E-1Financial Statements - Redacted
19 passages
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS) REVENUES Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 Efficiency Nova Scotia (Note 3) $ 44,503 $ 37,108 $ - 81,611 $ $ 78...
AI summary The consolidated statement of operations for Efficiency Nova Scotia for the year ended December 31, 2023, outlines revenues and costs across various funds, including the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. Key figures include revenues from Efficiency Nova Scotia, incentives, and administrative costs. The statement also includes a consolidated statement of changes in fund balances, showing fund balances at the beginning and end of the year.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2023 (IN THOUSANDS) Demand-Side Management Provincial Other Business Fund Fund Fund 2023 2022 ASSETS CURRENT Cash $ 16,875 $ 23,189 $ 2,662 $ 42,726 $ 51,216 Accounts receivab...
AI summary The consolidated statement of financial position as of December 31, 2023, outlines the financial status of various funds, including the Demand-Side Management Fund, Provincial Fund, and Other Business Fund, showing changes in assets, liabilities, and fund balances between 2022 and 2023.
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 CASH PROVIDED BY (USED FOR): OPERATING Total surplus (deficit) $ - $ - $ 3 $...
AI summary The consolidated statement of cash flows for the year ended December 31, 2023, outlines the cash flows for the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. It includes operating, financing, and investing activities, as well as changes in cash and cash balances at the beginning and end of the year.
Cash The Corporation recognizes 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 manages its cash and short-term interest-bearing deposits in accordance with its investment policy, ensuring alignment with cash needs and maturity periods of three months or less.
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 the consolidated financial statements for 2023 and 2022, showing assets, liabilities, equity, and total liability and equity. The data highlights a slight increase in assets and equity from 2022 to 2023.
RESULTS OF OPERATIONS 2023 2022 Revenue $ 7 $ 4 Expenses (including a provision for (recovery of) income tax) 4 6 Net Earnings (Loss) $ 3 $ (2) CASH FLOW 2023 2022 Operating $ 4 $ 1 Change in Cash 4 1 Cash - beginning of period 145 144 Cas...
AI summary The document presents financial results for 2023 and 2022, showing increased revenue and net earnings. It also details cash flow and services provided by the Corporation to EfficiencyOne Services Inc. on a fully allocated cost basis.
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 from fluctuations in financial instrument values, including currency, interest rate, and other price risks. 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 due to its interest-bearing liability with a fixed interest rate. However, fluctuations in market interest rates have a minimal impact on its operations, as its cash deposits are short-term and earn interest at market rates.
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 text presents a table of liabilities and fund balances, including accounts payable, accrued liabilities, deferred revenue, and loan payables, with amounts in thousands of dollars. The table provides a detailed breakdown of financial obligations and balances for the entity.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI Form identifier 125 Form identifier 125 Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 Description GIFI Operating name 0001 0002 0003...
AI summary The document presents the General Index of Financial Information (GIFI) for EfficiencyOne, detailing financial data for the tax year ending December 31, 2023, including sales, costs, profits, and expenses.
General Index of Financial Information (GIFI) – Additional Information Corporation's name Business number Tax year-end Year Month Day Is that person connected with the corporation? Yes No X
AI summary The text presents a table for the General Index of Financial Information (GIFI) – Additional Information, which includes fields such as the corporation's name, business number, and tax year-end. It also includes a question about whether a person is connected with the corporation.
Investment income earned on the HCi3 endowments and available for expenditure is allocated to the Other Business Fund, as determined by externally imposed Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7...
AI summary The text discusses the allocation of investment income from the HCi3 endowments to the Other Business Fund, as determined by external factors. It includes a table with financial information related to EfficiencyOne and mentions the General Index of Financial Information Notes to the financial statements.
$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.
2030 316 13. RISK MANAGEMENT 2029 316 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 Corpo...
AI summary The document outlines the Corporation's exposure to financial risks associated with its financial instruments, including credit, liquidity, and market risks, and lists assets such as cash, accounts receivable, and accounts payable.
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 compared to the prior year, primarily due to an overall increase in financial instruments, as noted in the General Index of Financial Information Notes to the financial statements.
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 is exposed to other price risk due to fluctuations in market prices affecting the fair value of its investments. It manages this risk through a diversified portfolio and the use of an investment manager in accordance with its investment policy.
GENERAL INDEX OF FINANCIAL INFORMATION – GIFI Name of corporation Business Number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 Assets – lines 1000 to 2599 1000 40,070,187 1060 60,494,858 1180 120,000,000 1480 1,13...
AI summary The document presents the General Index of Financial Information (GIFI) for EfficiencyOne, detailing its financial data including assets, liabilities, shareholder equity, and retained earnings for the tax year ending December 31, 2023.
Capital Cost Allowance (CCA) Corporation's name Business number Tax year-end Year Month Day 1 17 18 19 20 21 22 23 24
AI summary The text provides a table header and row for a Capital Cost Allowance (CCA) section, which includes corporation names, business numbers, and tax year-end dates. However, no substantive content or discussion is provided in the text.
