Statement of
Financial Position 2009 2008
as at December 31, 2009
Assets
Current Assets $ 1,610,800 1,644,466
Capital Assets 12,822,983 13,496,962
14,433,783 15,141,428
Liabilities
Current Liabilities 907,557 1,039,576
Long Term Mortgage 6,861,095...
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Statement of
Financial Position 2009 2008
as at December 31, 2009
Assets
Current Assets $ 1,610,800 1,644,466
Capital Assets 12,822,983 13,496,962
14,433,783 15,141,428
Liabilities
Current Liabilities 907,557 1,039,576
Long Term Mortgage 6,861,095 7,801,399
Deferred Capital Contributions 1,760,432 1,409,163
Net Assets 4,904,699 4,891,290
14,433,783 15,141,428
Statement of
Operations 2009 2008
for the year ended
December 31, 2009
Training & Product Sales $ 8,394,271 8,244,036
Cost of Sales 1,909,192 1,898,74
Contribution Margin 6,485,079 6,345,294
Other Income 809,148 1,280,089
Expenses 7,280,818 7,524,664
Net Excess (Deficiency) 13,409 100,719
Statement of
Cash Flows 2009 2008
for the year ended
December 31, 2009
Cash Beginning of the Year $ 639,722 750,967
Net Operating Cash Flows 1,022,004 259,455
Net Investing Cash Flows (227,086) (1,887,576)
Net Financing Cash Flows (686,522) 1,516,876
Cash End of the Year 748,118 639,722
T r a i n i n g
2 0 0 9 B o a r d o f d i r e c T o r s
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