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2007-2008 ANNUAL REPORT
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14. Segmented Information:
SIGA operates in three segments – table operations, slot operations and ancillary operations. The following
table shows key amounts by segment.
SEGMENTS
2008
2007
Slot
Table
Ancillary
operations operations
operations
Total
Total
Revenues
$178,307,308 $7,166,629 $13,109,517 $198,583,454 $135,249,485
Less:
Promotional
allowance
6,386,666
6,386,666
4,242,633
Cost of sales
5,037,708
5,037,708
2,911,778
Elimination of inter-company
transactions
2,580,311
2,580,311
1,999,906
Net revenue
171,920,642 7,166,629
5,491,498 184,578,769 126,095,168
Expenses
99,805,079 8,272,279 11,634,845 119,712,203
75,478,185
Income (loss)
before the following:
72,115,563 (1,105,650) (6,143,347)
64,866,566
50,616,983
IGR
(Note 12)
2,925,230
1,780,065
Saskatoon Prairieland Park Corporation
(Note 12)
1,670,432
Net income due to SLGA
(Notes 1 and 8)
$ 60,270,904 $ 48,836,918
15. Contingencies:
SIGA enters into contractual arrangements with suppliers of services, products and facilities in the normal
course of business. Contracts are subject to legal interpretation from time to time and disputes do arise.
Management plans to account for such dispute resolutions in the year such disputes are settled.
16. Bank Indebtedness:
During the year, SIGA established a line of credit of $2,000,000 with a bank. The line of credit is unsecured.
Interest is charged on the line of credit at the bank’s prime rate plus 1%. At year-end, SIGA did not have
any amount owing on the line of credit.
17. Comparative Figures:
Certain comparative figures have been restated to conform with the current year’s presentation.
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