Page 39 - SIGA Annual Report 2013

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39
Saskatchewan Indian Gaming Authority Inc.
Statement of Financial Position
as at March 31, 2013
2013
2012
CURRENT ASSETS
Cash and cash equivalents
$ 62,768,500
$ 67,924,259
Short-term investments (Note 4)
252,500
252,500
Accounts receivable (Note 5)
4,944,394
6,268,523
Inventories (Note 6)
574,296
623,110
Prepaids
2,242,922
1,705,500
70,782,612
76,773,892
INTANGIBLE ASSETS
(Note 7)
275,670
741,736
PROPERTY AND EQUIPMENT
(Note 8)
101,728,218
109,275,312
$ 172,786,500
$ 186,790,940
CURRENT LIABILITIES
Due to Saskatchewan Liquor and Gaming Authority (Note 9)
$ 54,860,290
$ 60,277,788
Accounts payable and accrued liabilities (Note 10)
15,623,514
18,166,200
Current portion of long-term debt (Note 11)
58,282,720
5,452,622
Current portion of finance lease obligation (Note 12)
1,238,360
1,043,052
130,004,884
84,939,662
LONG-TERM DEBT
(Note 11)
57,831,301
FINANCE LEASE OBLIGATION
(Note 12)
42,781,616
44,019,977
INTEREST RATE SWAP LIABILITY
(Note 11)
7,319,250
7,636,994
180,105,750
194,427,934
DEFICIT RESULTING FROM UNREALIZED LOSSES ON INTEREST RATE SWAPS
(7,319,250)
(7,636,994)
$ 172,786,500
$ 186,790,940
See accompanying notes to the financial statements
APPROVED BY THE BOARD
Director
Director