Summary Statement of Financial Position
2013
As at December 31
ASSETS
Cash and cash equivalents
Accounts receivable
Prepaid expenses
Investments
Capital assets
2012
$ 25,471,428
1,098,493
313,953
37,196,922
11,380,596
$ 75,461,392
$ 24,681,163
707,212
409,064
30,970,586
10,043,942
$ 66,811,967
LIABILITIES
Accounts payable and accrued liabilities
$ 5,300,966
$ 4,833,880
Due to Ministry of Health and Long-Term Care
1,288,849
–
Survivors’ Fund
76,443
162,560
Administered programs
535,957
1,691,490
Capital lease obligations
1,026,782
531,453
Deferred revenue
23,636,733
22,506,017
Accrued pension cost
5,197,972
5,725,591
37,063,702
35,450,991
NET ASSETS
Invested in capital assets
10,353,814
Internally restricted for building fund
28,043,876
38,397,690
$ 75,461,392
9,512,489
21,848,487
31,360,976
$ 66,811,967
Summary Statement of Operations
2013
For the year ended December 31
REVENUES
Membership fees, net of credit card charges
Application fees
Investment income
Other income
Total Revenues
2012
$ 50,382,840
4,252,913
1,569,745
4,378,863
$ 60,584,361
$ 48,590,074
4,131,503
1,369,024
3,535,582
$ 57,626,183
EXPENSES
Committee costs
$ 11,974,671
$ 10,729,606
Staffing costs
34,787,716
33,345,164
Department costs
3,905,121
3,871,220
Depreciation of capital assets
1,505,627
1,328,917
Occupancy
1,374,512
1,369,856
Total Expenses
$ 53,547,647
$ 50,644,763
Excess of revenues over expenses
36
$
COLLEGE OF PHYSICIANS AND SURGEONS OF ONTARIO
7,036,714
$
6,981,420