E-12021 Financial Statements - Redacted
10 passages
8. DEFERRED REVENUE Demand-Side Management Fund Provincial Fund Other Business Fund 2021 2020 Opening Recognition of prior years' deferred $ 6,383 $ 15,651 $ 95 $ 22,129 $ 28,715 revenue Deferral of current year (1,310) - (95) (1,405) (7,5...
AI summary The chunk discusses deferred revenue across different funds in 2021 and 2020, including opening recognition of prior years' deferred revenue, deferral of current year revenue, and deferral of investment income. It also includes a note and a breakdown of the current portion of deferred revenue.
b) The Corporation has entered into a lease agreement, expiring December 31, 2025, for the rental of its office premises. Minimum annual lease payments over the term of the agreement are as follows: Year Annual Lease Payments 2022 $349 202...
AI summary The Corporation has signed a lease agreement for its office premises, expiring on December 31, 2025, with minimum annual lease payments outlined for the years 2022 to 2025.
The costs in each fund include direct costs of the programs which are comprised of, but not limited to, customer payments, program support costs, and other program and administrative costs directly attributable to a program. The Corporatio...
AI summary The document outlines how the Corporation allocates both direct and non-direct costs across various programs. Direct costs include customer payments and program-specific expenses, while non-direct costs such as salaries and administrative overhead are allocated based on FTE and direct costs as defined in the ENSC Cost Allocation Methodology Report. The CAM is regularly reviewed by the NSUARB.
Notes Checklist EfficiencyOne 80494 7976 RC0001 2021-12-31 Parts 1, 2, and 3 of this schedule must be completed from the perspective of the person (referred to in reported on the financial statements. If the person preparing the tax return...
AI summary The document outlines a checklist for completing the EfficiencyOne schedule as part of a tax return, including instructions on accountant involvement, reservations, and financial statement preparation. It references the General Index of Financial Information (GIFI) and provides guidance on completing parts of the schedule based on the accountant's role and connection to the corporation.
If you have a professional designation and are not the accountant associated with the financial statements in Part 1 above, choose one of the If yes, complete lines 104 to 107 below: 104 Yes Are subsequent events mentioned in the notes? No...
AI summary The text outlines a series of questions related to financial statements, including whether subsequent events, asset re-evaluation, contingent liabilities, and commitments are mentioned in the notes, as well as whether the corporation has investments in joint ventures or partnerships.
Non-capital losses Balance at Loss incurred Loss Applied t o reduce Year of origin beginning of year in current year Adjustments and transfers carried back Parts I & IV Taxable income Part IV tax Balance at end of year Current N/A 13,661 N...
AI summary The text presents a table detailing non-capital losses for various taxation years, showing balances at the beginning and end of each year, as well as losses incurred and adjustments. The data reflects a significant loss in the 3rd preceding taxation year (2018) and a smaller loss in the current year (2021).
Line 112 is determined by the formula (A – B) x C/D (as per paragraph 181.2(3)(q)) where: - A is the total of all amounts that would be determined for lines 101, 107, 108, 109, and 111 in respect of the partnership for its last fiscal peri...
AI summary The text outlines the formula used to determine Line 112, which involves calculating the difference between total amounts from specific lines and deferred unrealized foreign exchange losses, multiplied by a share of the partnership's income or loss.
- D is the partnership's income or loss for the period. Subtotal A (from page 1) 71,313,500 A Deduct the following amounts: Deferred tax debit balance at the end of the year Any deficit deducted in calculating its shareholders' equity (inc...
AI summary The document presents a financial summary involving the calculation of a partnership's income or loss for the period, with detailed deductions and additions related to deferred taxes, unrealized foreign exchange losses, and investment allowances for the year.
- 2. Where the corporation has an interest in a partnership held either directly or indirectly through another partnership, refer to subsection 181.2(5) for additional rules regarding the carrying value of an interest in a partnership. - 3...
AI summary The text outlines specific accounting rules related to partnerships and loans between related corporations. It refers to subsections 181.2(5) and 181.2(6) for guidelines on carrying value of partnership interests and treatment of loans made through trusts.
Compilation Engagement Report To the Board of Directors of EfficiencyOne Services Inc. On the basis of information provided by management, we have compiled the balance sheet of EfficiencyOne Services Inc. as at December 31, 2021, the state...
AI summary This document is a Compilation Engagement Report prepared by Chartered Professional Accountants for EfficiencyOne Services Inc., compiling the balance sheet and statements of loss and retained earnings for the year ended December 31, 2021. The report notes that no audit or review was performed and that the financial information may not be suitable for all purposes.