E-1Financial Statements - Redacted
19 passages
INDEX DECEMBER 31, 2023 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, 2023, including the Independent Auditors' Report and various consolidated financial statements.
Investments in pooled funds are held by an investment manager and are measured at market value. All market-based investments are made in accordance with HCi3's investment policy. 2023 2022 GIC, due February 5, 2024, 5.58% per annum $ 60,00...
AI summary The text outlines investments in pooled funds managed by an investment manager, measured at market value, and mentions adherence to HCi3's investment policy. It includes a table showing various investments and their values for 2023 and 2022.
Investment income earned from endowments consists of distributions from various pooled fund investments as listed above, as well as interest on cash deposits and unrealized gains or losses due to changes in fair market value. The investmen...
AI summary The text discusses investment income from endowments, including sources such as pooled fund distributions, interest on cash deposits, and unrealized gains or losses. This income is recognized in the Consolidated Statement of Operations as it becomes available for expenditure.
Program Basis of Estimate Home Energy Assessment Number of eligible homes anticipated to complete the program at the historical average rebate rate plus final audit costs to be paid to Delivery Agents. SolarHomes Number of approved custome...
AI summary The document outlines various energy efficiency programs and their basis of estimate, including Home Energy Assessment, SolarHomes, and Mi'kmaw Home Energy Efficiency. It also mentions multi-year agreements with NS Power, the Province of Nova Scotia, and Natural Resources Canada to support future commitments.
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 The Corporation's risk exposu...
AI summary The Corporation faces increased risks related to its financial instruments, particularly in credit, liquidity, and market areas. Risks have grown compared to the prior year due to an overall increase in financial instruments.
i) Other price risk Other price risk is the risk that the fair value of a financial instrument or the related future cash flows will fluctuate due to changes in market prices. The Corporation is exposed to other price risk with regard to i...
AI summary The Corporation faces other price risk due to fluctuations in market prices affecting the fair value of its investments, which include pooled funds. To mitigate this risk, the Corporation uses an investment manager and maintains a diversified portfolio of bonds and equity funds as per its investment policy.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 Balance sheet information Account Description GIFI Current year Prior year Assets – Tot...
AI summary The document provides financial information for EfficiencyOne, including balance sheet details such as total assets, liabilities, and shareholder equity for the years ending December 31, 2023, and prior years. It outlines current and long-term assets and liabilities, as well as retained earnings.
General Index of Financial Information (GIFI) – Additional Information Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31
AI summary The document provides additional information related to the General Index of Financial Information (GIFI), specifically focusing on EfficiencyOne, including its business number and tax year-end.
REDACTED Attachment 3 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 incresult of an impairment loss in the tax year, a reve...
AI summary The text presents a section from a financial disclosure form, including details on impairment and fair value changes, financial instruments, and adjustments to opening equity. The form is filled out for EfficiencyOne with a tax year end of December 31, 2023. It includes sections on whether impairment losses were recognized, hedge accounting applied, and adjustments to retained earnings due to changes in accounting policies.
restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...
AI summary The document discusses the Corporation's accounting policies, focusing on expense recognition, financial instruments, and impairment testing. Incentive costs are recognized when energy savings are achieved, and financial assets and liabilities are measured at fair value or amortized cost. Impairment testing is conducted for financial assets measured at amortized cost.
he amount that would have been reported at the date of the reversal had the impairment not been recognized previously. The amount of a reversal is recognized in net surplus. Related party transactions Financial assets and financial liabili...
AI summary The text outlines accounting policies related to financial assets, liabilities, investments, and capital assets. It discusses initial and subsequent measurement of financial instruments, impairment reversals, related party transactions, and amortization methods for capital assets.
Cost allocation methodology Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document presents a table with information about EfficiencyOne, including its business number and tax year end. It also references the General Index of Financial Information Notes to the financial statements, which may provide context for the cost allocation methodology being discussed.
The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 14. There was no change to the CAM from prior years. Use of estimates The preparation of the consolidat...
AI summary The Corporation uses a consistent Cost Allocation Methodology to allocate expenses and has entered into several multi-year agreements with NS Power and the Province of Nova Scotia for demand-side management and energy efficiency programs, with specific funding amounts and timelines outlined.
The agreement provides total funding of $198,844, and of this contribution, Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the finan...
AI summary The document outlines a funding agreement totaling $198,844 and includes financial information notes related to EfficiencyOne, with a tax year end of December 31, 2023.
$57,603 (2022 - $1,161) was recognized as revenue in the current year. During the year, the Corporation recognized $348 in revenue from HCi3 (2022 - $658) and $196 from other sources (2022 - $3,969). Demand-Side Other Management Provincial...
