Alberta · Interim receivership
Interim Receiver's Second Report cw Exhibits dated July 4 2017
Court officer report · 4 July 2017
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Comes from four different bank accounts, balances not verified by the Interim Receiver; includes an overdrawn Weslease hold account of approximately $485,000 which was reclassified to lease obligations. · as at: 2017-06-21 · amount: 7413 · currency: CAD · qualifier: approximately
- financial positionnote: Balance sheet also shows comparatives for year ending Nov 30, 2016 (Assets $6,600,414 / Liabilities $7,302,432) and Nov 30, 2015 (Assets $5,595,998 / Liabilities $6,328,786); Interim Receiver notes the Weslease hold account (overdrawn ~$485,000) was reclassified into total lease obligations, increasing total lease obligation to approximately $6.9 million. · as at: 2017-06-21 · basis: Unaudited - based on R5's accounting records, not verified by Interim Receiver · scope: entity - R5 Energy Services Ltd. · currency: CAD · total assets: 5811482 · total liabilities: 7390872
- operational summaryR5's operations have ceased entirely, with no employees remaining onsite at the Bentley location, and the company is not carrying on business.
- report date4 July 2017
- report noSecond Report