Chapter 12
Using Accounting Information
363
Second Cup Coffee Co.
Statement of Financial Position
As at December 27, 2014 and December 28, 2013
(Expressed in thousands of Canadian dollars)
2014
2013
Assets
Current Assets
Cash
$10,918
$6,501
Accounts Receivable
4,026
4,368
Notes and Leases Receivable
81
220
Inventory
221
123
Prepaid Expenses
485
190
Income Tax Recoverable
699
-
Total Current Assets
16,430
11,402
Non-Current Assets
Notes and Leases Receivable
302
701
Property and Equipment
4,380
3,507
Intangible Assets
32,337
61,730
Total Assets
$53,449
$77,340
Liabilities
Current Liabilities
Accounts Payable
$6,011
$4,586
Provisions
1,937
847
Other Liabilities
512
717
Income Tax Payable
-
138
Gift Card Liability
3,727
3,895
Deposits From Franchises
378
878
Current Portion of Long-Term Debt
11,119
-
Total Current Liabilities
23,684
11,061
Non-Current Liabilities
Provisions
1,133
1,380
Other Liabilities
368
428
Long-Term Debt
-
11,089
Deferred Income Taxes
3,270
7,418
Total Liabilities
28,455
31,376
Shareholders’ Equity
Share Capital—Common Shares
8,652
1,000
Contributed Surplus
61,651
61,557
Retained Earnings (Deficit)
(45,309)
(16,593)
Total Shareholders’ Equity
24,994
45,964
Total Liabilities and Shareholders’ Equity
$53,449
$77,340
_______________
Figure 12.12
