Page 42 - SIGA_2010-11 Annual Report

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40
2011
2010
REVENUE
$ 259,821,502 $ 254,222,900
COST OF SALES
14,755,347
15,475,972
NET REVENUE
245,066,155
238,746,928
EXPENSES
(Note 1)
Salaries and benefits
81,630,836
77,982,064
General and administrative (Schedule 1)
46,701,956
45,660,034
Other operating (Schedule 2)
24,316,836
25,086,292
Advertising, promotion and sponsorships
20,534,733
22,141,562
Payment to Indigenous Gaming Regulators Inc. (Note 13)
3,232,128
2,911,824
Payment to Saskatoon Prairieland Park Corporation (Note 13)
2,600,004
2,600,004
Building repairs and maintenance
1,955,491
2,124,409
180,971,984
178,506,189
INCOME DUE TO SASKATCHEWAN LIQUOR AND GAMING AUTHORITY
(Note 1)
64,094,171
60,240,739
UNREALIZED GAIN ON INTEREST RATE SWAPS
(Note 11)
345,073
4,866,822
NET INCOME BEFORE DISTRIBUTION TO SASKATCHEWAN
LIQUOR AND GAMING AUTHORITY
(Note 1)
$ 64,439,244 $ 65,107,561
See accompanying notes to the financial statements
Saskatchewan Indian Gaming Authority Inc.
Statement of Gaming Operations
Year Ended March 31, 2011