Western Pacific Trust Company

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

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	2.0M	1.9M	1.5M	1.1M
Operating Revenue	2.0M	1.9M	1.5M	1.1M
Cost Of Revenue	712,455	587,932	541,529	458,495
Gross Profit	1.3M	1.4M	982,482	657,873
Selling General And Administration	612,639	597,005	533,197	464,097
General And Administrative Expense	612,639	597,005	533,197	464,097
Depreciation And Amortization In Income Statement	88,828	88,557	72,778	69,355
Operating Expense	701,467	685,562	605,975	533,452
Operating Income	633,948	669,482	376,507	124,421
EBIT	618,297	654,539	379,544	127,594
Interest Expense	55,678	70,063	45,361	22,020
Interest Expense Non Operating	55,678	70,063	45,361	22,020
Interest Income	5,568	3,755	3,037	3,173
Interest Income Non Operating	5,568	3,755	3,037	3,173
Net Interest Income	-50,110	-66,308	-42,324	-18,847
Other Income Expense	-21,219	-18,698	--	--
Special Income Charges	-21,219	-18,698	--	--
Write Off	19,209	18,698	--	--
Pretax Income	562,619	584,476	334,183	105,574
Tax Provision	153,000	158,000	-306,800	-740,000
Tax Effect Of Unusual Items	-5,770	-5,055	0.00	0.00
Net Income From Continuing And Discontinued Operation	409,619	426,476	640,983	845,574
Net Income From Continuing Operation Net Minority Interest	409,619	426,476	640,983	845,574
Net Income Including Noncontrolling Interests	409,619	426,476	640,983	845,574
Net Income Common Stockholders	344,144	361,001	575,508	780,099
Net Income	409,619	426,476	640,983	845,574
EBITDA	707,125	743,096	452,322	196,949
Normalized EBITDA	728,344	761,794	452,322	196,949
Reconciled Depreciation	88,828	88,557	72,778	69,355
Basic EPS	0.01	0.01	0.02	0.03
Diluted EPS	0.01	0.01	0.02	0.03
Basic Average Shares	26.3M	26.3M	25.8M	25.0M
Diluted Average Shares	26.3M	26.3M	25.8M	27.9M
Total Unusual Items	-21,219	-18,698	--	--
Total Unusual Items Excluding Goodwill	-21,219	-18,698	--	--
Tax Rate For Calcs	0.27	0.27	0.26	0.27
Normalized Income	425,068	440,119	640,983	845,574
Amortization	2,052	2,225	2,538	3,171
Amortization Of Intangibles Income Statement	2,052	2,225	2,538	3,171
Depreciation Amortization Depletion Income Statement	88,828	88,557	72,778	69,355
Depreciation Income Statement	86,776	86,332	70,240	66,184
Diluted NI Availto Com Stockholders	344,144	361,001	575,508	780,099
Gain On Sale Of Ppe	-2,010	0.00	--	--
Insurance And Claims	18,141	16,747	16,747	16,493
Net Income Continuous Operations	409,619	426,476	640,983	845,574
Net Non Operating Interest Income Expense	-50,110	-66,308	-42,324	-18,847
Other Gand A	467,186	454,582	418,278	356,833
Preferred Stock Dividends	65,475	65,475	65,475	65,475
Reconciled Cost Of Revenue	712,455	587,932	541,529	458,495
Rent And Landing Fees	71,062	66,926	57,922	48,021
Rent Expense Supplemental	71,062	66,926	57,922	48,021
Salaries And Wages	56,250	58,750	40,250	42,750
Total Expenses	1.4M	1.3M	1.1M	991,947
Total Operating Income As Reported	--	659,364	383,890	131,976
Total Other Finance Cost	--	--	--	-3,173

