Dominion Lending Centres Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 76.8M | 62.5M | 70.7M | 78.8M |
| Operating Revenue | 76.8M | 62.5M | 70.7M | 78.8M |
| Cost Of Revenue | 10.8M | 10.4M | 10.7M | 9.8M |
| Gross Profit | 65.9M | 52.1M | 60.0M | 69.0M |
| Selling General And Administration | 32.4M | 30.0M | 29.6M | 27.5M |
| General And Administrative Expense | 28.8M | 27.0M | 27.1M | 26.0M |
| Depreciation And Amortization In Income Statement | 4.1M | 3.8M | 4.0M | 4.1M |
| Operating Expense | 36.4M | 33.8M | 33.6M | 31.6M |
| Operating Income | 29.5M | 18.3M | 26.4M | 37.4M |
| EBIT | 32.2M | 17.1M | 23.6M | 36.6M |
| Interest Expense | 151.5M | 12.9M | 4.6M | 31.7M |
| Interest Expense Non Operating | 151.5M | 12.9M | 4.6M | 31.7M |
| Net Interest Income | -151.7M | -13.1M | -4.8M | -33.4M |
| Other Income Expense | 2.9M | -1.1M | -2.6M | 809,000 |
| Other Non Operating Income Expenses | 2.1M | 802,000 | 795,000 | 908,000 |
| Special Income Charges | 499,000 | -3.5M | -4.3M | 0.00 |
| Write Off | 198,000 | 3.5M | 4.8M | 0.00 |
| Gain On Sale Of Security | -- | -- | -- | 247,000 |
| Earnings From Equity Interest | 251,000 | 1.6M | 817,000 | -99,000 |
| Pretax Income | -119.3M | 4.2M | 19.0M | 4.8M |
| Tax Provision | 7.5M | 4.1M | 6.7M | 8.8M |
| Tax Effect Of Unusual Items | 74,850 | -1.4M | -1.5M | 0.00 |
| Net Income From Continuing And Discontinued Operation | -126.8M | 64,000 | 12.1M | -5.5M |
| Net Income From Continuing Operation Net Minority Interest | -126.8M | 64,000 | 12.1M | -5.5M |
| Net Income Including Noncontrolling Interests | -126.8M | 64,000 | 12.3M | -3.9M |
| Minority Interests | -- | -21,000 | -225,000 | -1.6M |
| Net Income Common Stockholders | -126.8M | 64,000 | 12.1M | -5.5M |
| Net Income | -126.8M | 64,000 | 12.1M | -5.5M |
| EBITDA | 41.4M | 25.7M | 30.8M | 43.4M |
| Normalized EBITDA | 40.9M | 29.2M | 35.1M | 43.4M |
| Reconciled Depreciation | 9.1M | 8.7M | 7.2M | 6.8M |
| Basic EPS | -2.58 | 0.00 | 0.25 | -0.12 |
| Diluted EPS | -2.58 | 0.00 | 0.25 | -0.12 |
| Basic Average Shares | 49.4M | 48.3M | 47.5M | 46.6M |
| Diluted Average Shares | 49.4M | 48.3M | 47.5M | 46.6M |
| Total Unusual Items | 499,000 | -3.5M | -4.3M | 0.00 |
| Total Unusual Items Excluding Goodwill | 499,000 | -3.5M | -4.3M | 0.00 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.35 | 0.27 |
| Normalized Income | -127.2M | 2.1M | 14.8M | -5.5M |
| Amortization | 3.6M | 3.3M | 3.5M | 3.7M |
| Amortization Of Intangibles Income Statement | 3.6M | 3.3M | 3.5M | 3.7M |
| Depreciation Amortization Depletion Income Statement | 4.1M | 3.8M | 4.0M | 4.1M |
| Depreciation Income Statement | 483,000 | 480,000 | 475,000 | 421,000 |
| Diluted NI Availto Com Stockholders | -126.8M | 64,000 | 12.1M | -5.5M |
| Gain On Sale Of Business | 697,000 | 0.00 | 525,000 | 0.00 |
| Net Income Continuous Operations | -126.8M | 64,000 | 12.3M | -3.9M |
| Net Income Discontinuous Operations | -- | -- | -- | 0.00 |
| Net Non Operating Interest Income Expense | -151.7M | -13.1M | -4.8M | -33.4M |
| Other Gand A | 9.6M | 8.7M | 9.6M | 8.2M |
