Madison Pacific Properties Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Aug 31, 2024 | FY 2023Aug 31, 2023 | FY 2022Aug 31, 2022 | FY 2021Aug 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 44.5M | 40.5M | 37.4M | 32.8M |
| Operating Revenue | 44.5M | 40.5M | 37.4M | 32.8M |
| Cost Of Revenue | 13.0M | 13.0M | 11.2M | 9.4M |
| Gross Profit | 31.4M | 27.5M | 26.2M | 23.4M |
| Selling General And Administration | 5.3M | 6.8M | 4.1M | 3.8M |
| General And Administrative Expense | 5.3M | 6.8M | 4.1M | 3.8M |
| Operating Expense | 5.3M | 6.8M | 4.1M | 3.8M |
| Operating Income | 26.1M | 20.7M | 22.1M | 19.6M |
| EBIT | 24.6M | 34.9M | 88.6M | 71.4M |
| Interest Expense | 27.5M | 10.7M | 10.5M | 9.5M |
| Interest Expense Non Operating | 27.5M | 10.7M | 10.5M | 9.5M |
| Interest Income | 2.5M | 1.3M | 662,000 | 463,000 |
| Interest Income Non Operating | 2.5M | 1.3M | 662,000 | 463,000 |
| Net Interest Income | -25.0M | -9.4M | -9.8M | -9.1M |
| Other Income Expense | -4.0M | 12.9M | 65.9M | 51.4M |
| Gain On Sale Of Security | -4.4M | 5.6M | 51.1M | 47.7M |
| Earnings From Equity Interest | 360,000 | 7.4M | 14.8M | 3.7M |
| Pretax Income | -2.9M | 24.2M | 78.2M | 61.9M |
| Tax Provision | 41.3M | 5.3M | 12.8M | 8.3M |
| Tax Effect Of Unusual Items | -660,600 | 1.2M | 8.4M | 6.4M |
| Net Income From Continuing And Discontinued Operation | -44.1M | 18.6M | 63.3M | 50.3M |
| Net Income From Continuing Operation Net Minority Interest | -44.1M | 18.6M | 63.3M | 50.3M |
| Net Income Including Noncontrolling Interests | -44.2M | 19.0M | 65.4M | 53.6M |
| Minority Interests | 84,000 | -357,000 | -2.1M | -3.3M |
| Net Income Common Stockholders | -44.1M | 18.6M | 63.3M | 50.3M |
| Net Income | -44.1M | 18.6M | 63.3M | 50.3M |
| EBITDA | 26.0M | 36.8M | 90.3M | 72.6M |
| Normalized EBITDA | 30.4M | 31.3M | 39.2M | 25.0M |
| Reconciled Depreciation | 1.4M | 1.9M | 1.6M | 1.3M |
| Basic EPS | -0.74 | 0.31 | 1.07 | 0.86 |
| Diluted EPS | -0.74 | 0.31 | 1.07 | 0.86 |
| Basic Average Shares | 59.5M | 59.5M | 59.4M | 58.6M |
| Diluted Average Shares | 59.5M | 59.5M | 59.4M | 58.6M |
| Total Unusual Items | -4.4M | 5.6M | 51.1M | 47.7M |
| Total Unusual Items Excluding Goodwill | -4.4M | 5.6M | 51.1M | 47.7M |
| Tax Rate For Calcs | 0.15 | 0.22 | 0.16 | 0.13 |
| Normalized Income | -40.4M | 14.3M | 20.6M | 9.0M |
| Diluted NI Availto Com Stockholders | -44.1M | 18.6M | 63.3M | 50.3M |
| Net Income Continuous Operations | -44.2M | 19.0M | 65.4M | 53.6M |
| Net Non Operating Interest Income Expense | -25.0M | -9.4M | -9.8M | -9.1M |
| Other Gand A | 2.8M | 4.8M | 2.4M | 3.8M |
| Reconciled Cost Of Revenue | 13.0M | 13.0M | 11.2M | 9.4M |
| Salaries And Wages | 2.5M | 2.0M | 1.7M | -- |
| Total Expenses | 18.4M | 19.7M | 15.3M | 13.2M |
| Line Item | FY 2024Aug 31, 2024 | FY 2023Aug 31, 2023 | FY 2022Aug 31, 2022 | FY 2021Aug 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 14.6M | 45.2M | 42.0M | 42.3M |
| Cash Cash Equivalents And Short Term Investments | 14.6M | 45.2M | 42.0M | 42.3M |
| Accounts Receivable | 705,000 | 872,000 | 351,000 | 243,000 |
| Receivables | 1.8M | 2.6M | 746,000 | 581,000 |
| Prepaid Assets | 3.7M | 3.6M | 3.2M | 3.5M |
| Current Assets | 21.1M | 51.5M | 46.0M | 46.4M |
| Investments And Advances | 61.3M | 83.3M | 94.2M | 70.8M |
