WestBond Enterprises Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 9.7M | 9.2M | 11.1M | 11.4M | -- |
| Operating Revenue | 9.7M | 9.2M | 11.1M | 11.4M | -- |
| Cost Of Revenue | 8.5M | 8.4M | 9.2M | 8.5M | -- |
| Gross Profit | 1.2M | 802,764 | 1.9M | 2.9M | -- |
| Selling General And Administration | 1.0M | 952,215 | 937,831 | 1.8M | -- |
| General And Administrative Expense | 1.0M | 923,201 | 914,944 | 942,426 | -- |
| Depreciation And Amortization In Income Statement | 18,837 | 18,889 | 18,837 | 18,837 | -- |
| Other Operating Expenses | -- | -- | -- | -- | -204,710 |
| Operating Expense | 1.1M | 971,104 | 1.0M | 1.8M | -- |
| Operating Income | 101,145 | -168,340 | 931,435 | 1.1M | -- |
| EBIT | 59,968 | -154,090 | 978,608 | 1.1M | -- |
| Interest Expense | 94,279 | 147,214 | 142,510 | 170,262 | -- |
| Interest Expense Non Operating | 94,279 | 147,214 | 142,510 | 170,262 | -- |
| Net Interest Income | -94,279 | -147,214 | -142,510 | -170,262 | -- |
| Other Income Expense | -41,177 | 14,250 | 47,173 | 30,332 | -- |
| Other Non Operating Income Expenses | -- | -- | -- | -- | 204,710 |
| Special Income Charges | -10,626 | 20,000 | 37,494 | 1,522 | -- |
| Write Off | 10,626 | -20,000 | 50,514 | -1,522 | -- |
| Gain On Sale Of Security | -30,551 | -5,750 | 9,679 | 28,810 | -- |
| Pretax Income | -34,311 | -301,304 | 836,098 | 959,099 | -- |
| Tax Provision | 18,069 | -90,621 | 261,548 | 265,879 | -- |
| Tax Effect Of Unusual Items | -6,177 | 4,286 | 14,757 | 8,409 | -- |
| Net Income From Continuing And Discontinued Operation | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Income From Continuing Operation Net Minority Interest | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Income Including Noncontrolling Interests | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Income Common Stockholders | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Income | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| EBITDA | 1.3M | 1.1M | 2.1M | 2.1M | -- |
| Normalized EBITDA | 1.3M | 1.1M | 2.1M | 2.1M | -- |
| Reconciled Depreciation | 1.2M | 1.3M | 1.2M | 1.0M | -- |
| Basic EPS | -0.00 | -0.01 | 0.02 | 0.02 | -- |
| Diluted EPS | -0.00 | -0.01 | 0.02 | 0.02 | -- |
| Basic Average Shares | 35.6M | 35.6M | 35.6M | 35.6M | -- |
| Diluted Average Shares | 35.6M | 35.6M | 35.6M | 35.8M | -- |
| Total Unusual Items | -41,177 | 14,250 | 47,173 | 30,332 | -- |
| Total Unusual Items Excluding Goodwill | -41,177 | 14,250 | 47,173 | 30,332 | -- |
| Tax Rate For Calcs | 0.15 | 0.30 | 0.31 | 0.28 | -- |
| Normalized Income | -17,380 | -220,647 | 542,134 | 671,297 | -- |
| Depreciation Amortization Depletion Income Statement | 18,837 | 18,889 | 18,837 | 18,837 | -- |
| Depreciation Income Statement | 18,837 | 18,889 | 18,837 | 18,837 | -- |
| Diluted NI Availto Com Stockholders | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Gain On Sale Of Ppe | -- | 0.00 | 37,494 | 0.00 | -- |
| Net Income Continuous Operations | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Non Operating Interest Income Expense | -94,279 | -147,214 | -142,510 | -170,262 | -- |
| Other Gand A | 211,202 | 221,125 | 231,704 | 206,370 | -- |
| Provision For Doubtful Accounts | -- | -20,000 | 50,514 | -- | -- |
| Reconciled Cost Of Revenue | 7.3M | 7.2M | 8.0M | 7.5M | -- |
| Salaries And Wages | 802,145 | 702,076 | 683,240 | 736,056 | -- |
| Selling And Marketing Expense | 30,544 | 29,014 | 22,887 | 822,607 | -- |
| Total Expenses | 9.6M | 9.4M | 10.2M | 10.3M | -- |
| Total Operating Income As Reported | 90,519 | -148,340 | 931,435 | 1.1M | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 143,266 | 111,001 | 73,471 | 268,070 | -- |