| Reconciled Cost Of Revenue | 5.7M | 5.6M | 7.4M | 7.1M |
| Salaries And Wages | 19.1M | 18.3M | 17.5M | 17.8M |
| Selling And Marketing Expense | 3.6M | 2.9M | 2.5M | 1.4M |
| Total Expenses | 47.2M | 44.2M | 44.3M | 41.4M |
| Total Operating Income As Reported | 29.5M | 18.3M | 26.4M | 37.4M |
| Total Other Finance Cost | 160,000 | 168,000 | 154,000 | 1.6M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.7M | 5.6M | 9.2M | 20.9M |
| Cash Cash Equivalents And Short Term Investments | 4.7M | 5.6M | 9.2M | 20.9M |
| Cash Financial | 4.7M | 5.6M | 9.2M | 20.9M |
| Accounts Receivable | 17.2M | 15.0M | 14.1M | 18.0M |
| Receivables | 17.2M | 15.0M | 14.2M | 18.3M |
| Prepaid Assets | 2.3M | 2.0M | 3.2M | 1.6M |
| Current Assets | 24.2M | 22.6M | 26.6M | 40.8M |
| Gross PPE | 3.8M | 3.7M | 3.4M | 3.3M |
| Accumulated Depreciation | -2.5M | -2.0M | -1.2M | -1.1M |
| Net PPE | 1.3M | 1.7M | 2.2M | 2.2M |
| Goodwill | 62.2M | 60.4M | 60.4M | 60.4M |
| Goodwill And Other Intangible Assets | 190.4M | 187.3M | 185.7M | 181.9M |
| Other Intangible Assets | 128.3M | 126.9M | 125.3M | 121.4M |
| Investments And Advances | 2.3M | 5.6M | 8.0M | 28.8M |
| Long Term Equity Investment | 2.0M | 5.4M | 7.8M | 28.5M |
| Other Investments | 246,000 | 246,000 | 246,000 | 246,000 |
| Total Non Current Assets | 194.7M | 195.5M | 197.4M | 213.1M |
| Total Assets | 218.9M | 218.1M | 223.9M | 253.9M |
| Current Debt | 5.2M | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 10.7M | 6.3M | 5.2M | 1.7M |
| Accounts Payable | 2.0M | 2.5M | 1.5M | 1.5M |
| Payables | 21.0M | 12.6M | 14.2M | 23.3M |
| Payables And Accrued Expenses | 29.5M | 19.2M | 25.6M | 45.3M |
| Current Accrued Expenses | 8.5M | 6.5M | 11.4M | 22.0M |
| Current Deferred Revenue | 551,000 | 620,000 | 482,000 | 1.1M |
| Other Current Liabilities | -- | 7.2M | 6.2M | 14.9M |
| Current Liabilities | 40.8M | 33.2M | 38.4M | 64.6M |
| Long Term Debt | 25.6M | 34.0M | 32.0M | 35.2M |
| Long Term Debt And Capital Lease Obligation | 26.6M | 35.4M | 33.8M | 37.1M |
| Long Term Capital Lease Obligation | 1.1M | 1.4M | 1.8M | 1.9M |
| Other Non Current Liabilities | 554,000 | 1.0M | 1.1M | 2.5M |
| Total Non Current Liabilities Net Minority Interest | 44.4M | 158.9M | 153.3M | 155.5M |
| Total Liabilities Net Minority Interest | 85.2M | 192.2M | 191.7M | 220.1M |
| Common Stock | 375.1M | 135.7M | 136.0M | 118.0M |
| Capital Stock | 375.1M | 135.7M | 136.0M | 118.0M |
| Additional Paid In Capital | 12.3M | 11.8M | 11.8M | 15.6M |
| Retained Earnings | -255.3M | -122.4M | -116.6M | -101.8M |
| Gains Losses Not Affecting Retained Earnings | 0.00 | 592,000 | 794,000 | -21,000 |
| Other Equity Adjustments | -- | 592,000 | 794,000 | -21,000 |
| Common Stock Equity | 132.1M | 25.7M | 32.0M | 31.7M |
| Stockholders Equity | 132.1M | 25.7M | 32.0M | 31.7M |
| Total Equity Gross Minority Interest | 133.7M | 25.9M | 32.2M | 33.8M |
| Minority Interest | 1.6M | 252,000 | 231,000 | 2.1M |
| Total Capitalization | 157.7M | 59.7M | 64.0M | 67.0M |
| Net Tangible Assets | -58.3M | -161.7M | -153.8M | -150.1M |