| Long Term Equity Investment | 61.3M | 83.3M | 94.2M | 70.8M |
| Total Non Current Assets | 774.4M | 801.8M | 796.2M | 695.0M |
| Total Assets | 795.4M | 853.4M | 842.1M | 741.3M |
| Current Debt | 104.1M | 57.3M | 87.5M | 53.9M |
| Current Debt And Capital Lease Obligation | 104.1M | 57.3M | 87.5M | 53.9M |
| Accounts Payable | 567,000 | 671,000 | 490,000 | 550,000 |
| Payables | 4.2M | 4.9M | 6.3M | 4.8M |
| Payables And Accrued Expenses | 6.4M | 6.8M | 8.2M | 7.2M |
| Current Accrued Expenses | 2.2M | 1.9M | 2.0M | 2.4M |
| Current Deferred Revenue | 4.8M | 4.6M | 4.1M | 3.9M |
| Other Current Liabilities | -- | -- | -- | 1.8M |
| Current Liabilities | 115.3M | 68.7M | 99.8M | 66.9M |
| Long Term Debt | 198.8M | 251.4M | 223.0M | 226.1M |
| Long Term Debt And Capital Lease Obligation | 198.8M | 251.4M | 223.0M | 226.1M |
| Other Non Current Liabilities | 1.1M | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 256.4M | 309.0M | 279.2M | 275.3M |
| Total Liabilities Net Minority Interest | 371.7M | 377.8M | 379.0M | 342.2M |
| Common Stock | 72.7M | 72.7M | 72.7M | 67.5M |
| Capital Stock | 72.7M | 72.7M | 72.7M | 67.5M |
| Additional Paid In Capital | -- | -- | -- | 0.00 |
| Retained Earnings | 339.2M | 390.0M | 377.6M | 320.5M |
| Common Stock Equity | 411.9M | 462.7M | 450.3M | 388.0M |
| Stockholders Equity | 411.9M | 462.7M | 450.3M | 388.0M |
| Total Equity Gross Minority Interest | 423.7M | 475.6M | 463.1M | 399.2M |
| Minority Interest | 11.8M | 12.9M | 12.8M | 11.1M |
| Total Capitalization | 610.8M | 714.1M | 673.3M | 614.1M |
| Net Tangible Assets | 411.9M | 462.7M | 450.3M | 388.0M |
| Tangible Book Value | 411.9M | 462.7M | 450.3M | 388.0M |
| Working Capital | -94.2M | -17.2M | -53.9M | -20.5M |
| Invested Capital | 714.9M | 771.5M | 760.8M | 668.1M |
| Total Debt | 302.9M | 308.8M | 310.5M | 280.0M |
| Net Debt | 288.3M | 263.6M | 268.5M | 237.8M |
| Share Issued | 59.5M | 59.5M | 59.5M | 58.6M |
| Ordinary Shares Number | 59.5M | 59.5M | 59.5M | 58.6M |
| Accrued Interest Receivable | 83,000 | 202,000 | 133,000 | 77,000 |
| Current Deferred Liabilities | 4.8M | 4.6M | 4.1M | 3.9M |
| Dividends Payable | 3.1M | 3.1M | 3.1M | 3.1M |
| Financial Assets | 0.00 | 3.9M | 4.1M | 0.00 |
| Hedging Assets Current | 942,000 | 104,000 | 0.00 | -- |
| Income Tax Payable | 10,000 | 1.1M | 2.7M | 1.2M |
| Interest Payable | 705,000 | 643,000 | 640,000 | 568,000 |
| Investment Properties | 708.3M | 695.1M | 678.8M | 605.1M |
| Investmentsin Associatesat Cost | 24.4M | 21.6M | 21.4M | 19.0M |
| Investmentsin Joint Venturesat Cost | 36.9M | 61.7M | 72.8M | 51.8M |
| Non Current Deferred Assets | 0.00 | -- | -- | -- |
| Non Current Deferred Liabilities | 56.5M | 57.6M | 56.3M | 49.2M |
| Non Current Deferred Taxes Assets | 0.00 | -- | -- | -- |
| Non Current Deferred Taxes Liabilities | 56.5M | 57.6M | 56.3M | 49.2M |
| Non Current Note Receivables | 337,000 | 238,000 | 267,000 | 597,000 |
| Non Current Prepaid Assets | 4.4M | 19.3M | 18.8M | 18.5M |
| Other Current Borrowings | -- | -- | 87.5M | 53.9M |
| Other Payable | 1.9M | 1.9M | 1.5M | 1.4M |
| Taxes Receivable | 1.0M | 1.6M | 262,000 | 261,000 |
| Total Tax Payable | 510,000 | 1.1M | 2.7M | 1.2M |
