Annual Report 2013 | Page 38

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