|Net income for the year||$ 3,780,061||$ 2,610,585|
|Items not involving cash:|
|Property, plant and equipment||2,425,581||2,367,729|
|Future income taxes||(376,000)||(677,000)|
|Changes in non-cash components of working capital:|
|Prepaid expenses and other assets||(15,816)||2,082|
|Accounts payable and accrued liabilities||(363,668)||663,575|
|Additions to property, plant and equipment||(3,547,763)||(3,711,467)|
|Additions to intangible assets||(117,720)||-|
|Repayment of fixed rate term loan||(45,832)||(50,000)|
|Repayment of revolving demand loan||(229,167)||(255,200)|
|Proceeds from issue of share capital||491,400||132,300|
|Purchase of shares for cancellation||(110,940)||-|
|Change in cash and cash equivalents||2,907,430||2,928,348|
|Cash and cash equivalents, beginning of year||5,408,362||2,480,014|
|Cash and cash equivalents,end of year||$8,315,792||$5,408,362|
|Cash and cash equivalents for the Company are as follows:|
|Supplemental cash flow information:|
|Income taxes paid||$ 1,878,168||$ 1,456,908|
See accompanying notes to consolidated financial statements.
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"I am writing this as a relatively new customer to AlarmForce. Previously we had a "big name" company for our alarm service. When that company's equipment failed to meet our needs on a couple of different levels, including raising the monitoring prices yearly, we decided it was time for a change. I had heard the commercials on the radio for AlarmForce and decided to give them a try. The technician that came out to install was great! I was not home but my wife could say enough about the technician. Everything was installed to our satisfaction and works great! Hopefully we won't have to ever use the system in an "emergency" sense, but it's nice to know that it is there. Thanks for a great service at a great price!"
-John, Maplewood MN
AlarmForce is the best choice to protect any home as it is an economical 24 hr monitored service. I never thankfully had to actually use the system for a incident but my family feels more secure knowing the system is there monitoring our home. I also would like to comment the staff as I had issues with low batteries the walked me through the maintenance of the system. Everyone I have dealt with was very friendly. I would and have recommended Alarm force to friends and co-workers. Thank You.
-Greg S. - Spruce Grove, AB
I have purchased the Alarm Force 2-way & VideoRelay system in February; it is the best money I have invested in my home. I leave my home very early every morning leaving my family asleep. Having Alarm Force 2-way system and VideoRelay my mind is at ease, knowing My Family is protected by AlarmForce. I can monitor any activity around my house throughout the day or night. This is a great system and I have recommended this to all my friends and family!
-Anthony - Maple, ON
I feel very comfortable with your alarm system. When testing and the alarm has gone off, they phone right away. My other alarm company waited 2-3 minutes before they phoned. I'm alone a lot and lot at night and feel very secure with AlarmForce. Thank you.
Alarmforce has been a leading company for in home security for years. I love their live voice alarm system. We proved it worked when leaving for Florida at 3am and accidentally setting off the alarm. They were on the speaker in a minute and challenging us for our passphrase. It's good to know it works!
-Phil - Whitby, ON
AlarmForce is the only company I have been affiliated with and they are giving me NO reason to look elsewhere. Right from the time of installation I have found them very professional and courteous in all my dealings. They are prompt to respond and very understanding should you happen to trigger an alarm in error. All agents have been polite and knowledgeable. I have no hesitation in recommending them as a protection agency.
-Gus - Sylvan Lake, AB
Tim did an awesome job with install, explanation and demonstration.
Thank you for your efficient service. Your live voice helped minimize damage and speedy police response - within 5 minutes! Congratulations
-A business, ON