- We protect over 150,000 people across North America
- Over 20 years experience in the industry
- One of the few alarm companies to manufacture our own technology
- You deal directly with AlarmForce at all times
- Lowest prices and best value in the business
Financial Information
Consolidated Balance Sheet For the years ended Oct 31, 2006 and Oct. 31, 2005
| 2006 | 2005 | |
| $ | $ | |
| ASSETS | ||
| Current | ||
| Cash and cash equivalents | 3,909,309 | 4,087,074 |
| Accounts receivable | 274,405 | 244,136 |
| Inventory | 2,140,069 | 1,670,656 |
| Prepaid expenses and deposits | 40,013 | 39,936 |
| 6,363,796 | 6,041,802 | |
| Deferred charges (Note 3) | 33,411 | 72,482 |
| Property, plant and equipment (Note 4) | 14,066,022 | 10,253,508 |
| Intangible assets (Note 5) | 3,417,321 | 4,021,491 |
| $23,880,550 | $20,389,283 | |
| LIABILITIES | ||
| Current | ||
| Accounts payable and accrued liabilities | 2,964,706 | 2,378,375 |
| Unearned revenue | 575,152 | 439,712 |
| Income taxes payable | 646,631 | 445,753 |
| Current portion of long-term debt (Note 6) | 330,015 | 660,480 |
| 4,516,504 | 3,924,320 | |
| Deferred revenue | 2,161,296 | 1,679,811 |
| Long-term debt (Note 6) | 926,047 | 285,240 |
| Future income taxes (Note 9) | 755,000 | 821,000 |
| 8,358,847 | 6,710,371 | |
| Contingent Liability (Note 10) | ||
| SHAREHOLDERS’ EQUITY | ||
| Share capital (Note 7) | 12,145,585 | 11,795,130 |
| Paid-in capital - options (Note 7) | 202,140 | 202,140 |
| Retained earnings | 3,173,978 | 1,681,642 |
| 15,521,703 | 13,678,912 | |
| $23,880,550 | $20,389,283 |
See accompanying notes to financial statements.
Approved on behalf of the Board:
Joel Matlin, Director
Peter Silverberg, Director