Page 68 - 2007_2008_Annual_Report

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SASKATCHEWAN INDIAN GAMING AUTHORITY
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Q
4. Uncommitted net proceed of table operations:
The Casino Operating Agreement provides for SIGA to use any net income from the operation of licensed
table games for charitable or religious objects or purposes. Distributions of funds were made during the
year as follows:
2008
2007
Balance, beginning of year
$
$
Net loss from table operations
(Note 14)
(1,105,650)
(767,184)
(1,105,650)
(767,184)
Net loss from table operations allocated to slot operations
1,105,650
767,184
Amounts disbursed
Balance, end of year
$
$
5. Pension plan:
Effective April 1, 1997, SIGA established a pension plan for employees. The plan is a defined contribution
plan administered by Great West Life. Substantially all of SIGA’s full-time employees participate in the
plan. SIGA’s financial obligation is limited to matching the required amounts contributed by employees,
which totalled $2,322,028 (2007 – $1,737,643). Employees are required to contribute 6% of salary to
the plan.
6. Accounts receivable:
2008
2007
Accounts receivable
$ 399,700
$
68,169
GST input tax credits receivable
1,553,391
339,948
Advances to suppliers, contractors and employees
90,514
154,780
Casino development costs receivable
1,215,431
$ 3,259,036
$
562,897
S A S K A T C H E WA N I N D I A N G A M I N G A U T H O R I T Y I N C .
Notes to the Consolidated Financial Statements
Year ended March 31, 2008