Page 12 - DCB 2019 Annual Report

DIVER CERTIFICATION BOARD OF CANADA

2019 Annual Report
2018 A

2018 Annual Report nnual Report

STATEMENT OF FINANCIAL POSITION
2018 Annual Report

DECEMBER 31 2017 2016
Table of Contents able of Contents
T Table of Contents
Table of Contents
Who We Are
Who We Are We Are
Who
ASSETS DIVER CERTIFICATION BOARD OF CANADA 3
3 3
DIVER CERTIFICATION BOARD OF CANADA
Who We Are
NOTES TO FINANCIAL STATEMENTS 3 3
International Recognition

3 3
CURRENT ASSETS STATEMENT OF FINANCIAL POSITION
International Recognition
Our Vision
Cash DECEMBER 31, 2019 $ 279,833 $ 320,506 3 3
Our
3 3
Our Vision Vision
Accounts receivable 66,664 2018 3 3 2017
41,949
Our Vision
Our Mission
DECEMBER 31
3 3
Our Mission Mission
Our
HST receivable 12,398 6,963
Our Mission
Prepaid expenses Our Board of Directors 11,320 28,460 3 3
Our Board of Directors Board of Directors
3 3
Our
Inventory e) Donated services 20,780 7,875 3
Our Board of Directors
ASSETS
What We Do 4
What We Do We Do
What
4 4
The organization benefits greatly from donated materials and services in the form of volunteer time.
405,753
$
$
390,995
What We Do
4
Message from the Chairman
5
M
Message from the Chairman essage from the Chairman
5 5
CURRENT ASSETS
The value of donated materials and services is not recognized in these financial statements.
Message from the Chairman
M Cash
Message from the CEO essage from the CEO
LIABILITIES Message from the CEO $ 217,067 6 6 $ 6 5 279,833
Accounts receivable
f) Use of estimates 77,756 7 6 66,664
Message from the CEO
Auditor’s Report
Au
Auditor’s Report ditor’s Report
HST receivable
CURRENT LIABILITIES 11,760 7 7 12,398
Auditor’s Report
7
11,320
Fi Prepaid expenses
Financial Statements
The preparation of financial statements in conformity with Canadian ASNPO requires m 8
Financial Statements nancial Statements
10,488
Accounts payable and accrued liabilities $ 10,058 $ 2,165 8 8 anagement
Deferred revenue Inventory 25,714 8,841 8 20,780
19,896 and liabilities and
to make estimates and assumptions that affect the reported amounts of assets
Financial Statements
N Notes to Financial Statements
11
11
Notes to Financial Statements otes to Financial Statements
Payroll source deductions 5,409 $ 317,589 11 390,995
4,624 and the reported
disclosure of contingent assets and liabilities at the date of financial statements
$
11
Notes to Financial Statements
15
2021 Canadian Underwater Conference and Exhibition
amounts of revenues and expenses during the reporting period. These estimates are reviewed
15

15
41,181
35,008
periodically and adjustments are made to income as appropriate in the year they become known.
2020 Canadian Underwater Conference and Exhibition

15
LIABILITIES

Cover Photos: Left - CDI Barge Right - DIT Chamber
g) Inventory
CURRENT LIABILITIES
COMMITMENTS (Note 6)
Accounts payable and accrued liabilities
6,211
$
$
10,059
Inventories consists of log book are stated at the lower of cost or net realizable value on a on a first
Deferred revenue
NET ASSETS in first out basis 4,488 - 25,714
Payroll source deductions
5,409
10,699 41,182
UNRESTRICTED 349,814 370,745
3. GOING CONCERN
The financial statements $ 390,995 $ 405,753
COMMITMENTS (Note 6) have been prepared in accordance with Canadian ASNPO on a going
concern basis. Under the going concern assumption, a organization is viewed as being able to realize
NET ASSETS
its assets and discharge its liabilities in the normal course of operations.
UNRESTRICTED
4. FINANCIAL INSTRUMENTS
Approved by the Directors: 306,890 349,813
The Association initially measures its financial assets and financial liabilities at fair value. It
Director
317,589
$
subsequently measures all its financial assets and financial liabilities at amortized cost. $ 390,995
Director
Financial assets subsequently measured at amortized cost include cash, accounts receivable, HST
receivble and inventory. Financial liabilities measured at amortized cost include accounts payable
and accrued liabilities, and payroll source deductions
Approved by the Directors:
Director
Director
Director
Director
Photo courtesy of CDA-Technical Institute
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