Financial Information
Consolidated Statements of Cash Flow For the years ended Oct 31, 2007 and Oct 31 2006
| 2007 | 2006 | |
| Operating activities | ||
| Net income for the year | $1,280,172 | $1,492,336 |
| Items not involving cash: | ||
| Amortization: | ||
| Property, plant and equipment | 1,922,644 | 1,821,279 |
| Deferred charges | 9,591 | 9,591 |
| Intangible assets | 822,767 | 754,173 |
| Future income taxes | (542,000) | (66,000) |
| Stock compensation | 12,632 | 29,480 |
| 3,505,806 | 4,040,859 | |
| Changes in non-cash components of working capital: | ||
| Accounts receivable | (74,663) | (30,269) |
| Inventory | (764,901) | (469,413) |
| Prepaid expenses and deposits | 16,135 | (77) |
| Accounts payable and accrued liabilities | 134,797 | 586,331 |
| Unearned revenue | 91,143 | 135,440 |
| Income taxes | (683,712) | 200,878 |
| Deferred Revenue | 512,433 | 481,485 |
| (768,768) | 904,373 | |
| 2,737,038 | 4,945,232 | |
| Investing activities | ||
| Additions to property, plant and equipment | (3,357,440) | (4,633,796) |
| Additions to intangible assets | (1,350,001) | (150,000) |
| (4,707,441) | (4,783,796) | |
| Financing activities | ||
| Repayment of fixed rate term loan | (50,000) | (29,166) |
| Decrease in long-term debt | 553,308 | (660,492) |
| Proceeds from issue of share capital | 37,800 | 350,455 |
| 541,108 | (339,203) | |
| Change in cash and cash equivalents | (1,429,295) | (177,766) |
| Cash and cash equivalents, beginning of year | 3,909,309 | 4,087,074 |
| Cash and cash equivalents,end of year | $2,480,014 | $3,909,308 |
| Supplemental cash flow information: | ||
| Interest paid | $102,258 | $82,072 |
| Income taxes paid | $2,084,647 | $885,700 |
| Non–cash transaction: | - | $1,000,000 |
| Fixed rate term loan obtained to finance property |
See accompanying notes to consolidated financial statements.
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Testimonials
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By, the way the alarm system is great - I feel much safer now especially when my husband is on the graveyard shift. The fellow that installed it for us too was very professional and helpful.
-Debbie, BC -
I just changed my batteries for the first time and I had to call the customer care department to make sure everything was ok and they were very helpful.
-Paula, BC -
I am pleased with the system and components and overall would rate AlarmForce as excellent.
-Brian, ON -
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 -
I want to thank you most sincerely for your response this morning when I apparently triggered a false alarm at our residence and left our back door unlocked. I was having some difficulty with my wife when we left (she has Alzheimer's disease). When I returned about an hour later I noticed the door was now locked and the telephone was ringing. It was your office with notification of the alarm and your response. Our son also phoned shortly afterwards to advise that you had notified him also in response to the alarm. I had also neglected to turn on my cell phone. Again, my sincere appreciation for your immediate response and corrective action; but then, that's why we subscribe to AlarmForce. But please accept my apology for causing the problem in the first place.
-Norman, ON -
I am a realtor in Columbus, Ohio and have had several listing where the residence was vacant throughout the time it was listed for sale. One of the residences suffered extensive vandalism which included having all of the copper plumbing ripped put of the home. After repairs and renovations were completed, new appliances were purchased and delivered. Several friends warned me of the high probability that the appliances could be stolen. I contacted AlarmForce and learned that their system was not only portable but did not require a landline telephone to operate. I ordered the system and have had no attempts by vandals to break into the home. When the property is sold, I will move the system to the next vacant home that I list for sale. I may actually purchase another system. I recommend all realtors to consider using your system. Thanks, AlarmForce.
-J.S - Columbus, OH -
It was five days before Christmas in 2009, when I was finally getting off of work, to come home and enjoy my holidays. I had been in Northern Alberta and British Columbia working for awhile and not getting the chance to come home very often. My landlord of the house, my spouse and I were renting, lived across the street and was able to watch our house while we were both out of town. It was 9:00pm the night before I flew home, when my landlord called to say our house had gotten broken into. I was very frustrated, upset and angry mainly because I come from a small town in Saskatchewan and not a lot of crime goes on. I did not know what to expect when I got home to see if all of our belongings were missing and the house destroyed. I remember coming home from the airport, very scared, not wanting to even stay at my house over night. When I got home, there was this feeling of someone there, but really there wasn't. Everything seemed to still be intact, and not missing, but I did not feel safe staying there by myself that night. I decided to stay with family. The next day, I called Alarm Force to have a system set up in our house. I was leaving for Saskatchewan within 72 hours, and no one from alarm force could come. This was very understandable since it was short timing. I explained to AlarmForce over the phone what had happened, how I did not feel safe, and I wanted to purchase a system. AlarmForce was very helpful. Their best intention was to get a system for me installed as soon as possible so I would feel safe in my own home. AlarmForce was very helpful and they worked with my landlord and me in installing a system in my house, even knowing me and my spouse were gone from Christmas. After Christmas I came home to find a wonderful, easy, accessible alarm to use that was very understanding to learn. The best part was how much room the alarm took up, which was not much! The amount of money I have to pay for having the alarm is well worth than having my belongings maybe gone one day, or myself in danger. I like how the payment system is set up on a monthly payment, and I can transfer my system to friends or family if need be. We still live in the house so it is definitely paying off. I also love that if we were to move, we can move our system to different locations. I am more home now, than I used to be but my spouse is still out of town lots. I sometimes get very nervous staying by myself which affects sometimes the way I sleep. Being paranoid about staying in a house by yourself is not a very good feeling. It bothers me a lot that for whoever broke in knows where I live and what belongings are in the house. Will they return? But when I put my alarm system on while I am in the house, and at night going to sleep- the system makes me feel very stress and paranoid free. I know if something was to happen and someone had gotten into my house- help would be around the corner. One time, my family was up visiting with our family dog, and we were going out for supper. I was not used to having a pet around, and I set the alarm not even thinking the dog was in the house. I had received a call from Alarm Force on our way to the restaurant but I missed the call. Next thing I knew, my landlord was calling me to state that he had received a call from AlarmForce. He knew most likely I set the alarm and the dog had been in the house. I was very shocked in how the phone call was sent out asking if everything was okay. This was the first time in over a year, AlarmForce had to call, and it was amazing how comforting the time was and how it did not take long for someone to contact me. This made me feel even better about the purchase we made of installing Alarm Force in our house. I would recommend Alarm Force to anyone who is insisting to have a system put into their house. I have told many people about my story of how Alarm Force was there for me, even if I was not able to be there. I explain to others how comforting it is to have someone “with” you even knowing no body physically is there. It is an affordable way to keep one or one's family safe.
-Sara G. - Edmonton, AB -
I was a bit hesitant about calling Alarmforce as I thought I would get the big sales pitch and have to commit my first born to get a system but I was connected to a salesperson named Terry who sounded more like he could have been my Dad than some high pitched sales guy. He just gave me the facts, told me that I could probably install the system myself and it all went off very well. We are always treated well when we call in for a test or even when we have accidentally set off the system. We feel great about our system, it is very sensitive and makes us feel a whole lot safer. Thanks Alarmforce!
-Ron B. - Sundre, AB