| Tangible Book Value | -58.3M | -161.7M | -153.8M | -150.1M |
| Working Capital | -16.6M | -10.6M | -11.9M | -23.8M |
| Invested Capital | 162.9M | 59.7M | 64.0M | 67.0M |
| Total Debt | 37.3M | 41.7M | 38.9M | 38.8M |
| Net Debt | 26.0M | 28.4M | 22.8M | 14.3M |
| Share Issued | 78.7M | 48.2M | 48.4M | 46.4M |
| Ordinary Shares Number | 78.5M | 48.2M | 48.4M | 46.4M |
| Buildings And Improvements | 3.2M | 3.1M | 3.1M | 2.7M |
| Capital Lease Obligations | 1.4M | 1.8M | 2.3M | 2.3M |
| Current Capital Lease Obligation | 378,000 | 373,000 | 505,000 | 436,000 |
| Current Deferred Liabilities | 551,000 | 620,000 | 482,000 | 1.1M |
| Derivative Product Liabilities | -- | -- | -- | 0.00 |
| Income Tax Payable | -- | -- | 0.00 | 3.3M |
| Investmentin Financial Assets | -- | 246,000 | 246,000 | 246,000 |
| Investmentsin Joint Venturesat Cost | 2.0M | 5.4M | 7.8M | 28.5M |
| Investmentsin Subsidiariesat Cost | -- | -- | 7.8M | 28.5M |
| Leases | -- | 3.1M | 3.1M | 2.7M |
| Line Of Credit | 5.2M | 0.00 | -- | -- |
| Machinery Furniture Equipment | -- | -- | 503,000 | 502,000 |
| Non Current Accounts Receivable | 676,000 | 773,000 | 1.4M | 302,000 |
| Non Current Deferred Assets | -- | -- | -- | 0.00 |
| Non Current Deferred Liabilities | 17.2M | 15.3M | 14.5M | 12.3M |
| Non Current Deferred Revenue | 132,000 | 148,000 | 202,000 | 552,000 |
| Non Current Deferred Taxes Assets | -- | -- | -- | 0.00 |
| Non Current Deferred Taxes Liabilities | 17.1M | 15.1M | 14.3M | 11.8M |
| Notes Receivable | -- | 656,000 | 110,000 | 343,000 |
| Other Payable | 18.9M | 10.2M | 12.7M | 18.5M |
| Other Properties | 598,000 | 598,000 | 241,000 | 95,000 |
| Pensionand Other Post Retirement Benefit Plans Current | -- | 0.00 | 935,000 | 1.6M |
| Preferred Securities Outside Stock Equity | 0.00 | 107.3M | 104.0M | 103.6M |
| Total Tax Payable | -- | -- | 0.00 | 3.3M |
| Treasury Shares Number | 265,258 | -- | -- | -- |
| Unrealized Gain Loss | -- | -- | -- | -21,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 37.2M | 17.0M | 15.9M | 39.1M |
| Cash Flow From Continuing Operating Activities | 37.2M | 17.0M | 15.9M | 39.1M |
| Depreciation And Amortization | 9.1M | 8.7M | 7.2M | 6.8M |
| Depreciation Amortization Depletion | 9.1M | 8.7M | 7.2M | 6.8M |
| Stock Based Compensation | 554,000 | -70,000 | -104,000 | 1.1M |
| Deferred Tax | 896,000 | 773,000 | 2.6M | 2.2M |
| Deferred Income Tax | 896,000 | 773,000 | 2.6M | 2.2M |
| Change In Working Capital | 4.4M | -6.9M | -7.1M | 8.2M |
| Changes In Account Receivables | -- | -280,000 | 3.9M | -4.0M |
| Change In Receivables | -1.5M | -826,000 | 4.2M | -3.8M |
| Change In Inventory | -- | -- | -- | 0.00 |
| Change In Payables And Accrued Expense | 6.4M | -7.3M | -9.0M | 11.7M |
| Change In Other Working Capital | -356,000 | 138,000 | -647,000 | 229,000 |
| Change In Other Current Liabilities | -- | -- | -- | 13,000 |
| Other Non Cash Items | 149.8M | 12.6M | -2.5M | 24.6M |
| Capital Expenditure | -6.8M | -11.8M | -7.2M | -5.0M |
| Net PPE Purchase And Sale | -- | 69,000 | 13,000 | 28,000 |
