Page 41 - SIGA_2010-11 Annual Report

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39
Saskatchewan Indian Gaming Authority Inc.
Balance Sheet
As at March 31, 2011
2011
2010
CURRENT ASSETS
Cash
$ 23,615,312 $ 23,501,601
Short-term investments
30,852,377
33,820,206
Accounts receivable (Note 6)
1,926,309
2,105,135
Inventory (Note 3)
602,593
553,174
Prepaids
1,597,464
1,343,484
58,594,055
61,323,600
SOFTWARE
(Note 8)
1,224,688
1,671,987
CAPITAL ASSETS
(Note 7)
119,096,361
121,853,797
$ 178,915,104 $ 184,849,384
CURRENT LIABILITIES
Due to Saskatchewan Liquor and Gaming Authority
$ 46,136,295 $ 51,274,319
Accounts payable and accrued liabilities (Note 10)
19,036,659
17,019,861
Current portion of long-term debt (Note 11)
4,970,718
5,497,985
Current portion of capital lease (Note 12)
852,693
749,871
70,996,365
74,542,036
LONG-TERM DEBT
(Note 11)
63,249,304
67,600,587
CAPITAL LEASE OBLIGATION
(Note 12)
44,669,435
42,706,761
INTEREST RATE SWAP LIABILITY
(Note 11)
5,147,896
5,492,969
184,063,000
190,342,353
COMMITMENTS
(Note 13)
CONTINGENCIES
(Note 16)
DEFICIT RESULTING FROM UNREALIZED LOSSES ON INTEREST RATE SWAPS
(5,147,896)
(5,492,969)
$ 178,915,104 $ 184,849,384
See accompanying notes to the financial statements
APPROVED BY THE BOARD
________________________________________ Director
________________________________________ Director