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CORPORATION OF THE COUNTY OF ESSEX
<br /> CONSOLIDATED STATEMENT OF FINANCIAL POSITION
<br /> DECEMBER 31, 2012, WITH COMPARATIVE FIGURES FOR 2011
<br /> 2012 2011
<br /> Financial Assets
<br /> Cash 72,665,410 56,462,155
<br /> Accounts receivable 10,627,420 10,180,492
<br /> Investments 21,119,067 20,189,794
<br /> Total Financial Assets 104,411,897 86,832,441
<br /> Liabilities
<br /> Accounts payable and accrued liabilities 14,394,011 13,358,387
<br /> Regional landfill post closure costs (Note 5) 2,048,285 2,135,457
<br /> Employee benefits payable (Note 6) 7,047,299 6,696,289
<br /> Long-term debt (Note 7) 35,069,832 35,685,783
<br /> Total Liabilities 58,559,427 57,875,916
<br /> Net Financial Assets 45,852,470 28,956,525
<br /> Non-Financial Assets
<br /> Tangible capital assets (Note 8) 135,500,326 136,048,590
<br /> Inventory of supplies 683,927 1,156,713
<br /> Prepaid expenses 450,277 480,209
<br /> Total Non-Financial Assets 136,634,530 137,685,512
<br /> Commitments and contingency (Notes 2, 11 and 14)
<br /> Accumulated Surplus (Note 9) 182,487,000 166,642,037
<br /> The accompanying notes are an integral part of these consolidated financial statements.
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