| Line Item | FY 2024Aug 31, 2024 | FY 2023Aug 31, 2023 | FY 2022Aug 31, 2022 | FY 2021Aug 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -20.3M | 5.8M | 10.9M | 9.6M |
| Cash Flow From Continuing Operating Activities | -20.3M | 5.8M | 10.9M | 9.6M |
| Depreciation And Amortization | 1.4M | 1.9M | 1.6M | 1.3M |
| Depreciation Amortization Depletion | 1.4M | 1.9M | 1.6M | 1.3M |
| Deferred Tax | 50.2M | 1.3M | 7.1M | 6.5M |
| Deferred Income Tax | 50.2M | 1.3M | 7.1M | 6.5M |
| Change In Working Capital | -31.7M | -3.6M | 1.6M | -830,000 |
| Changes In Account Receivables | 12,000 | -1.3M | 23,000 | -1.6M |
| Change In Receivables | 304,000 | -2.6M | 22,000 | -1.6M |
| Change In Payables And Accrued Expense | -32.0M | -1.1M | 1.6M | 755,000 |
| Change In Payable | -32.0M | -1.1M | 1.6M | 755,000 |
| Other Non Cash Items | -125,000 | 338,000 | 53,000 | 280,000 |
| Capital Expenditure | -1.1M | -1.2M | -1.6M | -1.5M |
| Purchase Of Business | -12.7M | 0.00 | -8.6M | -5.6M |
| Investing Cash Flow | 3.6M | 11.3M | -32.1M | -22.8M |
| Cash Flow From Continuing Investing Activities | 3.6M | 11.3M | -32.1M | -22.8M |
| Issuance Of Debt | 42.1M | 80.7M | 90.7M | 37.8M |
| Repayment Of Debt | -48.3M | -88.0M | -63.2M | -27.2M |
| Net Issuance Payments Of Debt | -6.2M | -7.4M | 27.6M | 10.6M |
| Common Stock Dividend Paid | -- | -- | -6.2M | -26.1M |
| Financing Cash Flow | -13.8M | -13.9M | 21.0M | -16.0M |
| Cash Flow From Continuing Financing Activities | -13.8M | -13.9M | 21.0M | -16.0M |
| Changes In Cash | -30.5M | 3.2M | -295,000 | -29.2M |
| Beginning Cash Position | 45.2M | 42.0M | 42.3M | 71.5M |
| End Cash Position | 14.6M | 45.2M | 42.0M | 42.3M |
| Free Cash Flow | -21.4M | 4.6M | 9.3M | 8.1M |
| Income Tax Paid Supplemental Data | 24.9M | 0.00 | -- | -- |
| Interest Paid Supplemental Data | 25.2M | 10.6M | 10.1M | 9.2M |
| Amortization Cash Flow | 1.4M | 1.9M | 1.6M | 1.3M |
| Amortization Of Intangibles | 1.4M | 1.9M | 1.6M | 1.3M |
| Capital Expenditure Reported | -1.1M | -1.2M | -1.6M | -1.5M |
| Cash Dividends Paid | -6.2M | -6.2M | -6.2M | -26.1M |
| Change In Account Payable | 332,000 | 526,000 | 109,000 | -375,000 |
| Change In Income Tax Payable | -32.4M | -1.6M | 1.5M | 1.1M |
| Change In Tax Payable | -32.4M | -1.6M | 1.5M | 1.1M |
| Dividends Received Cfi | 35.0M | 18.3M | -- | -- |
| Earnings Losses From Equity Investments | -360,000 | -7.4M | -14.8M | -3.7M |
| Gain Loss On Investment Securities | 4.4M | -5.6M | -50.1M | -47.7M |
| Long Term Debt Issuance | 42.1M | 80.7M | 90.7M | 37.8M |
| Long Term Debt Payments | -48.3M | -88.0M | -63.2M | -27.2M |
| Net Business Purchase And Sale | -12.7M | 0.00 | -8.6M | -5.6M |
| Net Income From Continuing Operations | -44.2M | 19.0M | 65.4M | 53.6M |
| Net Investment Properties Purchase And Sale | -17.6M | -5.8M | -22.0M | -16.0M |
| Net Long Term Debt Issuance | -6.2M | -7.4M | 27.6M | 10.6M |
| Net Other Financing Charges | -1.4M | -274,000 | -435,000 | -469,000 |
| Net Other Investing Changes | 10,000 | 9,000 | 46,000 | 183,000 |
| Operating Gains Losses | 4.0M | -12.9M | -64.9M | -51.4M |
| Provisionand Write Offof Assets | 77,000 | -126,000 | 32,000 | 125,000 |
| Purchase Of Investment Properties | -17.6M | -9.3M | -22.0M | -16.0M |
| Sale Of Investment Properties | 0.00 | 3.5M | 0.00 | -- |