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Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2020 and 2019 balance sheets and income statements follow.
Alberta Playground Inc. Balance Sheet ($000) Years Ended March 31
2020
2019
Assets
Current assets
Cash and cash equivalents
$ 79,391
$ 56,719
Receivables
462,707
368,969
Inventories
666,944
571,504
Prepaid expenses and other assets
51,510
30,064
Non-strategic investment
28,123
380
Other current assets
33,493
28,812
Total current assets
$1,322,168
$1,056,448
Portfolio investment
0
41,343
Property, Plant, & Equipment
1,103,150
1,114,756
Goodwill
855,430
724,295
Trademarks and other intangibles
344,738
322,313
Other assets
141,043
96,516
Total assets
$3,766,529
$3,355,671
Liabilities
Current liabilities
Bank loans
$ 172,489
$ 63,472
Accounts payable and accrued liabilities
576,629
473,956
Income taxes payable
200,538
151,277
Current portion of long term debt
28,579
9,019
Total current liabilities
$ 978,235
$ 697,724
Total current liabilities Non-Current Liabilities
Long-term debt
382,280
384,590
Other liabilities
190,883
155,269
Total liabilities
$1,551,398
$1,237,583
Equity
Common shares
$ 636,675
$ 603,749
Retained earnings
1,578,456
1,514,339
Total equity
$2,215,131
$2,118,088
Total liabilities and equity
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