1 unchanged sentence
part of our regular business operations, we face various risks that can impact our profitability and operations.
−Removed: These risks can be broadly
−Removed: categorized as interest rate risk, credit risk, counterparty risk, and risks associated with the COVID-19 pandemic.
+Added: These risks can be
+Added: broadly categorized as interest rate risk, credit risk, counterparty risk, and risks associated with the pandemics like COVID-19.
do not face interest rate risk as we do not have any variable-rate loans or borrowings.
risk is the risk of financial loss to the Corporation if a counterparty to a financial instrument fails to meet its contractual obligations.
−Removed: The Corporation’s credit risk is mainly attributable to its cash and cash equivalents and trade and other receivables.
−Removed: Corporation has determined that its exposure to credit risk on its cash and cash equivalents is minimal as the Corporation’s cash
−Removed: and cash equivalents are held with financial institutions in Canada.
+Added: The Corporation’s credit risk is mainly attributable to its cash and trade and other receivables.
+Added: Corporation has determined that its exposure to credit risk on its cash is minimal as the Corporation’s cash is held with financial institutions in Canada.
primary source of credit risk relates to the possibility of Core Business Operation’s brokerages or other customers not paying
1 unchanged sentence
monitoring overdue trade and other receivables.
−Removed: As of August 31, 2023, $2,572 (August 31, 2022 $1,901) of our trade receivables are greater
−Removed: than 90 days outstanding.
−Removed: A decline in economic conditions or other adverse conditions experienced by brokerage and agents could impact
−Removed: the collectability of the Corporation’s accounts receivable.
+Added: As of August 31, 2024, $37,800 of our trade receivables are greater than 90 days outstanding,
+Added: as compared to $2,572 for August 31, 2023.
+Added: A decline in economic conditions or other adverse conditions experienced by brokerage and
+Added: agents could impact the collectability of the Corporation’s accounts receivable.
maximum exposure to credit risk approximates the carrying value of the assets on the Corporation’s consolidated statements of financial
−Removed: Cash and cash equivalents
−Removed: Trade, other receivable and other assets
−Removed: Notes receivable
−Removed: Income tax receivable
+Added: Trade and other receivables
+Added: Prepaid expenses and deposit
risk is the risk that the Company will not be able to meet its financial obligations as they become due.
4 unchanged sentences
and their maturities are as follows:
−Removed: Cash flow under contract.
−Removed: Within 1 year
−Removed: Greater than 1 year
Accounts payable and accrued liabilities
Lease obligations
−Removed: Short term loans
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.