Uniserve Communications Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 6.4M | 6.5M | 7.5M | 8.1M |
| Operating Revenue | 6.4M | 6.5M | 7.5M | 8.1M |
| Cost Of Revenue | 3.5M | 3.5M | 4.1M | 4.7M |
| Gross Profit | 2.9M | 3.1M | 3.4M | 3.4M |
| Selling General And Administration | 649,558 | 561,220 | 525,521 | 627,770 |
| Depreciation And Amortization In Income Statement | 109,208 | 177,999 | 392,997 | 506,093 |
| Other Operating Expenses | 2.4M | 2.3M | 2.0M | 1.9M |
| Operating Expense | 3.2M | 3.1M | 2.9M | 3.0M |
| Operating Income | -239,388 | -1,818 | 447,614 | 360,304 |
| EBIT | -162,987 | 87,510 | 519,715 | 375,800 |
| Interest Expense | 28,114 | 73,668 | 126,241 | 235,800 |
| Interest Expense Non Operating | 28,114 | 73,668 | 126,241 | 235,800 |
| Interest Income | 57,813 | 62,770 | 14,384 | 9,097 |
| Interest Income Non Operating | 57,813 | 62,770 | 14,384 | 9,097 |
| Net Interest Income | 29,699 | -10,898 | -111,857 | -226,703 |
| Other Income Expense | 18,588 | 26,558 | 57,717 | 6,399 |
| Special Income Charges | 21,163 | 33,857 | 61,954 | 1,386 |
| Gain On Sale Of Security | -2,575 | -7,299 | -4,237 | 5,013 |
| Pretax Income | -191,101 | 13,842 | 393,474 | 140,000 |
| Tax Effect Of Unusual Items | 0.00 | 10,623 | 15,128 | 1,696 |
| Net Income From Continuing And Discontinued Operation | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Income From Continuing Operation Net Minority Interest | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Income Including Noncontrolling Interests | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Income Common Stockholders | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Income | -191,101 | 13,842 | 393,474 | 140,000 |
| EBITDA | -53,779 | 265,509 | 912,712 | 881,893 |
| Normalized EBITDA | -72,367 | 238,951 | 854,995 | 875,494 |
| Reconciled Depreciation | 109,208 | 177,999 | 392,997 | 506,093 |
| Basic EPS | -0.01 | 0.00 | 0.03 | 0.01 |
| Diluted EPS | -0.01 | 0.00 | 0.03 | 0.01 |
| Basic Average Shares | 26.8M | 26.8M | 23.7M | 20.4M |
| Diluted Average Shares | 26.8M | 26.8M | 24.1M | 25.3M |
| Total Unusual Items | 18,588 | 26,558 | 57,717 | 6,399 |
| Total Unusual Items Excluding Goodwill | 18,588 | 26,558 | 57,717 | 6,399 |
| Tax Rate For Calcs | 0.00 | 0.40 | 0.26 | 0.27 |
| Normalized Income | -209,689 | -2,093 | 350,885 | 135,297 |
| Amortization | 25,991 | 46,059 | 55,863 | 72,202 |
| Amortization Of Intangibles Income Statement | 25,991 | 46,059 | 55,863 | 72,202 |
| Depreciation Amortization Depletion Income Statement | 109,208 | 177,999 | 392,997 | 506,093 |
| Depreciation Income Statement | 83,217 | 131,940 | 337,134 | 433,891 |
| Diluted NI Availto Com Stockholders | -191,101 | 13,842 | 393,474 | 140,000 |
| Impairment Of Capital Assets | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Non Operating Interest Income Expense | 29,699 | -10,898 | -111,857 | -226,703 |
| Other Special Charges | -21,163 | -33,857 | -61,954 | -1,386 |
| Reconciled Cost Of Revenue | 3.5M | 3.5M | 4.1M | 4.7M |
| Selling And Marketing Expense | 649,558 | 561,220 | 525,521 | 627,770 |
| Total Expenses | 6.7M | 6.5M | 7.1M | 7.7M |
| Total Operating Income As Reported | -239,388 | 3.1M | 2.9M | 360,304 |
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 311,470 | 258,638 | 2.0M | 411,573 |
| Cash Cash Equivalents And Short Term Investments | 1.1M | 1.8M | 2.0M | 411,573 |
| Cash Financial | -- | 1.8M | 2.0M | 411,573 |
| Other Short Term Investments | 800,000 | 1.5M | -- | -- |
