Auditors' Report Financial Position Net Assets Operations Cash Flows Notes

Consolidated Statement of Financial Position 2005 2004 As at March 31 $ $ [in thousands of Canadian dollars] ASSETS Current Cash 12,388 14,596 Short-term investments [note 5(a)] 5,401 – Accounts receivable, net 33,213 28,934 Inventory [note 3] 3,874 3,608 Prepaid expenses 3,499 4,210 58,375 51,348 Deferred expenses, net 4,034 5,361 Property, plant and equipment, net [note 4] 33,343 33,509 Long-term investments [note 5(b)] 32,119 41,481 Accrued pension benefit asset [note 9] 26,822 23,115 Intangible assets and goodwill, net [note 6] 4,034 – 158,727 154,814 LIABILITIES AND NET ASSETS Current Accounts payable and accrued liabilities 28,518 31,254 Deferred revenue 19,622 18,234 Customer deposits 12,456 12,223 60,596 61,711 Accrued other retirement and post-employment     benefit liability [note 9] 14,027 10,423 74,623 72,134 Contingencies and commitments [notes 8 and 10] Net Assets Invested in property, plant and equipment 33,343 33,509 Internally restricted for specific purposes 47,379 45,797 Unrestricted 3,382 3,374 Total Net Assets 84,104 82,680 158,727 154,814 See accompanying notes On behalf of the Board: Douglas G. Hatch Douglas V. Baldwin Chair of the Board Chair of the Audit Committee © Copyright 2005 Canadian Standards Association. All rights reserved.