| Cash Cash Equivalents And Short Term Investments | 143,266 | 111,001 | 73,471 | 268,070 | -- |
| Accounts Receivable | 1.7M | 1.1M | 1.1M | 1.1M | -- |
| Receivables | 1.7M | 1.1M | 1.1M | 1.3M | -- |
| Inventory | 2.1M | 2.1M | 1.8M | 1.9M | -- |
| Prepaid Assets | 219,250 | 96,164 | 394,758 | 70,983 | -- |
| Current Assets | 4.2M | 3.5M | 3.4M | 3.5M | -- |
| Gross PPE | 19.9M | 19.7M | 19.3M | 18.8M | -- |
| Accumulated Depreciation | -11.8M | -10.5M | -9.2M | -8.1M | -- |
| Net PPE | 8.2M | 9.1M | 10.0M | 10.7M | -- |
| Other Non Current Assets | -- | -- | -- | 9,786 | 19,993 |
| Total Non Current Assets | 8.3M | 9.2M | 10.1M | 10.7M | -- |
| Total Assets | 12.4M | 12.7M | 13.4M | 14.3M | -- |
| Current Debt | 145,000 | 670,000 | 310,134 | 800,825 | -- |
| Current Debt And Capital Lease Obligation | 447,390 | 951,845 | 574,349 | 1.0M | -- |
| Accounts Payable | 929,136 | 344,970 | 470,505 | 578,418 | -- |
| Payables | 1.4M | 575,626 | 1.1M | 843,222 | -- |
| Payables And Accrued Expenses | 1.4M | 726,899 | 1.2M | 906,696 | -- |
| Current Accrued Expenses | 43,440 | 151,273 | 72,755 | 63,474 | -- |
| Other Current Liabilities | -- | -- | -- | -1.00 | -- |
| Current Liabilities | 1.9M | 1.7M | 1.8M | 1.9M | -- |
| Long Term Debt | -- | -- | -- | 297,604 | 1.0M |
| Long Term Debt And Capital Lease Obligation | 1.2M | 1.5M | 1.8M | 2.4M | -- |
| Long Term Capital Lease Obligation | 1.2M | 1.5M | 1.8M | 2.1M | -- |
| Total Non Current Liabilities Net Minority Interest | 2.9M | 3.4M | 3.8M | 4.5M | -- |
| Total Liabilities Net Minority Interest | 4.8M | 5.1M | 5.6M | 6.5M | -- |
| Common Stock | 4.2M | 4.2M | 4.2M | 4.2M | -- |
| Capital Stock | 4.2M | 4.2M | 4.2M | 4.2M | -- |
| Additional Paid In Capital | 326,989 | 326,989 | 311,589 | 294,089 | -- |
| Retained Earnings | 3.0M | 3.0M | 3.2M | 3.2M | -- |
| Common Stock Equity | 7.7M | 7.6M | 7.8M | 7.8M | -- |
| Stockholders Equity | 7.7M | 7.6M | 7.8M | 7.8M | -- |
| Total Equity Gross Minority Interest | 7.7M | 7.6M | 7.8M | 7.8M | -- |
| Total Capitalization | 7.7M | 7.6M | 7.8M | 8.1M | -- |
| Net Tangible Assets | 7.7M | 7.6M | 7.8M | 7.8M | -- |
| Tangible Book Value | 7.7M | 7.6M | 7.8M | 7.8M | -- |
| Working Capital | 2.3M | 1.8M | 1.6M | 1.6M | -- |
| Invested Capital | 7.8M | 8.3M | 8.1M | 8.9M | -- |
| Total Debt | 1.7M | 2.5M | 2.4M | 3.4M | -- |
| Net Debt | 1,734 | 558,999 | 236,663 | 830,359 | -- |
| Share Issued | 35.6M | 35.6M | 35.6M | 35.6M | -- |
| Ordinary Shares Number | 35.6M | 35.6M | 35.6M | 35.6M | -- |
| Buildings And Improvements | 2.9M | 2.9M | 2.9M | 2.9M | -- |
| Capital Lease Obligations | 1.5M | 1.8M | 2.1M | 2.3M | -- |
| Current Capital Lease Obligation | 302,390 | 281,845 | 264,215 | 238,123 | -- |
| Derivative Product Liabilities | -- | -- | 0.00 | 3,914 | 36,599 |
| Finished Goods | 337,820 | 307,492 | 157,818 | 289,043 | -- |
| Income Tax Payable | 134,223 | 0.00 | 322,449 | 0.00 | -- |
| Leases | 267,794 | 266,542 | 227,780 | 3.2M | -- |
| Line Of Credit | 145,000 | 670,000 | 310,134 | 86,537 | -- |
| Machinery Furniture Equipment | 173,339 | 170,306 | 162,886 | 143,011 | -- |
| Non Current Deferred Assets | 83,280 | 63,242 | 41,777 | 19,118 | -- |
| Non Current Deferred Liabilities | 1.7M | 1.9M | 2.0M | 2.2M | -- |
| Non Current Deferred Taxes Assets | 83,280 | 63,242 | 41,777 | 19,118 | -- |
| Non Current Deferred Taxes Liabilities | 1.7M | 1.9M | 2.0M | 2.2M | -- |
| Other Current Borrowings | -- | -- | 297,783 | 714,288 | 714,288 |
| Other Equity Interest | 158,550 | 65,800 | 81,200 | 98,700 | -- |
