These condensed financial statements do not contain all of the disclosures required by Canadian public sector accounting standards. Readers are
cautioned that these statements may not be appropriate for their purposes. For more information on the company's financial position, results of
operations, changes in net assets and cash flows, reference should be made to the complete financial statements of Economic Development
Winnipeg Inc. as at and for the year ended December 31, 2020, on which KPMG LLP expressed an opinion without reservation in their report dated
March 11, 2021. For complete financial statements and accompanying notes, visit our website:
economicdevelopmentwinnipeg.com/2020-financials
Invested in
capital assets
Unrestricted
Internally
restricted
2020 total 2019 total
Balances, beginning of year $ 543,672 $ 1,862,441 $ 700,000 $ 3,106,113 $ 2,947,125
Excess (deficiency) of
revenue over expenditures
(139,757)
342,446 - 202,689 158,988
Transfer for acquisition
of capital assets
272,927
(272,927) - - -
Balances, end of year $ 676,842 $ 1,931,960 $ 700,000 $ 3,308,802 $ 3,106,113
Statement of changes in net assets
Year ended December 31, 2020, with comparative information for 2019
38
2020
Annual
Report