| Accounts Receivable | 1.6M | 582,531 | 519,495 | 2.5M |
| Receivables | 1.6M | 604,390 | 556,328 | 2.6M |
| Inventory | 71,832 | 16,770 | 17,566 | 49,201 |
| Prepaid Assets | 148,472 | 171,554 | 83,048 | 76,952 |
| Current Assets | 2.9M | 2.7M | 2.7M | 3.1M |
| Gross PPE | 9.4M | 9.3M | 9.2M | 9.1M |
| Accumulated Depreciation | -9.2M | -9.1M | -9.0M | -8.6M |
| Net PPE | 237,708 | 192,069 | 224,405 | 463,409 |
| Goodwill | -- | -- | -- | 0.00 |
| Goodwill And Other Intangible Assets | 0.00 | 25,991 | 72,050 | 127,913 |
| Other Intangible Assets | -- | 25,991 | 72,050 | 127,913 |
| Total Non Current Assets | 313,999 | 323,910 | 454,765 | 722,064 |
| Total Assets | 3.3M | 3.0M | 3.1M | 3.9M |
| Current Debt | 500,000 | 699,409 | 500,000 | 1.9M |
| Current Debt And Capital Lease Obligation | 501,860 | 699,409 | 529,114 | 2.0M |
| Accounts Payable | 1.5M | 971,335 | 1.2M | 3.5M |
| Payables | 1.6M | 995,102 | 1.2M | 3.5M |
| Payables And Accrued Expenses | 1.9M | 1.3M | 1.4M | 3.5M |
| Current Accrued Expenses | 358,016 | 308,823 | 238,588 | -- |
| Current Deferred Revenue | 131,833 | 109,965 | 121,125 | 382,390 |
| Other Current Liabilities | 23,000 | 23,000 | 23,000 | 37,000 |
| Current Liabilities | 2.6M | 2.1M | 2.1M | 5.9M |
| Long Term Debt | -- | -- | 192,309 | -- |
| Long Term Debt And Capital Lease Obligation | 7,955 | 0.00 | 192,309 | 60,486 |
| Long Term Capital Lease Obligation | 7,955 | 0.00 | 0.00 | 60,486 |
| Other Non Current Liabilities | -- | -- | -- | 2,000 |
| Total Non Current Liabilities Net Minority Interest | 7,955 | 0.00 | 200,539 | 62,486 |
| Total Liabilities Net Minority Interest | 2.6M | 2.1M | 2.3M | 6.0M |
| Common Stock | 33.3M | 33.1M | 33.1M | 30.0M |
| Capital Stock | 33.3M | 33.1M | 33.1M | 30.0M |
| Retained Earnings | -36.8M | -36.6M | -36.6M | -37.0M |
| Gains Losses Not Affecting Retained Earnings | 4.1M | 4.4M | 4.4M | 4.9M |
| Other Equity Adjustments | 4.1M | 4.4M | 4.4M | 4.9M |
| Common Stock Equity | 656,129 | 847,230 | 833,388 | -2.1M |
| Stockholders Equity | 656,129 | 847,230 | 833,388 | -2.1M |
| Total Equity Gross Minority Interest | 656,129 | 847,230 | 833,388 | -2.1M |
| Total Capitalization | 656,129 | 847,230 | 1.0M | -2.1M |
| Net Tangible Assets | 656,129 | 821,239 | 761,338 | -2.2M |
| Tangible Book Value | 656,129 | 821,239 | 761,338 | -2.2M |
| Working Capital | 350,085 | 523,319 | 579,162 | -2.8M |
| Invested Capital | 1.2M | 1.5M | 1.5M | -260,848 |
| Total Debt | 509,815 | 699,409 | 721,423 | 2.1M |
| Net Debt | 188,530 | 440,771 | -- | 1.4M |
| Share Issued | 26.8M | 26.8M | 26.8M | 20.4M |
| Ordinary Shares Number | 26.8M | 26.8M | 26.8M | 20.4M |
| Allowance For Doubtful Accounts Receivable | -59,300 | -33,183 | -600,768 | -594,834 |
| Capital Lease Obligations | 9,815 | 0.00 | 29,114 | 199,371 |
| Current Capital Lease Obligation | 1,860 | 0.00 | 29,114 | 138,885 |
| Current Deferred Assets | 31,545 | 108,266 | 69,045 | 47,828 |
| Current Deferred Liabilities | 131,833 | 109,965 | 121,125 | 382,390 |
| Dividends Payable | 25,607 | 23,767 | 21,927 | 25,327 |
| Gross Accounts Receivable | 1.6M | 615,714 | 1.1M | 3.1M |
| Leases | -- | -- | -- | 315,506 |
| Machinery Furniture Equipment | -- | -- | -- | 966,726 |
| Non Current Accounts Receivable | 53,641 | 62,978 | 85,278 | 85,075 |
| Non Current Deferred Assets | 22,650 | 42,872 | 73,032 | 45,667 |
| Non Current Deferred Liabilities | -- | 0.00 | 8,230 | 0.00 |
