201 9 ANNUA L RE POR T
ASSOCIATION OF PROFESSIONAL ENGINEERS AND GEOSCIENTISTS OF ALBERTA SUMMARY STATEMENT OF FINANCIAL STATEMENTS AS AT DECEMBER 31, 2019
Summary Statement of Financial Position
Summary Statement of Operations
(in thousands of dollars)
(in thousands of dollars)
Revenues
Assets
2019 ($)
2018 ($)
2019 ($) 2018 ($)
Current assets Cash and cash equivalents
Members’ annual dues
21,957
21,857
Permit annual dues
3,606
3,129
8,100 5,341
Registration fees
1,456
1,454
Short-term investments
4,000 4,000
Examination fees
992
1,213
Accounts receivable
2,147 1,371
Affinity program
2,440
2,714
Prepaid expenses
541
627
Fees recovered for programs
14,788 11,339
832
1,135
Tangible capital assets
5,216 4,800
General
652
649
Intangible assets
3,017 1,666
Realized and unrealized investment gain (loss)
1,801
(477)
Investments
17,381
15,837
33,736
31,674
Defined benefit pension plan surplus (note 3)
2,579 186
Expenses Salaries and benefits
42,981 33,828
15,665
14,274
Liabilities Current liabilities Accounts payable and accrued liabilities
Consultants and contractors
1,601
1,201
IT and telecommunications
2,684
1,966
3,072 2,139
Legal fees
1,212
1,215
Government remittances payable
64
134
Travel, meals and volunteers Facilities lease and management National assessment and premiums
1,743
1,312
Deferred dues and fees revenues
14,901 12,780
1,933
2,008
Obligation under capital lease
-
30
18,037 15,083
1,189
1,199
Deferred lease inducement
1,596 1,163
Exam administration
479
534
19,633 16,246
Printing, supplies and distribution
702
750
Net Assets Invested in tangible capital and intangible assets
Advertising and promotion
259
103
8,233 6,436
Sponsorships
164
165
Internally restricted legislative review
1,000 1,000
Administration
466
411
Internally restricted regulatory risk management reserve
Bank and financial charges
506
593
2,764 988
Amortization
1,650
1,486
Unrestricted
11,351
9,158
30,253
27,217
23,348 17,582
Excess of revenues over expenses for the year
42,981 33,828
3,483
4,457
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