i) Cash Credit risk associated with cash is minimized by investing these assets in shortterm interest-bearing deposits of a Canadian bank with credit ratings that comply with the Corporation's banking and investment policy.
AI summary The credit risk for cash investments is minimized by placing them in short-term interest-bearing deposits at Canadian banks that meet the Corporation's credit rating standards.
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 of accounts receivable is reduced because most receivables are 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 Liquidity risk refers to the risk of not being able to meet cash obligations as they come due. 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 made monthly.
An organization has to file this return if one of the following it received or is entitled to receive taxable dividends, integrated to the file of provided to the file of the file of the file of the file of the file of the file of the file...
AI summary The document discusses the requirement for organizations to file a Non-Profit Organization (NPO) Information Return if they received or are entitled to receive taxable dividends. The text appears to be incomplete and repetitive.
1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...
AI summary EfficiencyOne is a not-for-profit corporation established under the Canada Not-for-profit Corporations Act, operating under the Public Utilities Act and the Income Tax Act. It manages demand-side management programs and holds endowment funds through its subsidiary, with specific accounting policies for different funds, including the DSM Fund, PNS Fund, and Other Business Fund.
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 text discusses liquidity risk management by the Corporation, including monitoring cash flows and holding liquid assets. It outlines obligations such as accounts payable, accrued liabilities, and HST payable. The Corporation also addresses market risks, particularly interest rate risk, and explains that short-term deposits are not significantly impacted by interest rate fluctuations.
i) Cash Credit risk associated with cash is minimized by investing these assets in shortterm interest-bearing deposits of a Canadian bank with credit ratings that comply with the Corporation's banking and investment policy.
AI summary The credit risk associated with cash is minimized by investing in short-term interest-bearing deposits at Canadian banks that meet the Corporation's credit rating requirements as outlined in its banking and investment policy.
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 Liquidity risk refers to the inability to meet cash obligations as they come due. 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 exceptions based on contract terms. HST and loan payable payments are remitted monthly.
In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Liabilities 2000 Accounts Payable Accts payable & accrued liabilities 4,104 2410 Payroll Accruals Accts payable & accrued liabilities 188 2411 Group Ins...
AI summary The document presents a financial summary of liabilities and fund balances, including accounts payable, accrued liabilities, deferred revenue, and loan payables, with total liabilities and fund balances amounting to $19,972 thousand.
13. RISK MANAGEMENT (continued) 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 publi...
AI summary Credit risk for accounts receivable is mitigated as most receivables are from NS Power, a regulated public utility required to fund DSM activities.
3. CONTRIBUTIONS Effective December 10, 2020, the Organization entered into a funding agreement with FCM to administer the LC3 efforts in Halifax, Nova Scotia. The Organization received $2,431,286 in operating contributions and $15,000,000...
AI summary The Organization entered into a funding agreement with FCM in December 2020 to administer LC3 efforts in Halifax. It received significant contributions from FCM in 2021, though only a small portion of the operating contribution was recognized as revenue in 2022.
James R. Gogan Direct +1 (902) 563 5920 [email protected] 292 Charlotte Street Suite 300 Sydney NS Canada B1P 1C7 Tel +1 (902) 563 1000 Fax +1 (902) 563 1113 Our File: 243613 April 25, 2024 Nova Scotia Utility & Review Board 3r...
AI summary EfficiencyOne is submitting its 2023 financial statements and compliance reports to the Nova Scotia Utility & Review Board. The filing includes audited consolidated financial statements and various attachments related to the DSM Fund and other financial details.
\ \ EXTERNAL EMAIL / COURRIEL EXTERNE \ \ Exercise caution when opening attachments or clicking on links / Faites preuve de prudence si vous ouvrez une pièce jointe ou cliquez sur un lien Dear Ms. Henwood, Further to the above noted matter...
AI summary This email discusses the correction of a filing error regarding the 2023 Audited Financial Statements and the EOne Affiliate Code of Conduct Report. The documents were filed under the wrong matter number, and the email requests that the EOne Affiliate Code of Conduct Report be re-filed under the correct matter number.
August 15, 2024 [[email protected]](mailto:[email protected]) James R. Gogan McInnes Cooper Suite 300, 292 Charlotte Street Sydney NS B1P 1C7 Dear Mr. Gogan: M11677 – EfficiencyOne – 2023 Audited Financial Statement...
AI summary EfficiencyOne submitted its 2023 audited financial statements to the Board on April 25, 2024. The Board reviewed the documents, approved confidential treatment for certain attachments, and accepted the information as filed following responses to information requests.
Disclaimer: These summaries were generated by AI from the filings they describe. We take care to make them accurate, but errors are possible - and they aren't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →