Investor Presentaiton
New term investments were not purchased during the year as the rate of return
on the PT bank account was higher than the expected rate of return on term
investments.
6- Management Fees paid to the Office of the Public Trustee
Fees are paid to the PT for services provided by the Public Trustee in
accordance with the Public Trustee Fees Regulation as provided for under the
Public Trustee Act.
7- Other Investments
Investment accounts
Registered plans
Bank accounts
2011
2010
$
2,874,738
1,303,963
200,131
59,839
581,623
136,800
3,656,492
1,500,602
Other investments are the financial assets of recently appointed clients. Due to
numerous and individual client investments, it is impractical to reflect the
aggregate rate of return on these investments.
8. Payments for Client Care and Maintenance
Client care and maintenance costs represent goods and services purchased for
clients and for personal living expenses, including payments to care facilities.
9. Professional Services
Professional services are payments on behalf of clients for services such as
accounting; legal; investment management; custodial; funeral; and property
management.
10. Statement of Cash Flows
A statement of cash flows has not been prepared as the required information is
readily apparent from the other financial statements.View entire presentation