Page 61 - 2012_Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Notes to the Financial Statements
year ended March 31, 2012
59
21. RELATED PARTY TRANSACTIONS
Significant related parties to SIGA include the FSIN, holder of the Class A membership in SIGA, and entities related to the FSIN
(including Saskatchewan Indian Institute of Technologies, First Nations University of Canada, Indigenous Gaming Regulators Inc.,
Saskatchewan Indian Cultural Centre, and Saskatchewan Indian Equity Foundation). Related parties also include the Tribal Councils
of Saskatchewan (and their related entities) that hold Class B memberships in SIGA. These transactions were made in the normal
course of business and have been recorded at exchange amounts agreed upon between the parties.
The following are balances outstanding with related parties:
March 31,
March 31,
April 1,
Amounts owed by related parties
2012
2011
2010
$
7,010
$ 152,469
$ 116,332
March 31,
March 31,
April 1,
Amounts owed to related parties
2012
2011
2010
$
1,350
$
$
4,250
Significant transactions with related parties throughout the year are as follows:
Purchase of goods and services
2012
2011
Finance lease payments (principal and interest)
$ 6,521,522
$ 6,121,825
Building rent and occupancy
9,843,632
8,001,260
Sponsorship
333,735
328,810
Other
38,350
2,750
Indigenous Gaming Regulators Inc.
3,262,728
3,257,728
There is also a revenue share agreement regarding automated teller machine revenues that are not included above.
KEY MANAGEMENT PERSONNEL COMPENSATION
In addition to salaries, SIGA provides non-cash benefits to key management personnel, defined as the President, Vice-Presidents
and Board members of SIGA. Key management personnel compensation is comprised of:
2012
2011
Employee compensation and benefits
$ 1,968,261
$ 2,313,319
Post-employment benefits
86,766
91,405
$ 2,055,027
$ 2,404,724
Other transactions with related parties and amounts due to/from them are described separately in these financial statements and the
notes thereto.