E-1Financial Statements - Redacted
9 passages
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2022 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2022 2021 REVENUES Efficiency Nova Scotia (Note 3) $ 42,431 $ 36,341 $ - $ 78,772 $ 68...
AI summary The consolidated statement of operations for the year ended December 31, 2022, outlines revenues and costs across the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. It details income from Efficiency Nova Scotia, investment income, and various direct and administrative costs, with a net surplus from operations reported as a deficit for the year.
CONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 2022 (IN THOUSANDS) Unrestricted Endowment 2022 2021 Fund balance, beginning of the year $ 149 $ 15,031 $ 15,180 $ 154 Net surplus (deficit) (2) - (2) (5) E...
AI summary The consolidated statement of changes in fund balances for the year ended December 31, 2022, shows the unrestricted and endowment fund balances for the year, including net surplus, endowment contributions, and unrealized fair market value adjustments.
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2022 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2022 2021 CASH PROVIDED BY (USED FOR): OPERATING Total surplus (deficit) $ - $ - $ (2)...
AI summary The consolidated statement of cash flows for 2022 shows changes in cash across different funds, including operating, financing, and investing activities. It highlights cash inflows and outflows related to working capital, loan repayments, and investments, with a focus on the Demand-Side Management Fund, Provincial Fund, and Other Business Fund.
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.
Demand-Side Management Fund Provincial Fund Other Business Fund 2022 2021 Fee-for-service revenue Other revenue $ 41,000 - $ 82,507 - $ - 5,541 $ 123,507 5,541 $ 111,089 2,639 Recognition/(Deferral) of revenue 1,431 (46,166) 247 (44,488) (...
AI summary The text provides a table showing revenue and recognition/deferral of revenue for different funds in 2022 and 2021, with figures for the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. It also references a section on investments.
4. INVESTMENTS (continued) 2022 2021 Investment distributions $ 407 $ 42 Interest income - 90 Realized loss on sale of investments (4) Investment management fees (53) - Change in fair market value (1,286) 31 Total investment income (936) 1...
AI summary The table outlines investment-related financial figures for 2022 and 2021, including investment distributions, interest income, realized losses, management fees, and changes in fair market value. A stabilization allocation is reserved for funding eligible expenses when investment proceeds fall short of expectations.
8. DEFERRED REVENUE Demand-Side Management Fund Provincial Fund Other Business Fund 2022 2021 Opening $ 5,073 $ 56,193 $ 2,150 $ 63,416 $ 22,129 Recognition of prior years' deferred revenue (1,431) (24,734) (558) (26,723) (1,405) Deferral...
AI summary The table outlines deferred revenue for various funds in 2022 and 2021, including opening balances, recognition of prior years' deferred revenue, deferral of current year revenue, and investment income. It also shows the current portion and remaining deferred revenue for each fund.
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. The...
AI summary The Corporation faces market risks, including currency, interest rate, and other price risks, due to fluctuations in the fair value of financial instruments. It is not exposed to additional currency risk beyond that recognized through other price risk, as some investments are in foreign currencies.
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, primarily from its interest-bearing liability with a fixed rate. However, fluctuations in market rates have minimal impact on its operations, as short-term deposits are not significantly affected by interest rate changes.