AI summary The document outlines revenue recognition and investment activities of the Corporation, including $57,603 in revenue recognized in 2023, with specific breakdowns from HCi3 and other sources. It also details investments in guaranteed investment certificates and pooled funds, managed in accordance with HCi3's investment policy.
us pooled fund investments as listed above, as well as interest on cash deposits and unrealized gains or losses due to changes in fair market value. The investment income earned from endowments is recognized in the Consolidated Statement o...
AI summary The text discusses investment income earned from endowments, including distributions, realized losses, management fees, and changes in fair market value, with a stabilization allocation deducted. Total investment income for 2023 was $1,630, compared to $936 in 2022.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document presents financial information for EfficiencyOne, including its business number and tax year-end date of December 31, 2023. It also includes notes to the financial statements under the General Index of Financial Information.
wer and entered into an Undertaking to Pay with NS Power, whereby NS Power was obligated to make 82 equal monthly payments that correspond exactly to the amount and timing of those the Corporation is obligated to make to TD. Both loans wer...
AI summary The text discusses financial obligations and repayments related to loans and an investment in EfficiencyOne Services Inc., including financial position, results of operations, and cash flow details for 2023 and 2022.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document presents the General Index of Financial Information Notes to the financial statements for EfficiencyOne, including the corporation's name, business number, and tax year end.
E-2Financial Statements - Refiled - Redacted
25 passages
Investments in pooled funds are held by an investment manager and are measured at market value. All market-based investments are made in accordance with HCi3's investment policy. 2023 2022 GIC, due February 5, 2024, 5.58% per annum $ 60,00...
AI summary The document discusses investments in pooled funds managed by an investment manager and measured at market value, in accordance with HCi3's investment policy. It includes details on various investment vehicles and their values for 2023 and 2022.
Investment income earned from endowments consists of distributions from various pooled fund investments as listed above, as well as interest on cash deposits and unrealized gains or losses due to changes in fair market value. The investmen...
AI summary The text discusses investment income from endowments, including distributions from pooled funds, interest on cash deposits, and unrealized gains or losses. This income is recognized in the Consolidated Statement of Operations as it becomes available for expenditure.
The investment represents a 100% interest in the common shares of EfficiencyOne Services Inc. as follows: 2023 2022 Common shares, at cost $ - $ - Equity in cumulative net earnings since incorporation 146 142 $ 146 $ 142 Summarized financi...
AI summary The document outlines an investment representing a 100% interest in EfficiencyOne Services Inc., including equity in cumulative net earnings for 2023 and 2022, with summarized financial information provided as of December 31, 2023.
FINANCIAL POSITION 2023 2022 Assets $ 149 $ 145 Liabilities 3 3 Equity 146 142 Total Liability and Equity $ 149 $ 145 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS)
AI summary The financial position section presents a summary of assets, liabilities, equity, and total liability and equity for 2023 and 2022, showing a slight increase in assets and equity over the period.
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 The Corporation's risk exposu...
AI summary The Corporation faces increased financial risks, particularly in credit, liquidity, and market areas, due to an overall increase in financial instruments compared to the prior year.
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.
General Index of Financial Information (GIFI) – Additional Information Corporation's name Business number Tax year-end Year Month Day Does that person have a professional designation in accounting? Yes X No
AI summary The document provides additional information related to the General Index of Financial Information (GIFI), including a table with corporation details and a question regarding professional accounting designations.
REDACTED Attachment 3 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 incresult of an impairment loss in the tax year, a reve...
AI summary The document is a financial information form from EfficiencyOne for the tax year ending December 31, 2023. It includes sections on impairment and fair value changes, financial instruments, and information about the person who prepared the T2 return. It also includes a General Index of Financial Information and notes to the financial statements.
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, a not-for-profit corporation, was established under the Canada Not-for-profit Corporations Act and operates under the Public Utilities Act. It manages demand-side management programs and maintains separate funds for operations, including the DSM Fund, PNS Fund, and Other Business Fund. The Corporation follows specific accounting policies, including revenue deferral and fund accounting.
restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...
AI summary The document outlines the Corporation's accounting policies, including the recognition of incentive costs tied to energy savings, the measurement and disclosure of financial instruments, and the handling of impairment of financial assets. These policies guide how financial activities are recorded and managed.
he amount that would have been reported at the date of the reversal had the impairment not been recognized previously. The amount of a reversal is recognized in net surplus. Related party transactions Financial assets and financial liabili...
AI summary The text outlines accounting policies related to financial assets, liabilities, investments, and capital assets. It discusses the initial and subsequent measurement of financial instruments in related party transactions, the valuation of investments, and the amortization of capital assets.
Cost allocation methodology Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document outlines the cost allocation methodology used by EfficiencyOne, including financial information notes and tax details for the 2023 fiscal year.
The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 14. There was no change to the CAM from prior years. Use of estimates The preparation of the consolidat...