Compilation Engagement Report Grant Thornton LLP Nova Centre, North Tower Suite 1000, 1675 Grafton Street Halifax, NS B3J 0E9 T +1 902 421 1734 F +1 902 420 1068 www.GrantThornton.ca To the Board of Directors of EfficiencyOne Services Inc....
AI summary This document is a compilation engagement report by Grant Thornton LLP for EfficiencyOne Services Inc., which includes the balance sheet, statements of income and retained earnings, and Note 2. The report clarifies that the compilation was performed in accordance with Canadian standards and does not provide an audit or review opinion.
E-2Financial Statements - Refiled - Redacted
28 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 presents the financial statements and independent auditors' report for the period ending December 31, 2023. It includes key financial statements such as the consolidated statement of operations, changes in fund balances, financial position, and cash flows, along with notes to the financial statements.
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS) REVENUES Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 Efficiency Nova Scotia (Note 3) $ 44,503 $ 37,108 $ - 81,611 $ $ 78...
AI summary The document presents consolidated financial statements for Efficiency Nova Scotia, including revenues and costs for the year ended December 31, 2023, and changes in fund balances. Revenues include contributions from the Demand-Side Management Fund, Provincial Fund, and other business funds, while costs include incentives, program support, and administrative expenses.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2023 (IN THOUSANDS) Demand-Side Management Provincial Other Business Fund Fund Fund 2023 2022 ASSETS CURRENT Cash $ 16,875 $ 23,189 $ 2,662 $ 42,726 $ 51,216 Accounts receivab...
AI summary The consolidated statement of financial position as of December 31, 2023, details the financial status of various funds, including the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. It outlines current assets, investments, capital assets, liabilities, and fund balances, providing a comprehensive overview of financial positions for 2023 and 2022.
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS) Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 CASH PROVIDED BY (USED FOR): OPERATING Total surplus (deficit) $ - $ - $ 3 $...
AI summary The consolidated statement of cash flows for 2023 shows cash flows from operating, financing, and investing activities across the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. Key items include changes in working capital, loan repayments, and investment activities.
Cash The Corporation recognizes 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 manages its cash and short-term interest-bearing deposits in accordance with its investment policy, focusing on liquidity and cash needs.
During the year, the Corporation recognized $348 in revenue from HCi3 (2022 - $658) and $196 from other sources (2022 - $3,969). Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 Fee-for-service revenue Other revenu...
AI summary The Corporation reported revenue of $348 from HCi3 and $196 from other sources in the current year, a decrease from $658 and $3,969 in 2022. A table shows revenue from the Demand-Side Management Fund, Provincial Fund, and Other Business Fund, with figures for 2023 and 2022.
4. INVESTMENTS (continued) 2023 2022 Investment distributions $ 521 $ 407 Realized loss on sale of investments (22) (4) Investment management fees (54) (53) Change in fair market value 1,184 (1,286) Total investment income 1,629 (936) Stab...
AI summary The document provides a summary of investment-related financial figures for 2023 and 2022, including investment distributions, realized losses, management fees, and changes in fair market value. It also explains the Stabilization allocation, which is a reserve used to fund eligible expenses when investment proceeds fall short of expectations.
RESULTS OF OPERATIONS 2023 2022 Revenue $ 7 $ 4 Expenses (including a provision for (recovery of) income tax) 4 6 Net Earnings (Loss) $ 3 $ (2) CASH FLOW 2023 2022 Operating $ 4 $ 1 Change in Cash 4 1 Cash - beginning of period 145 144 Cas...
AI summary The document provides financial results for 2023 and 2022, showing revenue and expenses, net earnings, and cash flow. It also notes the Corporation's provision of services to EfficiencyOne Services Inc. on a fully allocated cost basis.
9. DEFERRED REVENUE Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 Opening $ 3,642 $ 102,359 $ 1,973 $ 107,974 $ 63,416 Recognition of prior years' deferred revenue - (30,837) (229) (31,066) (26,723) Recognition...
AI summary This section discusses deferred revenue across different funds, including the Demand-Side Management Fund, Provincial Fund, and Other Business Fund, with figures for 2023 and 2022. It includes details on opening balances, recognition of prior years' deferred revenue, deferral of current year revenue, and the current portion of deferred revenue.
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 of accounts receivable is low due to the majority of receivables being from NS Power, a regulated public utility required to fund 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. 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, but its short-term interest-bearing deposits are not significantly affected due to their short-term nature. The Corporation's cash earns interest at the market rate and is held with a Canadian bank.
REDACTED Eπiciency 2024-04-1 One (20231231).223 5 15:02 2023-12-31 Atta chment 3 80494 7976 RC0001 l esser of f amounts 9B and 9H from Part 9 of Schedule 27 R
AI summary The text contains a redacted table with information related to a proceeding, including dates, attachment numbers, and references to Schedule 27, Part 9, amounts 9B and 9H. The content appears to be part of a regulatory or financial filing, though specific details are obscured.
