Page 38 - 2008_2009_Annual_Report

Basic HTML Version

036
Saskatchewan Indian Gaming Authority Inc.
Statement of Gaming Operations
Year ended March 31, 2009
2009
2008
(Restated, See Note 18)
Revenue
(Note 1)
Slot
$217,668,593
$178,307,308
Table
8,856,741
7,166,629
Ancillary operations
17,174,095
13,109,517
243,699,429
198,583,454
Cost of Sales
Ancillary operations
10,146,074
7,618,019
Promotional allowance
6,788,185
6,386,666
Net Revenue
226,765,170
184,578,769
Expenses
(Note 1)
Salaries and benefits
68,059,411
54,881,043
General and administrative
(Schedule 1)
34,237,910
25,652,779
Other operating
(Schedule 2)
25,256,034
20,916,645
Advertising, promotion and sponsorships
24,595,113
15,525,028
Building repairs and maintenance
2,189,399
1,900,863
Payment to Indigenous Gaming Regulators Inc.
(Note 12)
2,607,128
2,925,230
Payment to Saskatoon Prairieland Park Corporation
(Note 12)
2,600,004
1,670,432
159,544,999
123,472,020
Income due to Saskatchewan Liquor and
Gaming Authority
(Note 1)
67,220,171
61,106,749
Unrealized loss on interest rate swaps
(Note 10)
(7,345,748)
(3,014,043)
Net income before distribution to Saskatchewan
Liquor and Gaming Authority
(Note 1)
$ 59,874,423
$ 58,092,706
See accompanying notes to the financial statements.