CONSOLIDATED STATEMENT OF FINANCIAL POSITION  41  Consolidated Financial Statements  Director (signed)  “Jack C. Lee” Director (signed)  “Mary Ritchie” On behalf of the Board:  Commitments and contingencies 12  Subsequent events  13  Annual Report  2013  December 31  December 31  Note  2013  2012  Assets  Cash and cash equivalents  $8,998,342  $3,638,255  Prepayments  125,543  182,811  Trade and other receivables  955,831  899,529  Foreign exchange contracts  4  -  18,113  Promissory note receivable  5  8,500,000  2,500,000  Current Assets  18,579,716  7,238,708  Promissory note receivable  6,915,000  1,250,000  Equipment  5  59,825  59,881  Intangible assets  5  6,479,265  6,570,201  Preferred LP and LLC Units  5  433,988,295  298,226,402  Investment tax credit receivable  6  10,922,393  10,922,393  Deferred income taxes  6  3,785,015  8,673,125  Non-current assets  462,149,793  325,702,002  Total Assets  $480,729,509  $332,940,710  Liabilities  Accounts payable and accrued liabilities  $1,361,588  $1,805,561  Dividends payable  3,443,243  2,345,347  Foreign exchange contracts  4  633,801  -  Income taxes payable  6  1,031,701  40,585  Current Liabilities  6,470,333  4,191,493  Loans and borrowings  9  44,500,000  50,000,000  Non-current liabilities  44,500,000  50,000,000  Total Liabilities  $50,970,333  $54,191,493  Equity  Share capital  8  413,237,576  252,016,172  Equity reserve  5,688,079  2,930,483  Fair value reserve  (4,883,951)  2,336,689  Translation reserve  1,201,883  (265,220)  Retained earnings 14,515,589  21,731,093  Total Equity  $429,759,176  $278,749,217  Total Liabilities and Equity  $480,729,509  $332,940,710 