8. BANK INDEBTEDNESS The Corporation has an operating demand loan of credit available in the amount of $7,500 bearing interest at the bank prime rate, payable monthly. At year end, the Corporation had no draws against the line of credit (2...
AI summary The Corporation has a $7,500 demand loan available at the bank prime rate, secured by a first-ranking general security agreement. No draws were made against the line of credit at year-end, and this remained the case in 2022.
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.
Deferred in Other Business Fund (94) - Unrealized fair market value adjustments (1,185) 1,286 Recognized investment income $ 321 $ 281 i. The Stabilization allocation is an amount held in reserve and used for the purpose of funding eligibl...
AI summary The document discusses the funding of NS Power's DSM deferral balance through external financing, including loans arranged by the Corporation with TD, and the obligation of NS Power to make repayments. The NSUARB directed the Corporation to proceed with funding the unamortized portion of the 2015 DSM Deferral.