ONTARIO GRAIN FARMER AUDITED FINANCIAL STATEMENTS 33 Statement of Financial Position (Statement 1) As at May 31, 2025 2025 2024 ASSETS CURRENT Cash $2,946,037 $1,869,583 Investments (note 9) 29,195,541 28,084,197 Accounts receivable 650,196 849,727 Prepaid expenses 615,818 33,407,592 708,609 31,512,116 Tangible capital assets (note 4) 3,968,590 $37,376,182 4,187,429 $35,699,545 LIABILITIES CURRENT Accounts payable and accrued liabilities $1,329,885 $2,445,394 Government remittances payable 58,907 40,272 Deferred revenue 67,146 1,455,938 65,203 2,550,869 NET ASSETS Unrestricted net assets (note 8) 15,382,341 12,689,461 Unrestricted net assets invested in tangible capital assets (note 8) 3,968,590 4,187,429 Internally restricted research fund (statement 2) 1,710,273 1,583,755 Internally restricted market development fund (statement 2) 136,010 181,010 Internally restricted legacy fund (statement 2) 14,723,030 35,920,244 14,507,021 33,148,676 $37,376,182 $35,699,545 APPROVED ON BEHALF OF THE BOARD: See notes to the financial statements. Director Director
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