Page 74 - 2007_2008_Annual_Report

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SASKATCHEWAN INDIAN GAMING AUTHORITY
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6
13. Related party transactions:
Significant related parties to SIGA include the FSIN, holder of the Class A membership in SIGA, and
entities related to the FSIN (including Saskatchewan Indian Institute of Technologies, National Indian
Financial Corporation, the First Nations University of Canada and Indigenous Gaming Regulators Inc.).
Related parties also include the Tribal Councils of Saskatchewan (and their related entities) that hold
Class B memberships in SIGA. Transactions with related parties are recorded at exchange amounts
agreed upon between the parties.
The following are balances outstanding with related parties at March 31, 2008 with comparison to the
previous year:
2008
2007
Accounts receivable
$
73,915
$
41,291
Accounts payable and accrued liabilities
$
557,170
$
420,416
Significant transactions with related parties throughout the year with comparison to the previous year are
as follows:
2008
2007
Other revenue
$
91,495
$
32,000
Advertising, promotion and sponsorships
1,699,977
354,373
Building rent and occupancy
1,681,709
1,377,920
Consulting
302,346
364,516
Other operating expenses
167,074
24,342
Travel and sustenance
32,887
122,753
Indigenous Gaming Regulators Inc.
(Note 12)
2,925,230
1,780,065
Other transactions with related parties and amounts due to/from them are described separately in these
consolidated financial statements and the notes thereto.
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