Ontario · Receivership (court-appointed)

Proposed Administrator's Pre-Filing Report (Apr 30, 2020)

Pre-filing report · 30 April 2020

What we verified from this filing1 verified

financial positionnote: Assets: accounts receivable $6.0M (net of provision for bad debts/delinquent accounts not written off), cash $2.5M, investments $2.1M, other receivables $0.1M, prepaid expenses $0.1M. Liabilities: owners prepaid services for 2020 $8.8M, contractors and suppliers $200,000. Property itself is owned by Owners, not the Association, and is excluded from Association assets. · page: 11 · as at: 2020-02-29 · basis: Association reported figures (unaudited management report) · scope: entity - Carriage Ridge Owners Association · currency: CAD · total assets: 10700000 · total liabilities: 9000000