 Q2 Report 2001
|
|
Consolidated Balance Sheet
| |
 |
June 30, 2001 |
|
June 30, 2000 |
December 31, 2000 |
| (in thousands of Canadian dollars) |
|
(unaudited) |
|
(unaudited) |
(audited) |
|
|
ASSETS
Current Assets
|
|
|
|
|
|
|
| Accounts receivable |
$ |
8,993 |
$ |
5,412 |
$ |
6,520 |
| Due from related parties |
|
25 |
|
22 |
|
19 |
| Inventory |
|
475 |
|
541 |
|
549 |
| Work-in-progress |
|
4,720 |
|
4,569 |
|
4,575 |
| Prepaid expenses |
|
875 |
|
911 |
|
823 |
| Other |
|
35 |
|
79 |
|
54 |
|
| Total current assets |
|
15,123 |
|
11,534 |
|
12,540 |
| |
|
|
|
|
|
|
| Customer contracts |
|
2,859 |
|
3,820 |
|
3,334 |
| Capital assets |
|
4,630 |
|
5,418 |
|
5,005 |
| Future income taxes |
|
- |
|
598 |
|
- |
|
| |
$ |
22,612 |
$ |
21,370 |
$ |
20,879 |
|
LIABILITIES
Current Liabilities |
|
|
|
|
|
|
| Bank indebtedness |
$ |
1,506 |
$ |
1,890 |
$ |
1,892 |
| Accounts payable and accrued liabilities |
|
7,953 |
|
11,344 |
|
8,608 |
| Due to related parties |
|
124 |
|
463 |
|
495 |
| Future income taxes |
|
990 |
|
710 |
|
342 |
| Current portion of long-term debt |
|
342 |
|
359 |
|
417 |
|
| Total current liabilities |
|
10,915 |
|
14,766 |
|
11,754 |
| |
|
|
|
|
|
|
| Long-term debt |
|
5,141 |
|
5,368 |
|
5,245 |
| Government assistance |
|
- |
|
92 |
|
41 |
| Due to related parties |
|
500 |
|
- |
|
- |
| Future income taxes |
|
45 |
|
- |
|
45 |
|
| Total liabilities |
|
16,601 |
|
20,226 |
|
17,085 |
| |
|
|
|
|
|
|
| SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
| Share capital |
|
3,925 |
|
1,748 |
|
3,925 |
| Warrants |
|
450 |
|
2,356 |
|
450 |
| Retained earnings (deficit) |
|
1,636 |
|
(2,960) |
|
(581) |
|
| Total shareholders' equity |
|
6,011 |
|
1,144 |
|
3,794 |
|
| |
$ |
22,612 |
$ |
21,370 |
$ |
20,879 |
|
|
