2014-2015 Enactus Canada Annual Report

Proximity Technologies Ltd.

Canada’s largest student job network

SUMMARY BALANCE SHEET ASSETS CURRENT ASSETS Cash

$318,270

Short Term Deposits

$301,022

Accounts Receivable

$142,398

Prepaid Expenses

$32,984 $794,674

Long term deposits Prepaid Expenses Capital Assets

$11,284 $5,373 $10,063

$821,394 LIABILITIES Accounts Payable and Accrued Liabilities

$236,747

Deferred Revenue

$102,700 $339,447

NET ASSETS (UNRESTRICTED)

$481,947

$821,394

SUMMARY STATEMENT OF ACTIVITIES REVENUES Corporate

$1,259,589

Foundation

$383,528

Individuals

$130,750

Government Administration Fees and Other

TOTAL

$31,846 $16,913

$1,822,626

EXPENSES Program Operations and Administration Development

TOTAL Operating Surplus

$1,286,440 $281,005 $170,329

$1,737,774 $84,852

Net Assets at Beginning of Year

$397,095

NET ASSETS AT END OF YEAR

$481,947