Financial Information
CONSOLIDATED BALANCE SHEET
| 2005 | 2004 | |
| ASSETS | (Note 3) | |
| Cash | 27,074 | 369,803 |
| Short term investments | 4,060,000 | 4,000,000 |
| Accounts receivable | 244,135 | 411,871 |
| Inventory | 1,670,656 | 1,151,291 |
| Prepaid expenses and deposits | 39,936 | 50,865 |
| 6,041,802 | 5,983,830 | |
| Deferred Charges (Note 4) | 72,482 | 136,821 |
| Property, Plant & Equipment (Note 5) | 10,253,508 | 9,822,109 |
| Intangible Assets (Note 6) | 4,021,491 | 4,774,070 |
| $20,389,283 | $20,716,830 | |
| LIABILITIES | ||
| Current | ||
| Accounts payable and accrued liabilities | 2,378,375 | 2,218,977 |
| Unearned revenue | 439,712 | 454,534 |
| Income taxes | 445,753 | 264,202 |
| Current portion of long-term debt (Note 7) | 660,480 | 1,241,549 |
| 3,924,320 | 4,179,262 | |
| Deferred Revenue | 1,679,811 | 1,353,412 |
| Long-term debt (Note 7) | 285,240 | 975,052 |
| Future Income Taxes | 821,000 | 1,426,767 |
| 6,710,371 | 7,934,493 | |
| SHAREHOLDERS’ EQUITY | ||
| Share capital (Note 8) | 11,795,130 | 11,708,770 |
| Paid-in capital - options (Note 8) | 202,140 | 202,140 |
| Retained earnings | 1,681,642 | 871,428 |
| 13,678,912 | 12,782,338 | |
| $ 20,389,283 | $ 20,716,830 |
See accompanying notes to financial statements.
Approved on behalf of the Board:
Peter Silverberg, Director
Joel Matlin,DirectorAsk a Question
Testimonials
-
We feel very safe with our AlarmForce system. Any time we have called re: questions or assistance in changing the batteries, everyone has been very helpful. Thanks for the great service.
-Sharon, AB -
Our rep came out and installed our system. Very knowledgeable and professional. We are very pleased.
-Michael, AB -
"My 40 year old husband died unexpectedly leaving me alone with my twin 5 year old boys. I was scared to be alone in my house, especially at night. I heard about AlarmForce on the radio and after talking to the friendly and knowledgeable representative I knew this was the company for me. The installer answered all my questions and installation was quick and easy. Thanks AlarmForce for giving me my sense of security back."
-Julie, Blaine MN -
For the first time in history I am enjoying the comfort, peace, privacy, love and safety of my home through AlarmForce protection. Please keep the good work up!
-Lydia, ON -
Pricing is very reasonable. Staff is professional and helpful. Very impressed always.
-Rob, ON -
Recently we had a technician come in regarding my alarm working incorrectly. He fixed the issue and spent about one hour addressing our concerns for safety in our basement. We had a motion sensor installed. Any time your people have been here they are knowledgeable and patient. I am very satisfied with AlarmForce.
-Teresa, AB -
As a child I remember being afraid of the dark. Even as an adult a scary movie or a bump in the night would set off that fear. I can avoid watching scary movies but i can not prevent a break in to my home...or can I? I have never felt so safe with an alarm system like AlarmForce. Not only do I arm my home during the day while at work, my home is armed while I am home alone and during the times where things go bump in the night. I sleep easy knowing that my home is armed. I would recommend Alarmforce to anyone the same way that got me on board with protecting my home. I have had alarm systems in past homes but nothing compares to having a live person monitoring your home when the alarm is triggered with a real threat or false alarm. I can honestly say I sleep better at night. Knowing that any intruder would see that my house is armed and know what they are up against is comfort in its own. I have no action packed glorified story...just a better nights sleep and a well secured protected home with AlarmForce. Thanks for everything.
-Laura T - Calgary, AB -
We've been customers for 8 years and our experience with AlarmForce has been very positive - thanks.
-Penny, BC
