DRIVING ALBERTA FORWARD
Association of Professional Engineers and Geoscientists of Alberta Summary Financial Statements (in thousands of dollars)
Summary Statement of Financial Position As at December 31, 2022
Summary Statement of Operations For the year ended December 31, 2022 Revenue
Assets
2022 ($) 2021 ($)
2022 ($) 2021 ($)
Current assets
Member dues
21,545 21,796
Cash and cash equivalents
1,448 4,049
Permit dues
3,546 3,473
Short-term investments
2,000 3,000
Affinity programs
1,818 1,651
Accounts receivable, net of allowance
2,473 759
Registration fees
1,805 1,484
Prepaids and deposits
953 862
Examination fees
1,545 1,396
Bank interest and investment income
761 1,166
6,874 8,670
Program fees
744 696
4,397 3,539
Tangible capital assets (note 3)
General
588
514
5,579 6,598
Intangible capital assets (note 4)
32,352 32,176
18,393 20,060
Investments (note 5)
Expenses
L ong-term prepaids and deposits
91 138
Salaries and benefits
19,961 18,676
Defined benefit pension plan surplus (note 7)
102 4,979
IT and telecommunications
2,520 3,055
35,436 43,984
Occupancy costs
2,146 2,425
Liabilities Current liabilities
Consultants and contractors
1,573 1,494
Legal fees
1,302 1,136
Accounts payable and accrued liabilities
1,859 1,599
National assessment and premiums
1,136 1,197
Government remittances payable
116
93
Travel, meals, and volunteers
926
251
Deferred revenue
15,056 14,387
Bank and finance charges
755
799
17,031 16,079
Advertising and promotion
549
492
Deferred lease inducement
1,791 1,056
Exam administration
522
471
Straight line rent liability
179 233
Printing, supplies, and distribution
428
610
19,001 17,368
Administration
292 268
Net Assets
Sponsorships
195
107
Invested in tangible capital and intangible assets
9,976 10,137
32,305 30,981
Excess of revenue over expenses before realized and unrealized investment loss/gain
Internally restricted – legislative review
1,000 1,000
47 1,195
Internally restricted – regulatory risk management reserve
8,000 6,349
Amortization
(2,867) (2,607)
Unrestricted
(2,541)
9,130
Unrealized investment (loss) gain
(2,255)
681
16,435 26,616
(5,122)
(1,926)
(Deficiency) of revenue over expenses
(5,075)
(731)
35,436 43,984
81 84
apega.ca
The accompanying notes are an integral part of these summary financial statements.
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