Page 39 - 2009_2010_Annual_Report

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37
Saskatchewan Indian Gaming Authority
Balance Sheet
Year Ended March 31, 2010
2010
2009
CURRENT ASSETS
Cash
$ 23,501,601
$ 20,536,371
Short-term investments
33,820,206
11,813,988
Accounts receivable (Note 7)
2,105,135
3,140,534
Inventory (Note 4)
553,174
619,123
Prepaids
1,343,484
1,997,227
61,323,600
38,107,243
SOFTWARE
(Note 9)
1,671,987
2,226,723
CAPITAL ASSETS
(Note 8)
121,853,797
122,964,250
$ 184,849,384
$ 163,298,216
CURRENT LIABILITIES
Due to Saskatchewan Liquor and Gaming Authority (Note 10)
$ 51,274,319 $ 33,353,951
Accounts payable and accrued liabilities (Note 11)
17,019,861
22,683,501
Current portion of long-term debt (Note 12)
5,497,985
28,587,226
Current portion of capital lease (Note 13)
749,871
600,090
74,542,036
85,224,768
LONG-TERM DEBT
(Note 12)
67,600,587
37,027,558
CAPITAL LEASE OBLIGATION
(Note 13)
42,706,761
41,045,890
INTEREST RATE SWAP LIABILITY
(Note 12)
5,492,969
10,359,791
190,342,353
173,658,007
COMMITMENTS
(Note 14)
CONTINGENCIES
(Note 17)
DEFICIT RESULTING FROM UNREALIZED LOSSES ON INTEREST RATE SWAPS
(5,492,969)
(10,359,791)
$ 184,849,384 $ 163,298,216
See accompanying notes to the financial statements
APPROVED BY THE BOARD
_____________________________________________Director
_____________________________________________Director