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39

STATEMENT OF FINANCIAL POSITION

As at March 31, 2016

2016

2015

Current Assets

Cash and cash equivalents

$ 22,113,742

$ 24,877,957

Short-term investments (Note 4)

41,080,000

46,282,500

Accounts receivable (Note 5)

2,454,511

2,140,125

Inventories (Note 6)

626,566

612,846

Prepaids

2,416,873

2,433,212

68,691,692

76,346,640

Intangible Assets

(Note 7)

128,262

340,892

Property and Equipment

(Note 8)

108,458,217

107,611,699

$ 177,278,171

$ 184,299,231

Current Liabilities

Due to Saskatchewan Liquor and Gaming Authority (Note 9)

$ 57,571,703

$ 61,418,839

Accounts payable and accrued liabilities (Note 10)

19,481,422

18,712,551

Current portion of long-term debt (Note 11)

5,402,812

5,456,329

Current portion of finance lease obligation (Note 12)

3,076,821

2,956,909

85,532,758

88,544,628

Long-Term Debt

(Note 11)

36,377,329

42,041,418

Finance Lease Obligation

(Note 12)

55,368,084

53,713,185

Interest Rate Swap Liability

(Note 11)

5,443,107

6,231,550

182,721,278

190,530,781

Deficit Resulting from Unrealized Losses on Interest Rate Swaps

(5,443,107)

(6,231,550)

$ 177,278,171

$ 184,299,231

See accompanying notes to the financial statements

Approved By The Board

Director

Director