Topic:"Financial Instruments" in M04819

e Guide Q: On the Web site we see only incentives to electricity measures. In the program manual we have both incentives coming from rate-payer funds and coming from provincial funds, Why is that? Ref.: 5725 Performance Plus Program Effici...

AI summary The document contains questions and clarifications regarding the Performance Plus Program, including the source of funding, program name changes, and the involvement of multiple stakeholders. Questions focus on incentives, program implementation, and data collection practices.

EFFICIENCY NOVA SCOTIA CORPORATION INDEX DECEMBER 31, 2011 Page INDEPENDENT AUDITORS' REPORT 1 STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCES 3 STATEMENT OF FINANCIAL POSITION 4 STATEMENT OF CASH FLOWS 5 NOTES TO THE FINANCIAL STATEM...

AI summary The document presents the Efficiency Nova Scotia Corporation's financial statements as of December 31, 2011, including an independent auditors' report, statement of operations, financial position, cash flows, and notes to the financial statements.

3. FINANCIAL INSTRUMENTS The Corporation's financial instruments include cash and cash equivalents, accounts receivable, accounts payable and Harmonized Sales Tax ("HST") receivable and payable balances. It is management's opinion that the...

AI summary The Corporation's financial instruments include cash, accounts receivable, and HST balances. Management asserts minimal exposure to interest, currency, or credit risks beyond those in Note 16. All financial assets and liabilities are measured at amortized cost, approximating fair value due to liquidity.

10. ACCOUNTS RECEIVABLE 2011 2010 Electricity Electricity Demand Side Demand Side Management Provincial Management Provincial Fund Fund Total Fund Fund Total $ $ $ $ $ $ NSPI receivables 11,100,184 - 11,100,184 4,126,627 - 4,126,627 Other...

AI summary The section discusses accounts receivable for 2011 and 2010, including receivables from the Electricity Demand-Side Management (EDSM) Fund and other receivables. In 2011, other receivables were $998,573, net of a valuation allowance of $272,000, compared to $0 in 2010.

16. RISK MANAGEMENT The Corporation is exposed to risks associated with its financial instruments. An analysis of sensitivity to specified risks is provided where these risks may affect results, activities or financial position.

AI summary The Corporation faces financial risks related to its financial instruments, and a sensitivity analysis is provided to assess potential impacts on results, activities, or financial position.

The Corporation's financial instruments and the nature of the risks which they may be subject to are as follows: Risks Market risk Credit Liquidity Currency Interest rate Cash and cash equivalents x x Accounts receivable x Accounts payable...

AI summary The document outlines the Corporation's financial instruments and the risks they face, including credit, liquidity, currency, and interest rate risks. It highlights specific instruments like cash and cash equivalents, accounts receivable, and accounts payable, along with their associated risks.

2. EFFICIENCY NOVA SCOTIA 2011 PROGRAM EXPENDITURE RESTATEMENT In late 2012, it was determined that a number of incentive accruals in the Custom Program were not recorded during the 2011 fiscal year, resulting in program expenditures being...

AI summary In late 2012, it was discovered that incentive accruals in the Custom Program were not recorded during the 2011 fiscal year, leading to an understatement of program expenditures by $1.2 million. This error affected the 2011 Balance Adjustment and the 2013 DSM Cost Recovery Rider, and ENSC plans to offset it in the 2014 DCRR. The energy savings were correctly captured, and corrective actions were taken.

nce this matter is finally resolved with Canada Revenue Agency, ENSC is directed to make an application to the Board for adjudication on how any return of monies used to fund ITCs is to be allocated." In 2012, ENSC incurred $4.2 million in...

AI summary ENSC incurred ITCs in 2012 and plans to recover them in the 2012 BA. In 2013, ENSC expects similar ITCs but will adjust spending to align with UARB approvals, potentially avoiding recovery in the 2013 BA.