AI summary The Corporation uses a consistent Cost Allocation Methodology to manage expenses and adheres to Canadian accounting standards. It has entered into multiple multi-year agreements with Nova Scotia Power and the Province of Nova Scotia for demand-side management and other energy efficiency initiatives, with specific funding and revenue figures outlined.
The agreement provides total funding of $198,844, and of this contribution, Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the finan...
AI summary The text outlines a funding agreement providing total funding of $198,844 and includes a table with financial information related to EfficiencyOne, including its business number and tax year end.
$57,603 (2022 - $1,161) was recognized as revenue in the current year. During the year, the Corporation recognized $348 in revenue from HCi3 (2022 - $658) and $196 from other sources (2022 - $3,969). Demand-Side Other Management Provincial...
AI summary The document outlines revenue recognition and investment activities of the Corporation, highlighting $57,603 in revenue recognized in 2023, with specific breakdowns of fee-for-service and other revenue streams. It also details investments in guaranteed investment certificates and pooled funds in accordance with the Corporation's investment policy.
us pooled fund investments as listed above, as well as interest on cash deposits and unrealized gains or losses due to changes in fair market value. The investment income earned from endowments is recognized in the Consolidated Statement o...
AI summary The text discusses investment income from pooled fund investments, including distributions, realized losses, management fees, and changes in fair market value. It also mentions the allocation of investment income, including stabilization allocations for the years 2023 and 2022.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document provides a table with financial information related to EfficiencyOne, including the corporation's name, business number, and tax year end. It also references the General Index of Financial Information Notes to the financial statements.
wer and entered into an Undertaking to Pay with NS Power, whereby NS Power was obligated to make 82 equal monthly payments that correspond exactly to the amount and timing of those the Corporation is obligated to make to TD. Both loans wer...
AI summary The text outlines financial details related to a loan repayment and an investment in EfficiencyOne Services Inc. NS Power made monthly payments to TD, and both loans were repaid in 2023. The investment in EfficiencyOne Services Inc. shows financial performance metrics for 2023 and 2022, including assets, liabilities, revenue, expenses, and net earnings.
General Index of Financial Information Notes to the financial statements Investments X The Corporation's risk exposure has increased from the prior year, due to the overall increase in financial instruments.
AI summary The Corporation's risk exposure has increased due to an overall increase in financial instruments, as noted in the General Index of Financial Information Notes to the financial statements.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements
AI summary The document presents the General Index of Financial Information Notes to the financial statements for EfficiencyOne, including the corporation's name, business number, and tax year end.
- If the corporation was a non-resident of Canada throughout the year and carried on a business through a permanent establishment in Canada, go to Part 4, Taxable capital employed in Canada. Part 1 – Capital — Add the following year-end am...
AI summary The text outlines a section of a regulatory document related to the calculation of taxable capital employed in Canada for a corporation that is a non-resident but operates through a permanent establishment in Canada. It provides a table with various financial items to be added for capital calculation.
INDEX DECEMBER 31, 2023 Independent Auditors' Report 1-2 Consolidated Statement of Operations and Changes in Fund Balances 3 Consolidated Statement of Financial Position 4 Consolidated Statement of Cash Flows 5 Notes to the Consolidated Fi...
AI summary The document provides an index to the financial statements and reports for December 31, 2023, including audit reports and consolidated financial statements.
2023 2022 Fiera ASFI – Active Canadian Bonds Universe Fund – Class A $ 4,142,968 $ 2,529,575 Fiera ASFI – Active Short-term Bond Fund – Class A Fiera Atlas Global Companies Fund – Class A 4,011,465 4,029,847 2,525,294 2,505,566 Fiera Diver...
AI summary The table presents financial data for various funds managed by Fiera in 2023 and 2022, highlighting changes in their values. The section heading '8. RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties, though the details are not provided in this chunk.
2023 2022 Information technology $ 11,125 $ 8,747 Office and insurance 5,546 7,539 Rent 17,420 21,689 Salaries and benefits 96,842 52,972 Training and development 1,378 839 $ 132,311 $ 91,786 7. DEFERRED REVENUE Operating Fund Stabilizatio...
AI summary The document presents a comparison of various expense categories between 2023 and 2022, including information technology, office and insurance, rent, salaries and benefits, and training and development. It also includes details on deferred revenue for the Operating Fund and Stabilization Fund, along with an amount due to EfficiencyOne.
The Organization is exposed to risks associated with its financial instruments as follows: Risks Market risk Other Price Interest Credit Liquidity Risk Rate Cash X X Investments X X X Accounts payable and accrued liabilities X NOTES TO THE...
AI summary The Organization faces financial risks related to its financial instruments, including credit, liquidity, market, and interest rate risks. These risks are outlined in a table and noted in the consolidated financial statements for the year ended December 31, 2023.