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 a balance sheet summary for EfficiencyOne for the tax year ending December 31, 2023, including details on assets, liabilities, and shareholder equity. It outlines current and prior year figures for various financial accounts.
GENERAL INDEX OF FINANCIAL INFORMATION - GIFI Form identifier 125 Form identifier 125 Corporation's name Business number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 Description GIFI Operating name 0001 0002 0003...
AI summary The document provides 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, 2023. This information is presented in a structured format with account numbers and descriptions.
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), including details about EfficiencyOne, its business number, and its tax year-end date of December 31, 2023.
Investment income earned on the HCi3 endowments and available for expenditure is allocated to the Other Business Fund, as determined by externally imposed Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7...
AI summary The document discusses the allocation of investment income from the HCi3 endowments to the Other Business Fund, as determined by external factors. It includes a table with financial information related to EfficiencyOne and notes to the financial statements.
$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.
2030 316 13. RISK MANAGEMENT 2029 316 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 Corpo...
AI summary The document outlines the risks associated with the Corporation's financial instruments, including credit, liquidity, and market risks, and lists exposure areas such as cash, accounts receivable, accounts payable, and accrued liabilities. The Corporation is identified as EfficiencyOne with specific business and tax details provided.
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 is exposed to other price risk due to changes in market prices affecting the fair value of its investments, particularly pooled funds. This risk is managed through diversification and the use of an investment manager in accordance with the Corporation's investment policy.
GENERAL INDEX OF FINANCIAL INFORMATION – GIFI Name of corporation Business Number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 Assets – lines 1000 to 2599 1000 40,070,187 1060 60,494,858 1180 120,000,000 1480 1,13...
AI summary The document provides a General Index of Financial Information (GIFI) for EfficiencyOne, including financial details such as assets, liabilities, shareholder equity, and retained earnings for the tax year ending December 31, 2023. It includes various line items and amounts related to financial reporting.
Capital Cost Allowance (CCA) Corporation's name Business number Tax year-end Year Month Day Class number Description Proceeds of dispositions of the DIEP (enter amount from column 8 that relates to the DIEP reported in column 4) UCC (colum...
AI summary The text presents a table detailing Capital Cost Allowance (CCA) information for various classes of assets, including furniture, computer hardware, and leasehold improvements, with columns showing proceeds, UCC, and other financial details related to tax years and business numbers.
Compilation Engagement Report Grant Thornton LLP Nova Centre, North Tower Suite 1000, 1675 Grafton Street Halifax, NS B3J 0E9 T +1 902 421 1734 F +1 902 420 1068 www.GrantThornton.ca To the Board of Directors of EfficiencyOne Services Inc....
AI summary This document is a compilation engagement report by Grant Thornton LLP for EfficiencyOne Services Inc., prepared in accordance with Canadian Standard on Related Services (CSRS) 4200. It includes the balance sheet, income statement, and retained earnings for the year ended December 31, 2023, and Note 2, which explains the basis of accounting. The report does not provide an audit or review opinion, and users are cautioned that the financial information may not be suitable for their purposes.
CONSOLIDATED STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 2023 Operating Fund Endowment Fund Stabilization Fund 2023 2022 REVENUES Contributions (Note 3) $ 347,971 $ - $ - $ 347,971 $ 657,550 Interes...
AI summary This consolidated financial statement presents the operating, endowment, and stabilization fund balances for the year ended December 31, 2023. It includes revenues, program and administrative costs, and changes in fund balances. The endowment fund balance increased significantly, while operating and stabilization funds showed minimal changes.
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2023 Operating Fund Endowment Fund Stabilization Fund 2023 2022 CASH PROVIDED BY (USED FOR): OPERATING Total Surplus $ - $ - $ - $ - $ - Changes in non-cash working capit...
AI summary The consolidated statement of cash flows for the year ended December 31, 2023, outlines cash flows from operating, financing, and investing activities across the Operating Fund, Endowment Fund, and Stabilization Fund. Key items include changes in working capital, endowment contributions, and investment-related transactions.
Cash The Organization discloses bank balances and interest-bearing deposits with a maturity period of three months or less from the date of acquisition under cash. The Organization manages its cash according to its cash needs, in accordanc...
AI summary The Organization discloses short-term cash and interest-bearing deposits and manages its cash in line with its investment policy.
4. INVESTMENT INCOME Investment income is earned on endowments and consists of distributions from 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 fa...
AI summary The text discusses investment income earned from endowments, including distributions from pooled fund investments, interest on cash deposits, and unrealized gains or losses. A portion of this income, 5% of annual operating expenditures, is allocated to the Stabilization Fund as deferred revenue.
The total investment income earned during the year and its allocation is summarized below: 2023 2022 Investment distributions $ 521,176 $ 406,629 Realized loss on sale of investments (21,691) (4,176) Investment management fees (54,094) (52...
AI summary The document summarizes investment income and its allocation for 2023 and 2022, including investment distributions, realized losses, management fees, and changes in fund balances. It highlights the stabilization reserve and operating fund deferrals.