| Other Payable | 281,876 | 187,217 | 231,660 | 215,906 | -- |
| Other Properties | 16.6M | 16.3M | 15.9M | 15.5M | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Raw Materials | 1.8M | 1.8M | 1.7M | 1.6M | -- |
| Taxes Receivable | 0.00 | 42,903 | 0.00 | 164,256 | -- |
| Total Tax Payable | 151,169 | 43,439 | 404,117 | 48,898 | -- |
| Line Item | FY 2025Mar 31, 2025 | FY 2024Mar 31, 2024 | FY 2023Mar 31, 2023 | FY 2022Mar 31, 2022 | FY 2021Mar 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1.2M | 492,814 | 1.9M | 1.0M | -- |
| Cash Flow From Continuing Operating Activities | 1.2M | 492,814 | 1.9M | 1.0M | -- |
| Depreciation And Amortization | 1.2M | 1.3M | 1.2M | 1.0M | -- |
| Depreciation Amortization Depletion | 1.2M | 1.3M | 1.2M | 1.0M | -- |
| Stock Based Compensation | -- | -- | -- | 0.00 | 106,400 |
| Deferred Tax | 18,069 | -90,621 | 261,548 | 265,880 | -- |
| Deferred Income Tax | 18,069 | -90,621 | 261,548 | 265,880 | -- |
| Change In Working Capital | -131,289 | -150,077 | -290,030 | -578,035 | -- |
| Change In Receivables | -552,068 | 6,423 | -10,865 | -296,164 | -- |
| Change In Inventory | 21,335 | -328,848 | 112,714 | -180,779 | -- |
| Change In Payables And Accrued Expense | 522,530 | -126,245 | -68,105 | -146,962 | -- |
| Change In Payable | 522,530 | -126,245 | -68,105 | -146,962 | -- |
| Other Non Cash Items | 187,029 | 147,214 | 142,510 | 170,262 | -- |
| Capital Expenditure | -236,765 | -410,498 | -432,339 | -327,647 | -- |
| Purchase Of PPE | -236,765 | -410,498 | -432,339 | -327,647 | -- |
| Net PPE Purchase And Sale | -236,765 | -410,498 | -432,339 | -327,647 | -- |
| Investing Cash Flow | -236,765 | -410,498 | -432,339 | -327,647 | -- |
| Cash Flow From Continuing Investing Activities | -236,765 | -410,498 | -432,339 | -327,647 | -- |
| Issuance Of Debt | -- | 657,649 | -- | 86,537 | -- |
| Repayment Of Debt | -806,844 | -561,998 | -1.0M | -931,711 | -- |
| Net Issuance Payments Of Debt | -806,844 | 95,651 | -1.0M | -845,174 | -- |
| Common Stock Dividend Paid | -- | 0.00 | -534,387 | -890,645 | -712,316 |
| Financing Cash Flow | -895,411 | -44,786 | -1.7M | -1.9M | -- |
| Cash Flow From Continuing Financing Activities | -895,411 | -44,786 | -1.7M | -1.9M | -- |
| Changes In Cash | 32,265 | 37,530 | -194,599 | -1.2M | -- |
| Beginning Cash Position | 111,001 | 73,471 | 268,070 | 1.5M | -- |
| End Cash Position | 143,266 | 111,001 | 73,471 | 268,070 | -- |
| Free Cash Flow | 927,676 | 82,316 | 1.5M | 708,739 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | -534,387 | -890,645 | -- |
| Change In Prepaid Assets | -123,086 | 298,593 | -323,774 | 45,870 | -- |
| Depreciation | 1.2M | 1.3M | 1.2M | 1.0M | -- |
| Gain Loss On Investment Securities | -- | -- | -3,914 | -32,685 | -28,340 |
| Gain Loss On Sale Of PPE | -- | 0.00 | -37,494 | 0.00 | -- |
| Interest Paid Cff | -88,567 | -140,437 | -134,735 | -170,921 | -- |
| Long Term Debt Payments | -806,844 | -264,215 | -238,123 | -931,711 | -- |
| Net Income From Continuing Operations | -52,380 | -210,683 | 574,550 | 693,220 | -- |
| Net Long Term Debt Issuance | -806,844 | -264,215 | -238,123 | -931,711 | -- |
| Net Short Term Debt Issuance | 0.00 | 359,866 | -788,295 | 86,537 | -- |
| Operating Gains Losses | -- | -- | -41,408 | -32,685 | -28,340 |
| Proceeds From Stock Option Exercised | -- | -- | -- | 0.00 | 60,500 |
| Provisionand Write Offof Assets | -30,000 | -20,000 | 50,000 | 0.00 | -- |
| Short Term Debt Issuance | -- | 657,649 | -- | 86,537 | -- |
| Short Term Debt Payments | 0.00 | -297,783 | -788,295 | -- | -- |
| Taxes Refund Paid | -47,043 | -455,561 | 78,235 | -500,643 | -- |