Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32May 31 2015 22 AUDITED FINANCIAL STATEMENTS The accompanying notes are an integral part of these ļ¬nancial statements. 3 p i h s d r a w e t S c i n o r t c e l E o i r a t n O t e e h S e c n a l a B 5 1 0 2 1 3 r e b m e c e D 2014 Assets Current Cash $ 16,544,889 $ 5,296,662 Investments (Note 2) 15,299,954 15,137,158 Accounts receivable 12,909,134 19,641,828 Prepaid expenses 28,940 19,221 44,782,917 40,094,869 Capital assets (Note 3) 85,177 224,719 $ 44,868,094 $ 40,319,588 Liabilities and Net Assets Current Accounts payable and accrued liabilities (Note 4) $ 9,235,179 $ 8,881,232 Net Assets Invested in capital assets 85,177 224,719 Contingency reserve (Note 5) 35,547,738 31,213,637 35,632,915 31,438,356 $ 44,868,094 $ 40,319,588 On behalf of the Board: r o t c e r i D