E-1Financial Statements for Year Ended December 31, 2018 - Redacted
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Fund accounting - a) The Demand‐Side Management Fund ("DSM") is used to account for the operations of the Corporation including reporting the fee‐for‐service revenues as received from NS Power with expenses approved annually by the Nova Sc...
AI summary The text outlines the structure and use of various funds managed by the Corporation, including the Demand-Side Management Fund, Provincial Fund, Commitment Fund, and Other Business Fund. Each fund serves distinct purposes, such as managing fee-for-service revenues, covering capital asset costs, and accounting for future incentive payments.
The investment represents a 100% interest in the common shares of EfficiencyOne Services Inc. as follows: 20 18 20 17 ha Co t c t mm on s res , a os $ ‐ $ ‐ uit in lat ive rni inc uis itio Eq y cu mu ea ng s s e a cq n 11 5 10 9 $ 1 15 $ 0...
AI summary The document outlines the investment in EfficiencyOne Services Inc., providing financial details for 2018 and 2017, including assets, liabilities, equity, revenue, and expenses. It also includes information on services rendered by the Corporation to EfficiencyOne and the associated costs.
8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (in thousands) nd-Side gement Pro ovincial Com nmitment O Busi ther ness Fund Fund Fund F und 2018 2017 Accounts payable and accrued liabilities $ 8,018 $ 2,300 $ 13,027 $ 14 $23,359 $16,883 Accr...
AI summary The section discusses accounts payable and accrued liabilities, noting that accrued liabilities under the Commitment Fund include potential future payments to customers for incentives, even though the associated energy savings occur in the future.
ii) Accounts receivable and loan receivable Credit risk associated with accounts receivable is mitigated by the fact that the majority of receivables outstanding are from NS Power, which is a regulated public utility, mandated by its regul...
AI summary The credit risk for accounts receivable is low due to the majority of receivables being from NS Power, a regulated public utility required by its regulator to fund DSM activities.
b) Liquidity risk Liquidity risk is the risk of being unable to meet cash requirements or fund obligations as they come due. It stems from the possibility of a delay in realizing the fair value of investments. The Corporation manages its l...
AI summary The document discusses liquidity risk, defined as the risk of being unable to meet cash requirements or fund obligations. The Corporation manages this risk by monitoring cash flows and holding liquid assets. Accounts payable and accrued liabilities are typically paid within 90 days, with some exceptions based on contract terms. HST and loan payable payments are remitted monthly.