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Ontario Innovation Trust

Financial Statements Highlights - 2000
Non-Consolidated Balance Sheet as at March 31, 2000
ASSETS
Current assets
     Cash
$ 43,024
     Accrued interest receivable
427,400
     Prepaid expenses
5,560
     Short-term investments
257,747,750
258,223,734
Capital assets
90,948
$ 258,314,682
LIABILITIES AND CAPITAL
Current liabilities - accounts payable and accrued liabilities
$ 57,789
Capital
     Invested in capital assets
90,948
     Restricted for approved grants
158,337,444
     Unrestricted
99,828,501
258,256,893
$ 258,314,682
Non-Consolidated Statement of Operations and Capital
Year Ended March 31, 2000
Revenue
     Interest income
$ 11,236,021
11,236,021
Expenses
     Investment custody services
185,400
     Consulting and management services
117,122
     Salaries and benefits
84,602
     Professional fees
36,587
     Office and general
20,550
     Travel
7,674
     Rent
4,855
     Amortization
2,338
459,128
Excess of revenue over expenses
10,776,893
Sponsor contribution from the Government of Ontario,
Ministry of Energy, Science and Technology
250,000,000
Eligible project disbursements
(2,520,000)
Capital, end of year
$ 258,256,893
Non-Consolidated Statement of Changes in Capital
Year Ended March 31, 2000
Invested in
Capital Assets
Restricted for
Approved Grants
Unrestricted
Total
Sponsor contribution
-
-
250,000,000
250,000,000
Excess of revenue
over expenses
(63,964)
-
10,779,231
10,776,893
Purchase of
capital assets
93,286
-
(93,286)
-
Grants approved
-
160,857,444
(160,857,444)
Eligible project
disbursements
-
(2,520,000)
-
(2,520,000)
Capital, end of year
$ 90,948
158,337,444
99,828,501
$ 258,256,893
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