Statements of
Financial Position
2012
2011
$ 245,063
$ 63,364
295,574
389,153
19,340
42,662
208,905
62,888
768,882
558,067
175,241
150,184
$ 944,123
$ 708,251
$ 146,426
$ 112,028
Accounts payable and accrued liabilities
248,698
115,641
Deferred revenues
395,124
227,669
123,889
101,164
519,013
328,833
425,110
379,418
$ 944,123
$ 708,251
2012
Total
2011
Total
$ 379,418
$ 356,256
45,692
23,162
$ 425,110
$ 379,418
ASSETS
Current
Cash
Accounts receivable
Prepaid expenses and sundry assets
Due from related company
Capital - at cost less accumulated amortization
Liabilities
Current
Long-term
Deferred capital contributions
NET ASSETS
Unrestricted net assets
Balance Beginning of year
Excess of revenues over expenses
Balance End of year
30
TakingITGlobal Annual Report 2012
