E-12021 Financial Statements - Redacted
14 passages
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2021 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2021 2020 REVENUES Efficiency Nova Scotia (Note 3) $ 35,910 $ 32,118 $ - $ 68,028 $ 55...
AI summary The document presents consolidated financial statements for the year ended December 31, 2021, including the statement of operations, changes in fund balances, and financial position. It details revenues, costs, and surplus from operations for various funds, as well as fund balances and financial position figures for 2021 and 2020.
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2021 2020 CASH PROVIDED BY (USED FOR): OPERATING Total surplus (deficit) $ - $ - $ (5)...
AI summary The consolidated statement of cash flows for the year ended December 31, 2021, outlines cash flows from operating, financing, and investing activities for the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. It shows changes in working capital items, loan repayments, and investments, along with the change in cash and cash balances at the beginning and end of the year.
Cash The Corporation discloses bank balances and interest-bearing deposits with a maturity period of three months or less from the date of acquisition under cash. The Corporation manages its cash according to its cash needs, in accordance...
AI summary The Corporation discloses its short-term cash and interest-bearing deposits and manages its cash in line with its investment policy to meet its cash needs.
Investment income: 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 v...
AI summary The text discusses investment income from endowments, which includes distributions from pooled fund investments, 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.
2021 2020 Investment distributions $ 42 $ - Interest income 90 - Change in fair market value 31 - Total investment income 163 - Stabilization allocation (i) (6) - Unrealized fair market value adjustments (31) - Recognized investment income...
AI summary The document presents a comparison of investment-related financial figures between 2021 and 2020, including investment distributions, interest income, and changes in fair market value. It also mentions a stabilization allocation used to fund eligible expenses when annual investment proceeds fall short of expectations.
FINANCIAL POSITION 2021 2020 Assets $ 198 $ 171 Liabilities 54 22 Equity 144 149 Total Liability and Equity $ 198 $ 171 RESULTS OF OPERATIONS 2021 2020 Revenue $ 55 $ 444 Expenses (including a provision for (recovery of) income tax) 60 457...
AI summary The financial position of the corporation shows an increase in assets from 2020 to 2021, but a significant drop in revenue and a net loss in both years. The corporation provides services to EfficiencyOne Services Inc. on a fully allocated cost basis, with costs and receivables/payables noted for both years.
8. DEFERRED REVENUE Demand-Side Management Fund Provincial Fund Other Business Fund 2021 2020 Opening Recognition of prior years' deferred $ 6,383 $ 15,651 $ 95 $ 22,129 $ 28,715 revenue Deferral of current year (1,310) - (95) (1,405) (7,5...
AI summary The chunk discusses deferred revenue across different funds in 2021 and 2020, including opening recognition of prior years' deferred revenue, deferral of current year revenue, and deferral of investment income. It also includes a note and a breakdown of the current portion of deferred revenue.
On March 11, 2020, the World Health Organization declared COVID-19 a world-wide pandemic. After this, the federal and provincial governments put into effect restrictions on businesses and travel, leading to the Province of Nova Scotia decl...
AI summary The document discusses the impact of the COVID-19 pandemic on the Corporation's operations, including the suspension of in-home visits and site assessments, and the uncertainty surrounding future economic conditions and cash flows.
ii) Accounts receivable and loan receivable Credit risk associated with accounts receivable is mitigated by the fact that the majority of receivables outstanding are from NS Power, which is a regulated public utility, mandated by its regul...
AI summary The credit risk for accounts receivable is low due to the majority of receivables being from NS Power, a regulated public utility responsible for funding DSM activities.
c) Market risk The Corporation is exposed to market risks arising from changes in the fair value of financial instruments due to market price fluctuations. Market risks consist of currency risk, interest rate risk and other price risk.
AI summary The Corporation faces market risks from changes in the fair value of financial instruments due to market price fluctuations, including currency risk, interest rate risk, and other price risks.
i) Interest rate risk Interest rate risk is the risk that the fair value of a financial instrument or the related future cash flows will fluctuate due to changes in the market interest rates. The Corporation is exposed to interest rate ris...
AI summary The Corporation is exposed to interest rate risk due to its interest-bearing liability with a fixed interest rate. However, fluctuations in market rates do not significantly impact its results of operations, as short-term deposits are not exposed to significant interest rate risk.
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.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI Form identifier 100 GENERAL INDEX OF FINANCIAL INFORMAT GENERAL INDEX OF FINANCIAL INFORMATION – GIFI Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0...
AI summary The document provides the General Index of Financial Information (GIFI) for EfficiencyOne, detailing its balance sheet for the 2021 tax year. It includes information on assets, liabilities, shareholder equity, and retained earnings, with comparisons to the prior year.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI Form identifier 125 GENERAL INDEX OF FINANCIAL INFORMATION - SILT Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2021-12-31 Description GIFI Oper...
AI summary The document presents the General Index of Financial Information (GIFI) for EfficiencyOne, including financial data such as total sales, cost of sales, gross profit, operating expenses, and net income for the tax year ending December 31, 2021. This information is organized in a structured format with account numbers and descriptions.