E-1Financial Statements - Redacted
21 passages
Financial instruments The Corporation initially measures its financial assets and financial liabilities at fair value. Investments in pooled funds are subsequently measured at fair value and all remaining financial assets and financial lia...
AI summary The Corporation measures financial assets and liabilities using fair value for pooled fund investments and amortized cost for others, including cash, receivables, and private equity investments. Liabilities measured at amortized cost include accounts payable.
Related party transactions Financial assets and financial liabilities obtained in related party transactions are initially measured at cost. Gains or losses arising on initial measurement differences are generally recognized in net surplus...
AI summary The text outlines accounting treatment for related party transactions, stating financial assets/liabilities are initially measured at cost. Gains/losses from initial measurement differences are recognized in net surplus (normal operations) or equity (non-normal operations), with subsequent measurements based on initial cost minus impairment.
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. 20 24 20 23 du i l 7 6% GI C, e A 20 25 5.2 pr pe r a nn um...
AI summary The text discusses investments in pooled funds managed by an investment manager and measured at market value, in accordance with HCi3's investment policy. It includes a table with various investment categories and their values for different years.
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 describes 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: 20 24 20 23 ha Co t c t mm on s res , a os uit in lat ive ing inc Eq t e y cu mu ne arn s s e $ - $ - inc ion rat or po 14 7 14 6 $ 1...
AI summary The document outlines the investment in EfficiencyOne Services Inc., detailing its financial position and summarized financial information as of December 31, 2024, including assets, liabilities, equity, revenue, and cash flow.
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 (2023 – $nil). The dema...
AI summary The Corporation has a demand loan of up to $7,500 secured by a general security agreement, with no draws as of year-end 2023. The loan bears interest at the bank prime rate and is payable monthly.
a) 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 Cus...
AI summary The Corporation has an agreement with NS Power to provide financing to BNI customers in specific programs, with repayment terms up to 48 months. The Corporation is contingently liable for defaults, and a liability of $51 has been established for at-risk accounts. Total financing extended reached $2,165 as of December 31, 2024.
The Corporation is exposed to risks associated with its financial instruments as follows: ks Ris dit Cre Liq ui dit y ke Ma t r h Ca s X X eiv b le Ac ts co un rec a X b le Lo iva an re ce X X b le d a d lia bi liti Ac ts co un pa ya an cc...
AI summary The Corporation faces risks related to its financial instruments, including liquidity and credit risks. However, its risk exposure has decreased compared to the prior year due to a reduction in financial instruments.
The costs reported in the Consolidated Statement of Operations, include direct costs of the programs which are comprised of, but not limited to, customer payments, program support costs, and other program and administrative costs directly...
AI summary The text discusses the costs incurred by the Corporation in 2024 related to various programs, including DSM, PNS, and Other Business, with a breakdown of direct and non-direct costs. Non-direct costs are allocated using the ENSC Cost Allocation Methodology Report and reviewed by the NSUARB.
In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Liabilities 2000 Accounts Payable Accts payable & accrued liabilities 30 2410 Payroll Accruals Accts payable & accrued liabilities 365 2411 Group Insura...
AI summary The document presents a liability and fund balance summary in thousands of dollars, including accounts payable, accrued liabilities, deferred revenue, and loan payable. It lists various GL accounts with their descriptions and balances, providing an overview of current liabilities and fund balances.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI 1 Offit Idefitifier 100 Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2024-12-31 Balance sheet information Account Description GIFI Current year...
AI summary The document presents the General Index of Financial Information (GIFI) for EfficiencyOne, including balance sheet details for the years ending December 31, 2024, and the prior year. It outlines assets, liabilities, shareholder equity, and retained earnings.
- For more information, see Guide RC4088, General Index of Financial Information (GIFI), and Guide T4012, T2 Corporation Income Tax Guide. Part 1 – Information on the person primarily involved with the financial information ———————————————...
AI summary The text outlines a compilation engagement and related services provided, including accounting and bookkeeping. It also asks about reservations, notes to financial statements, subsequent events, and other financial information such as asset re-evaluation, contingent liabilities, commitments, and investments in joint ventures or partnerships.
General Index of Financial Information Notes to the financial statements recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive costs...
AI summary The document outlines Nova Scotia Power Inc.'s accounting policies, including expense recognition for incentive costs, cloud computing arrangements, cash management, financial instruments, impairment testing, related party transactions, and investment valuation methods. Key areas covered are amortized cost measurements, fair value adjustments, and treatment of financial assets and liabilities.
General Index of Financial Information Notes to the financial statements Investment distributions $ 729 $ 521
AI summary The document provides a general index of financial information, including notes to the financial statements and investment distributions. It includes figures such as 729 and 521, which may represent monetary values or other financial metrics.
General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...
AI summary The document outlines financial details including a loan receivable issued by HCi3, capital assets, bank indebtedness, deferred revenue, contingencies, and commitments. It highlights financing arrangements for BNI customers and estimated program commitments. Key financial figures and liabilities are discussed.
liquidity risk by monitoring forecasted and actual cash flows and financial Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2024-12-31 General Index of Financial Information Notes to the finan...
AI summary The text discusses liquidity risk management through the monitoring of forecasted and actual cash flows and financial information. It includes a table with financial details for EfficiencyOne, including its business number and tax year end.
A share of another corporation A loan or advance to another corporation (other than a financial institution) A bond, debenture, note, mortgage, hypothecary claim, or similar obligation of another corporation (other than a financial institu...
AI summary The text lists various financial instruments and obligations, including shares, loans, bonds, and long-term debt, which are relevant to accounting and financial reporting practices.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether...
AI summary The auditor's responsibilities include obtaining reasonable assurance that the consolidated financial statements are free from material misstatement, whether due to fraud or error, and issuing an auditor's report. Auditors exercise professional judgment and skepticism, assess risks, evaluate accounting policies, and ensure the financial statements are fairly presented.
4.INVESTMENT INCOME Investment income is earned on endowments and consists of distributionsfrom various pooled fund investments as listed in Note 6, as well as interest on cash deposits and unrealized gains or losses due to changes in fair...
AI summary Investment income is derived from endowments and includes distributions from pooled fund investments, interest on cash deposits, and unrealized gains or losses. A portion of this income is allocated to the Stabilization Fund as deferred revenue.
The Organization's mandate includes direct investments, such as loans, tosupport local projects to mitigate climate impacts. Loans receivable are fundedby endowments from FCM and the Province of Nova Scotia. During the year, the Organizati...
AI summary The Organization provides loans to support local climate mitigation projects, funded by endowments from FCM and the Province of Nova Scotia. A $200,000 loan was issued with an interest rate of prime + 4%, repayable in interest-only installments until 2027 and secured by a general security agreement.
The Organization is exposed to risks associated with its financial instruments as follows: Risks Market risk Credit Liquidity Other Price Risk Interest Rate Cash Χ Χ Loan Receivable Χ Χ Investments Χ X Χ Accounts payable and accrued liabil...
AI summary The Organization faces financial risks related to its financial instruments, particularly credit and liquidity risks, as outlined in the provided table. Credit risk is highlighted for cash, loan receivable, and accounts payable, while liquidity risk is noted for investments and accounts payable.