Canadian Precast/Prestressed Concrete Institute FINANCIAL STATEMENT PRESENTATION March 31, 2014

The Audit Process : The financial statements are the responsibility of the institute’s management Management is also responsible for internal controls necessary to enable financial statements are free from material misstatement, whether due to fraud or error We conduct our audit in accordance with Canadian generally accepted auditing standards Our objective is to obtain reasonable assurance that the financial statements are free of material misstatement We assess the risk of material misstatement in the financial statements, then choose procedures to gather appropriate evidence to obtain reasonable assurance that financial statements are fairly presented. Materiality based on range of 1% to 2% of gross expenses - $18,000 We also evaluate appropriateness of accounting policies, management estimates and overall financial statement presentation

The Auditors’ Report Gives our final opinion: The financial statements are fairly presented in all material respects and in accordance with Canadian Accounting Standards for Not-for-Profit organizations.

Canadian Precast/Prestressed Concrete Institute

Statement of Financial Position March Assets Current Cash $ 78,813 $ 48,227 Term deposits 505, ,971 Accounts receivable 52,324 29,846 Prepaid expense 1,532 11,424 Inventory 21,252 45, , ,024 Tangible capital assets 2,824 4,414 $662,716 $637,438

Canadian Precast/Prestressed Concrete Institute Statement of Financial Position March Liabilities and Net Assets Current Accounts payable and accrued liabilities $ 30,805$ 23,424 Government remittances payable14,68719,530 Deferred contributions 53,57081,752 99, ,706 Net assets Invested in capital assets 2,8244,414 From Institute operations319,784247,570 From Publishing operations241, , ,654512,732 $662,716$637,438

Canadian Precast/Prestressed Concrete Institute Year Ended March 31, 2014

Canadian Precast/Prestressed Concrete Institute Revenues – Five Year Comparison

Canadian Prestressed/Precast Concrete Institute Expenses – Five Year Comparison

Canadian Precast/Prestressed Concrete Institute Year Ended March 31, 2014

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