Page 40 - 2009_2010_Annual_Report

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38
Saskatchewan Indian Gaming Authority
Statement of Gaming Operations
Year Ended March 31, 2010
2010
2009
REVENUE
$ 254,222,900
$ 239,792,864
COST OF SALES
15,475,972
13,027,694
NET REVENUE
238,746,928
226,765,170
EXPENSES
(Note 1)
Salaries and benefits
77,982,064
68,059,411
General and administrative (Schedule 1)
45,660,034
34,237,910
Other operating (Schedule 2)
25,086,292
25,256,034
Advertising, promotion and sponsorships
22,141,562
24,595,113
Payment to Indigenous Gaming Regulators Inc. (Note 14)
2,911,824
2,607,128
Payment to Saskatoon Prairieland Park Corporation (Note 14)
2,600,004
2,600,004
Building repairs and maintenance
2,124,409
2,189,399
178,506,189
159,544,999
INCOME DUE TO SASKATCHEWAN LIQUOR AND GAMING AUTHORITY
(Note 1)
60,240,739
67,220,171
UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAPS
(Note 12)
4,866,822
(7,345,748)
NET INCOME BEFORE DISTRIBUTION TO SASKATCHEWAN
LIQUOR AND GAMING AUTHORITY
(Note 1)
$ 65,107,561
$ 59,874,423
See accompanying notes to the financial statements