Financials
| Assets | ||
| Current Assets | 2021 | 2020 |
| (in thousands of dollars) | $ | $ |
| Cash | 64,609 | 134,824 |
| Investments | 244,594 | 219,608 |
| Restricted cash for externally restricted purposes | 5,852 | 6,266 |
| Accounts receivable | 87,002 | 62,318 |
| Grants receivable | 81,228 | 68,292 |
| Loans receivable | 50,190 | 12,029 |
| Prepaid expenses, deposits and other assets | 14,270 | 14,781 |
| 547,745 | 518,118 | |
| Loans receivable | 26,496 | 59,947 |
| Grants receivable | 10,270 | 11,250 |
| Investments in joint ventures | 11,814 | 13,234 |
| Receivable from the City of Toronto | 18,325 | 19,325 |
| Housing projects acquired or developed | 1,684,434 | 1,694,018 |
| Improvements to housing projects | 2,183,376 | 2,003,447 |
| Assets held – for – sale or transfer | 6,135 | 2,790 |
| Prepaid lease | 690 | 745 |
| Total Assets | 4,489,285 | 4,322,874 |
| Liabilities | ||
| Current Liabilities | 2021 | 2020 |
| (in thousands of dollars) | $ | $ |
| Bank loan and bank indebtedness | 42,700 | - |
| Accounts payable and accrued liabilities | 206,598 | 230,737 |
| Tenants deposits and rents received in advance | 17,673 | 17,577 |
| Deferred revenue | 24,032 | 18,643 |
| Project financing and debenture loans | 60,478 | 82,448 |
| 351,481 | 349,405 | |
| Deferred revenue on long-term leases | 24,853 | 1,670 |
| Deferred revenue on land sale | 17,358 | 16,728 |
| Employee benefits | 84,921 | 82,398 |
| Project financing and debentures loans | 1,767,092 | 1,736,011 |
| Deferred capital contributions | 1,242,998 | 1,062,088 |
| Total Liabilities | 3,488,703 | 3,248,300 |
| Accumulated Surplus | ||
| Share capital | ||
| Authorized and issued 100 common shares | 1 | 1 |
| Internally restricted funds | 268,470 | 245,884 |
| Contributed surplus | 5,136 | 5,136 |
| Unrestricted surplus | 726,975 | 823,553 |
| Total Net Assets | 1,000,582 | 1,074,574 |
| 4,489,285 | 4,322,874 | |
| Revenue | ||
| 2021 | 2020 | |
| (in thousands of dollars) | $ | $ |
| Subsidies | 246,392 | 244,960 |
| Rent | ||
| Residential | 339,500 | 349,431 |
| Commercial | 18,311 | 16,949 |
| Amortization of deferred capital contributions | 68,862 | 59,849 |
| Parking, laundry and cable fees | 18,447 | 18,489 |
| Investment income | 9,107 | 9,308 |
| Joint venture income (loss) | 915 | 4,371 |
| Safe Restart program | 34,182 | 9,877 |
| Gain on sale of housing projects and other capital assets | 5,549 | 29,951 |
| Capital asset replacement reserve | - | 61,518 |
| Plant and other revenue | 5,917 | 7,840 |
| 747,182 | 812,543 | |
| Expenses | ||
| Operating and maintenance | 255,064 | 248,785 |
| Utilities | 130,582 | 129,404 |
| Municipal taxes | 18,917 | 19,339 |
| Depreciation | 233,273 | 213,356 |
| Interest | 75,539 | 78,410 |
| Community safety services | 36,383 | 35,086 |
| Corporate services | 66,200 | 61,421 |
| Plant and other expenses | 12,762 | 9,636 |
| Excess (deficiency) of revenue over expenses | (81,538) | 17,106 |
Built with Shorthand