ASSOCIATION OF PROFESSIONAL ENGINEERS AND GEOSCIENTISTS OF ALBERTA Summary Financial Statements (in thousands of dollars)
Summary Statement of Financial Position As at December 31, 2025
Summary Statement of Operations For the year ended December 31, 2025 REVENUE
ASSETS
2025
2024
2025
2024
Current assets
Member dues
28,713 25,583
Permit dues
4,556 4,155
Cash and cash equivalents
6,322
4,690
Examination fees
2,459 1,639
Short-term investments
4,000
-
Registration fees
2,327 2,068
Accounts receivable, net of allowance
1,715
3,180
38,055 33,445
Prepaids and deposits
1,464
1,246
Affinity programs
3,413 2,228
13,501
9,116
Bank interest and investment income
2,441 2,018
Tangible capital assets
7,510
8,391
General
493 658
Intangible capital assets
2,188
3,073
Program fees
454 429
Investments
25,783 20,028
6,801 5,333 44,856 38,778
L ong-term prepaids and deposits
245
223
Defined benefit pension plan surplus (note 3)
- 1,644 49,227 42,475
EXPENSES Salaries and benefits
24,320 23,530
LIABILITIES Current liabilities
IT and telecommunications
2,885 2,752
Travel, meals, and volunteers
1,236 946
Accounts payable and accrued liabilities
1,212
1,485
Consultants and contractors
1,224 1,083
Accrued employee liabilities
785 574
Occupancy costs
1,147 2,253
Government remittances payable
134
110
Bank and finance charges
998 944
Deferred revenue
19,936 18,540
National assessment and premiums
987 987
22,067 20,709
Legal fees
844 1,248
Deferred lease inducement
4,442
4,583
Exam administration
755 663
Straight line rent liability
693
359
Printing, supplies, and distribution
471 443
Advertising and promotion
470
178
Defined benefit pension plan surplus (note 3)
84
-
Administration
297 307
27,286 25,651
NET ASSETS
Sponsorships
167 156 35,801 35,490
Invested in tangible and intangible capital assets
9,698 11,464
Excess of revenue over expenses before the following
9,055 3,288
Internally restricted – legislative review 1,000
1,000
Amortization
(2,636) (3,234)
Internally restricted – regulatory risk management reserve
8,000
8,000
Unrealized investment gain
599 833
Unrestricted
3,243 (3,640)
Loss on disposal of capital assets
-
(6)
21,941 16,824
(2,037) (2,407)
49,227 42,475
Excess of revenue over expenses
7,018
881
53 56
apega.ca
Made with FlippingBook flipbook maker