| Non Current Deferred Revenue | -- | 0.00 | 8,230 | 0.00 |
| Non Current Note Receivables | -- | -- | -- | 51,446 |
| Other Current Borrowings | 500,000 | 699,409 | 500,000 | 1.9M |
| Other Properties | 9.4M | 9.3M | 9.2M | 9.1M |
| Other Receivables | 8,229 | 21,859 | 36,833 | 24,614 |
| Properties | -- | -- | -- | 0.00 |
| Line Item | FY 2024May 31, 2024 | FY 2023May 31, 2023 | FY 2022May 31, 2022 | FY 2021May 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -328,128 | -71,989 | 409,594 | 218,900 |
| Cash Flow From Continuing Operating Activities | -328,128 | -71,989 | 409,594 | 218,900 |
| Depreciation And Amortization | 109,208 | 177,999 | 392,997 | 506,093 |
| Depreciation Amortization Depletion | 109,208 | 177,999 | 392,997 | 506,093 |
| Change In Working Capital | -194,331 | -182,666 | -329,677 | -428,759 |
| Changes In Account Receivables | -942,481 | -10,629 | 2.0M | -- |
| Change In Receivables | -928,851 | 26,645 | 2.0M | -992,318 |
| Change In Inventory | -55,062 | 796.00 | 31,634 | 131,060 |
| Change In Payables And Accrued Expense | 647,689 | -93,150 | -2.1M | 361,814 |
| Change In Payable | 598,496 | -163,385 | -2.0M | 361,814 |
| Change In Other Working Capital | 118,811 | -28,451 | -301,617 | 33,759 |
| Other Non Cash Items | -30,741 | -47,307 | -35,880 | 2,952 |
| Capital Expenditure | -117,455 | -99,605 | -122,042 | -101,509 |
| Purchase Of PPE | -117,455 | -99,605 | -122,042 | -101,509 |
| Net PPE Purchase And Sale | -117,455 | -99,605 | -119,042 | -101,509 |
| Investing Cash Flow | -117,455 | -99,605 | -119,042 | -101,509 |
| Cash Flow From Continuing Investing Activities | -117,455 | -99,605 | -119,042 | -101,509 |
| Issuance Of Debt | -- | -- | 695,750 | 0.00 |
| Repayment Of Debt | -201,585 | -27,114 | -1.3M | -379,586 |
| Net Issuance Payments Of Debt | -201,585 | -27,114 | -1.3M | -379,586 |
| Issuance Of Capital Stock | -- | 0.00 | 695,750 | -- |
| Net Common Stock Issuance | -- | 0.00 | 695,750 | -- |
| Financing Cash Flow | -201,585 | -27,114 | 1.3M | -379,586 |
| Cash Flow From Continuing Financing Activities | -201,585 | -27,114 | 1.3M | -379,586 |
| Changes In Cash | -647,168 | -198,708 | 1.5M | -262,195 |
| Beginning Cash Position | 1.8M | 2.0M | 411,573 | 673,768 |
| End Cash Position | 1.1M | 1.8M | 2.0M | 411,573 |
| Free Cash Flow | -445,583 | -171,594 | 287,552 | 117,391 |
| Amortization Cash Flow | 25,991 | 46,059 | 55,863 | 72,202 |
| Amortization Of Intangibles | 25,991 | 46,059 | 55,863 | 72,202 |
| Change In Account Payable | 596,656 | -165,225 | -2.0M | 359,494 |
| Change In Accrued Expense | 49,193 | 70,235 | -68,888 | -- |
| Change In Dividend Payable | 1,840 | 1,840 | 1,920 | 2,320 |
| Change In Prepaid Assets | 23,082 | -88,506 | -6,096 | 36,926 |
| Common Stock Issuance | -- | 0.00 | 695,750 | -- |
| Depreciation | 83,217 | 131,940 | 337,134 | 433,891 |
| Gain Loss On Sale Of PPE | -- | 0.00 | -3,000 | 0.00 |
| Long Term Debt Payments | -201,585 | -27,114 | -391,229 | -379,586 |
| Net Income From Continuing Operations | -191,101 | 13,842 | 393,474 | 140,000 |
| Net Long Term Debt Issuance | -201,585 | -27,114 | -391,229 | -379,586 |
| Net Short Term Debt Issuance | -200,000 | 0.00 | -886,000 | 0.00 |
| Operating Gains Losses | -21,163 | -33,857 | -11,320 | -1,386 |
| Proceeds From Stock Option Exercised | -- | 0.00 | 1.8M | 0.00 |
| Sale Of PPE | -- | 0.00 | 3,000 | 0.00 |
| Short Term Debt Issuance | -- | -- | 695,750 | 0.00 |
| Short Term Debt Payments | -200,000 | 0.00 | -886,000 | -- |