| Purchase Of Business | -1.3M | 0.00 | -250,000 | -300,000 |
| Sale Of Business | 3.7M | 0.00 | 16.5M | 0.00 |
| Purchase Of Investment | -- | -- | -- | 0.00 |
| Net Investment Purchase And Sale | -- | -- | -- | 0.00 |
| Investing Cash Flow | -4.2M | -11.4M | 9.1M | -4.8M |
| Cash Flow From Continuing Investing Activities | -4.2M | -11.4M | 9.1M | -4.8M |
| Issuance Of Debt | 5.2M | 8.9M | 31.5M | 42.3M |
| Repayment Of Debt | -9.7M | -6.3M | -32.0M | -48.9M |
| Net Issuance Payments Of Debt | -4.6M | 2.6M | -560,000 | -6.6M |
| Issuance Of Capital Stock | -- | -- | -- | 0.00 |
| Repurchase Of Capital Stock | -16.3M | -309,000 | -7.3M | -948,000 |
| Net Common Stock Issuance | -1.0M | -309,000 | -7.3M | -948,000 |
| Common Stock Dividend Paid | -5.8M | -5.8M | -4.4M | 0.00 |
| Common Stock Payments | -1.0M | -309,000 | -7.3M | -948,000 |
| Financing Cash Flow | -33.9M | -9.2M | -36.6M | -23.7M |
| Cash Flow From Continuing Financing Activities | -33.9M | -9.2M | -36.6M | -23.7M |
| Effect Of Exchange Rate Changes | -- | 0.00 | -5,000 | 13,000 |
| Changes In Cash | -882,000 | -3.6M | -11.7M | 10.6M |
| Beginning Cash Position | 5.6M | 9.2M | 20.9M | 10.3M |
| End Cash Position | 4.7M | 5.6M | 9.2M | 20.9M |
| Free Cash Flow | 30.4M | 5.2M | 8.6M | 34.0M |
| Income Tax Paid Supplemental Data | 3.2M | 2.2M | 8.9M | 5.3M |
| Interest Paid Supplemental Data | 2.4M | 2.9M | 2.1M | 4.4M |
| Amortization Cash Flow | 5.1M | 4.9M | 3.3M | 2.7M |
| Amortization Of Intangibles | 5.1M | 4.9M | 3.3M | 2.7M |
| Asset Impairment Charge | 198,000 | 3.5M | 4.8M | 0.00 |
| Capital Expenditure Reported | -- | 0.00 | -1,000 | -134,000 |
| Cash Dividends Paid | -13.1M | -11.4M | -15.1M | -13.8M |
| Change In Prepaid Assets | -134,000 | 1.2M | -1.6M | 87,000 |
| Common Stock Issuance | -- | -- | -- | 0.00 |
| Depreciation | 4.1M | 3.8M | 4.0M | 4.1M |
| Dividends Received Cfi | 118,000 | 321,000 | 77,000 | 542,000 |
| Earnings Losses From Equity Investments | -251,000 | -1.6M | -817,000 | 99,000 |
| Gain Loss On Sale Of Business | -697,000 | 0.00 | -525,000 | 0.00 |
| Long Term Debt Issuance | 5.2M | 8.9M | 31.5M | 42.3M |
| Long Term Debt Payments | -9.7M | -6.3M | -32.0M | -48.9M |
| Net Business Purchase And Sale | 2.4M | 0.00 | 16.2M | -300,000 |
| Net Foreign Currency Exchange Gain Loss | -- | -- | -- | -247,000 |
| Net Income From Continuing Operations | -126.8M | 64,000 | 12.3M | -3.9M |
| Net Intangibles Purchase And Sale | -6.7M | -11.7M | -7.2M | -4.9M |
| Net Long Term Debt Issuance | -4.6M | 2.6M | -560,000 | -6.6M |
| Net Other Financing Charges | -- | -- | -16.9M | -2.4M |
| Net Preferred Stock Issuance | -15.2M | 0.00 | -- | -- |
| Operating Gains Losses | -948,000 | -1.6M | -1.3M | 99,000 |
| Preferred Stock Dividend Paid | -7.3M | -5.6M | -10.7M | -13.8M |
| Preferred Stock Payments | -15.2M | 0.00 | -- | -- |
| Proceeds From Stock Option Exercised | -- | 0.00 | 3.2M | 0.00 |
| Purchase Of Intangibles | -6.8M | -11.8M | -7.2M | -4.9M |
| Sale Of Intangibles | 108,000 | 69,000 | -- | -- |
| Sale Of PPE | -- | 69,000 | 13,000 | 28,000 |