EFFICIENCYONE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021
AI summary The document presents the consolidated financial statements of EfficiencyOne for the year ended December 31, 2021, providing an overview of the company's financial position and performance.
INDEX DECEMBER 31, 2021 Independent Auditors' Report 1-2 Consolidated Statement of Operations 3 Consolidated Statement of Changes in Fund Balances 4 Consolidated Statement of Financial Position 5 Consolidated Statement of Cash Flows 6 Note...
AI summary The document provides an index to the financial statements and reports for December 31, 2021, including the Independent Auditors' Report and various consolidated financial statements.
The Corporation has entered into multi-year fee-for-service agreements with the Province of Nova Scotia. The contract term, payment frequency and annual amounts are summarized below: 2021 2020 Non-Electric Residential June 6, 2018 - Decemb...
AI summary The Corporation has entered into multi-year fee-for-service agreements with the Province of Nova Scotia, with details on contract terms, payment frequencies, and annual amounts provided in a table covering various programs from 2020 to 2021.
The Corporation's investments in pooled funds are held by an investment manager. Investments consist of units in the following funds, which are recorded at market value: 2021 2020 Short-term investment fund $ 5,550 $ - Canadian equity mutu...
AI summary The Corporation's investments in pooled funds are managed by an investment manager and include units in various funds such as short-term investment, Canadian equity mutual, Canadian bond, and global equity funds, all recorded at market value as of 2021.
5. LOAN RECEIVABLE/PAYABLE The NSUARB requested that the Corporation assess the viability of external financing of NS Power's DSM deferral balance of $35,000 from 2015 ("2015 DSM Deferral"). The Corporation determined that such external fi...
AI summary The NSUARB requested the Corporation to assess external financing of NS Power's 2015 DSM Deferral balance. The Corporation proceeded with funding the unamortized portion, borrowing from TD and advancing the funds to NS Power with repayment obligations. A second loan was finalized in 2017 for accrued returns on the deferral, with similar repayment terms.
The payment obligations for the term of the loans are outlined in the following table: Total Payment Total Principal Total Interest Amount 2022 $ 4,895 $ 181 $ 5,076 2023 5,007 72 5,079 Remaining Balance $ 9,902 $ 253 $ 10,155 NOTES TO THE...
AI summary The document outlines the payment obligations for loans, including total principal, interest, and amounts due for the years 2022, 2023, and the remaining balance. It is part of the notes to the consolidated financial statements for the year ended December 31, 2021.
The investment represents a 100% interest in the common shares of EfficiencyOne Services Inc. as follows: 2021 2020 Common shares, at cost $ - $ - Equity in cumulative net earnings since incorporation 144 149 $ 144 $ 149 Summarized financi...
AI summary The text outlines an investment representing a 100% interest in EfficiencyOne Services Inc., providing financial details for 2021 and 2020, including equity in cumulative net earnings and summarized financial information as of December 31, 2021.
The Corporation has an agreement with NS Power to extend financing to certain Business, Non-Profit and Institutional ("BNI") customers participating in either the Small Business Energy Solutions, Affordable Multi-Family Housing, BNI Custom...
AI summary The Corporation provides financing to BNI customers in specific energy programs, with NS Power managing repayment terms and receiving monthly payments. The Corporation is contingently liable for defaults, and the total financing balance was $1,438 as of December 31, 2021.
The Corporation is exposed to risks associated with its financial instruments as follows: Risks Credit Liquidity Market Cash X X Accounts receivable X Accounts payable and accrued liabilities X X Investments X NOTES TO THE CONSOLIDATED FIN...
AI summary The Corporation faces financial risks related to its financial instruments, particularly in credit, liquidity, and market areas, with specific exposures noted for cash, accounts receivable, accounts payable, and investments.
In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of DSM Fund Fund through Cost Allocation Methodology IT Contract Services Information Technology 147 - 147 Purchased IT Equipment Informa...
AI summary The document presents a detailed breakdown of financial expenditures related to the Demand-Side Management (DSM) Fund for the year ended December 31, 2021, categorized under various GL accounts and financial statement groupings such as Information Technology, Advertising & Marketing, and others.
Statement of Financial Position - Details by GL Account - Demand-Side Management (DSM) Fund As at December 31, 2021 GL Account GL Account Description Financial Statement Grouping GL Balance Liabilities 2000 Accounts Payable Accts payable &...
AI summary The text presents a Statement of Financial Position for the Demand-Side Management (DSM) Fund as of December 31, 2021, detailing liabilities and fund balances. It includes various GL accounts such as accounts payable, deferred revenue, loan payable, and others, with corresponding balances.
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.
Attachment 3 EfficiencyOne 80494 7976 RC0001 ┌ Part 4 – Other information (continued) ———— Impairment and fair value changes In any of the following assets, was an amount recognized in net incorresult of an impairment loss in the tax year,...
AI summary The text discusses impairment and fair value changes related to various assets, including property, plant, equipment, intangible assets, and financial instruments. It also addresses derecognition of financial instruments, hedge accounting, and adjustments to opening equity.
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.
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