AR 2001 Layout_Final - Royal Ontario Museum
AR 2001 Layout_Final - Royal Ontario Museum
AR 2001 Layout_Final - Royal Ontario Museum
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<strong>Royal</strong> <strong>Ontario</strong> <strong>Museum</strong><br />
(Incorporated by Special Act of the <strong>Ontario</strong> Legislature as a corporation without share capital)<br />
Balance Sheet as at June 30<br />
2002 <strong>2001</strong><br />
(in thousands of dollars)<br />
ASSETS<br />
Current<br />
Cash and short-term investments (note 4) 1,237 5<br />
Due from The <strong>Royal</strong> <strong>Ontario</strong> <strong>Museum</strong> Foundation (note 13) 3,415 1,265<br />
Other accounts receivable 1,224 1,361<br />
Inventories 455 526<br />
Deferred exhibition costs and other assets 1,447 833<br />
Total current assets 7,778 3,990<br />
Investments (note 4) 481 1,812<br />
Deferred pension costs (note 14) 3,155 3,236<br />
Capital assets, net (note 5) 45,147 53,153<br />
Other assets 279 298<br />
56,840 62,489<br />
LIABILITIES AND NET ASSETS<br />
Current<br />
Accounts payable and accrued liabilities (note 14) 4,969 4,264<br />
Deferred revenue (note 7) 5,769 4,695<br />
Total current liabilities 10,738 8,959<br />
Deferred capital contributions (note 8) 44,765 53,522<br />
Net assets (note 9) 1,337 8<br />
56,840 62,489<br />
(See accompanying notes)<br />
On behalf of the Board:<br />
Jack Cockwell, Trustee<br />
Harriet Walker, Trustee<br />
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