CONSOLIDATED STATEMENT OF FINANCIAL POSITION

2008 2007
As at March 31$$
[in thousands of Canadian dollars]
Assets
Current
Cash and cash equivalents 52,340 12,668
Accounts receivable, net 34,777 36,040
Inventory [note 3] 4,733 4,701
Prepaid expenses 5,109 4,240
Short-term investments [note 5[a]] 55,122 52,590
Total current assets 152,081   110,239
Deferred expenses, net —  287
Capital assets, net [note 4] 38,267 33,711
Investment in joint venture [note 5[b]] — 155
Accrued pension benefit asset [note 10] 46,765 38,724
Intangible assets, net and goodwill [note 6] — 3,834
237,113 186,950
Liabilities and net assets
Current
Accounts payable and accrued liabilities 27,537 27,623
Deferred revenue 24,423 23,617
Customer deposits 14,368 13,231
Total Current Liabilities 66,328 64,471
Accrued other retirement and post-employment
   benefit liability [note 10]		 26,335 22,370
Loan payable [note 7] — 466
Lease inducement obligation 222 1,433
Total Liabilities 92,885 88,740
Contingencies and commitments [notes 9 and 11]
Net Assets
Invested in capital assets 38,267 33,711
Internally restricted for specific purposes 92,331 58,124
Unrestricted 13,630 6,375
Total net assets 144,228 98,210
237,113 186,950
See accompanying notes

On behalf of the Board:


 
Julia Hill
Chair of the Board
  Robert A. Cook
Chair of the Finance & Audit Committee