Page 45 - Demo
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Statement of Operations
Year Ended March 31, 2023
(in thousands)
Revenues
Government transfers Government of Alberta grants
Other revenue
Expenses (Note 2(b) and Schedule 1)
Operating costs
Annual operating surplus
Net investment (loss) income (Note 7)
Investment income
Investment operational expense Interest expense
Foreign exchange loss
Annual operating surplus (deficit)
Accumulated Surplus, Beginning of Year Accumulated Surplus, End of Year
The accompanying notes and schedules are part of these financial statements.
$
2022
Actual
50,000 –
50,000 2,020 47,980
10,226 (5,537) (17)
4,672 (71)
52,581
239,123 291,704
2023
Budget (Note 4)
Actual
$–
$ 50,000
–
1,353
–
51,353
3,050
2,634
(3,050)
48,719
–
1,395
–
(6,201)
–
(73)
–
(4,879)
–
(6)
(3,050)
43,834
291,704
$ 335,538
$
Approved by the Board of Directors
[Original Signed by Ted Redmond] Ted Redmond
Chair of the Board of Directors June 2, 2023
2022 2023
[Original Signed by Sharilee Fossum] Sharilee Fossum
Audit Committee Chair
June 2, 2023
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