George Gordon First Nation

 

Administration

Annual Audit

Consolidated Statement of Financial Position

Financial Position:

  • As of March 31st, 2013, the total financial assets = $3,974,413.00 compared to March 31, 2012 of $2,759,723 which means intangible assets have increased by $1,285,368
  • As of March 31st, 2013, the total net debt = $-4,522,683.00 compared to March 31, 2012 of $-5,410,965 which means net debt (total financial assets – total financial liabilities) has decreased by $888,282
  • As of March 31st, 2013, total non-financial assets = $15,433,695.00 compared to March 31, 2012 of $14,892,323 which means the value of physicals assets (housing, buildings, roads, equipment, vehicles, purchased land, etc.) have increased by $541,372
  • As of March 31, 2013, the Accumulated Surplus = $10,911,012 compared to March 31, 2012 of $9,481, 358 which means the accumulated surplus (consisting of operating fund, capital asset, commercial and internally restricted funds, cmhc reserves, trust funds, moveable asset reserve) has increased by $1,429,358

Source: George Gordon First Nation Consolidated Financial Statements March 31, 2013.