Consolidated Statement of Financial Position

	2007		2006
As at March 31	$		$
[in thousands of Canadian dollars]
Assets
Current
Cash and cash equivalents	12,668		12,057
Accounts receivable, net	36,041		32,666
Inventory [note 3]	4,701		4,389
Prepaid expenses	4,239		3,685
	57,649		52,797
Deferred expenses, net	287		2,082
Capital assets, net [note 4]	33,711		32,497
Investment in joint venture [note 5[a]]	155		–
Long-term investments [note 5[b]]	52,590		46,409
Accrued pension benefit asset [note 10]	38,724		32,575
Intangible assets net, and goodwill [note 6]	3,834		3,935
	186,950		170,295
Liabilities and net assets
Current
Accounts payable and accrued liabilities	27,623		27,275
Deferred revenue	23,617		21,195
Customer deposits	13,231		12,644
	64,471		61,114
Accrued other retirement and post-employment     benefit liability [note 10]	22,370		17,716
Loan payable [note 7]	466		530
Lease inducement	1,433		1,541
	88,740		80,901
Contingencies and commitments [notes 9 and 11]
Net Assets
Invested in capital assets	33,711		32,497
Internally restricted for specific purposes	58,124		51,633
Unrestricted	6,375		5,264
Total net assets	98,210		89,394
	186,950		170,295
See accompanying notes

On behalf of the Board:	Daniel Gagnier		John Cowen
	Chair of the Board		Chair of the Finance & Audit Committee