
Intangible asset (Note 6)
17,935 696,494
25,109 661,564
Reserve (Note 5)
$ 2,769,316 $ 2,856,201
Liabilities
Current Accounts payable and accrued liabilities (Note 7)
$ 128,417 $ 120,481
3,106
GST payable
7,011
131,523
127,492
Net Assets
Unrestricted
1,923,364 696,494
2,042,036 661,564
Internally restricted reserve (Note 5) Invested in intangible asset
17,935
25,109
2,637,793
2,728,709
$ 2,769,316 $ 2,856,201
APPROVED BY THE DIRECTORS:
Director
Director
The accompanying notes are an integral part of these financial statements
4
Made with FlippingBook Digital Proposal Creator