Association of Professional Engineers and Geoscientists of Alberta Summary Financial Statements (in thousands of dollars)
Summary Statement of Financial Position As at December 31, 2023
Summary Statement of Operations For the year ended December 31, 2023 Revenue 2023
Assets
2023
2022
2022
Current assets
Member dues
22,331 21,545
Cash and cash equivalents
2,491 1,448
Permit dues
3,691 3,546
Short-term investments
1,500 2,000
Affinity programs
2,379 2,160
Accounts receivable, net of allowance
2,126 2,473
Registration fees
1,986 1,805
Prepaids and deposits
1,098 953
Examination fees
1,784 1,545
Bank interest and investment income
882
761
7,215 6,874
General
833 588
Tangible capital assets
3,675 4,397
Program fees
339 402
Intangible capital assets
4,444 5,579
34,225 32,352
Investments
20,358 18,393
Expenses
L ong-term prepaids and deposits
233
91
Salaries and benefits
22,810 19,961
Defined benefit pension plan surplus (note 3)
2,897 102
IT and telecommunications
2,501 2,520
38,822 35,436
Occupancy costs
1,885 2,146
Liabilities Current liabilities
Consultants and contractors
1,391 1,573
Legal fees
1,290 1,302
Accounts payable and accrued liabilities
2,217 1,859
National assessment and premiums
1,111 1,136
Government remittances payable
115
116
Travel, meals, and volunteers
989
926
Deferred revenue
18,116 15,056
Bank and finance charges
853
755
20,448 17,031
Exam administration
625
549
Deferred lease inducement
1,317 1,791
Advertising and promotion
591
522
Straight line rent liability
320 179
Printing, supplies, and distribution
464
428
22,085 19,001
Administration
397
292
Net Assets Invested in tangible and intangible capital assets
Sponsorships
175
195
8,119 9,976
35,082 32,305
Excess (deficiency) of revenues over expenses before amortization and unrealized investment gain/loss
Internally restricted – legislative review
1,000 1,000
(857)
47
Internally restricted – regulatory risk management reserve
8,000 8,000
Amortization
(2,841) (2,867)
Unrestricted
(382) (2,541)
Unrealized investment gain (loss)
1,267 (2,255)
16,737 16,435
(1,574)
(5,122)
(Deficiency) of revenue over expenses
(2,431)
(5,075)
38,822 35,436
61 64
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