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	2.4M	2.2M	1.9M	1.6M
Cash Cash Equivalents And Short Term Investments	2.4M	2.2M	1.9M	1.6M
Cash Financial	--	--	--	1.6M
Accounts Receivable	301,414	300,289	243,661	73,509
Receivables	301,414	300,289	243,661	73,509
Prepaid Assets	17,265	16,153	9,854	8,443
Current Assets	2.7M	2.5M	2.2M	1.7M
Gross PPE	404,453	537,022	603,762	260,126
Accumulated Depreciation	-128,942	-181,675	-175,320	-170,475
Net PPE	275,511	355,347	428,442	89,651
Goodwill And Other Intangible Assets	8,213	10,265	10,150	12,688
Other Intangible Assets	8,213	10,265	10,150	12,688
Total Non Current Assets	1.1M	1.4M	1.6M	923,848
Total Assets	3.9M	3.9M	3.8M	2.6M
Current Debt	--	--	--	11,527
Current Debt And Capital Lease Obligation	80,402	71,062	66,927	81,416
Payables And Accrued Expenses	94,629	77,675	98,409	79,463
Current Deferred Revenue	9,978	9,811	11,095	12,841
Current Liabilities	185,009	158,548	176,431	173,720
Long Term Debt	493,982	617,314	660,116	514,614
Long Term Debt And Capital Lease Obligation	698,266	902,000	1.0M	526,617
Long Term Capital Lease Obligation	204,284	284,686	355,747	12,003
Total Non Current Liabilities Net Minority Interest	756,784	966,086	1.1M	569,643
Total Liabilities Net Minority Interest	941,793	1.1M	1.2M	743,363
Common Stock	1.7M	1.7M	1.7M	1.5M
Capital Stock	3.0M	3.0M	3.0M	2.8M
Retained Earnings	-72,415	-219,357	-724,255	-1.3M
Gains Losses Not Affecting Retained Earnings	--	--	275,365	357,965
Common Stock Equity	1.7M	1.5M	1.3M	594,936
Stockholders Equity	2.9M	2.8M	2.6M	1.9M
Total Equity Gross Minority Interest	2.9M	2.8M	2.6M	1.9M
Total Capitalization	3.4M	3.4M	3.2M	2.4M
Net Tangible Assets	2.9M	2.8M	2.5M	1.9M
Tangible Book Value	1.6M	1.5M	1.3M	582,248
Working Capital	2.5M	2.4M	2.0M	1.5M
Invested Capital	2.1M	2.1M	1.9M	1.1M
Total Debt	778,668	973,062	1.1M	608,033
Share Issued	26.3M	26.3M	26.3M	25.0M
Ordinary Shares Number	26.3M	26.3M	26.3M	25.0M
Accrued Interest Receivable	--	--	155,835	9,092
Allowance For Doubtful Accounts Receivable	-19,209	-18,698	-6,109	--
Capital Lease Obligations	284,686	355,748	422,674	81,892
Current Capital Lease Obligation	80,402	71,062	66,927	69,889
Current Deferred Assets	--	--	77,500	30,000
Current Deferred Liabilities	9,978	9,811	11,095	12,841
Current Deferred Taxes Assets	--	--	77,500	30,000
Gross Accounts Receivable	320,623	318,987	249,770	--
Machinery Furniture Equipment	158,028	210,618	197,381	188,013
Non Current Deferred Assets	735,800	888,800	1.0M	710,000
Non Current Deferred Liabilities	58,518	64,086	38,384	43,026
Non Current Deferred Revenue	58,518	64,086	38,384	43,026
Non Current Deferred Taxes Assets	735,800	888,800	1.0M	710,000
Non Current Prepaid Assets	124,750	113,254	119,705	111,509
Other Current Borrowings	--	--	--	11,527
Other Equity Interest	--	275,365	275,365	357,965
Other Properties	246,425	326,404	406,381	72,113
Preferred Stock	1.3M	1.3M	1.3M	1.3M
Preferred Stock Equity	1.3M	1.3M	1.3M	1.3M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	680,203	621,473	260,874	179,078
Cash Flow From Continuing Operating Activities	680,203	621,473	260,874	179,078
Depreciation And Amortization	88,828	88,557	72,778	69,355
Depreciation Amortization Depletion	88,828	88,557	72,778	69,355
Stock Based Compensation	--	--	--	0.00
Deferred Tax	153,000	158,000	-306,800	-740,000
Deferred Income Tax	153,000	158,000	-306,800	-740,000
Change In Working Capital	-15,821	-97,192	-162,559	-1,464
Changes In Account Receivables	-12,169	-25,386	-23,409	2,013
Change In Receivables	-20,334	-75,326	-170,152	10,336
Change In Payables And Accrued Expense	16,954	-20,734	18,946	-13,641
Change In Other Working Capital	167.00	-1,284	-1,746	161.00
Other Non Cash Items	23,358	26,934	16,472	5,613
Capital Expenditure	-8,950	-15,577	-9,368	--
Purchase Of PPE	-8,950	-13,237	-9,368	0.00
Net PPE Purchase And Sale	-8,950	-13,237	-9,368	0.00
Investing Cash Flow	-8,950	-15,577	-9,368	0.00
Cash Flow From Continuing Investing Activities	-8,950	-15,577	-9,368	0.00
Issuance Of Debt	0.00	98,000	269,000	399,500
Repayment Of Debt	-223,320	-208,960	-156,645	-88,956
Net Issuance Payments Of Debt	-223,320	-110,960	112,355	310,544
Issuance Of Capital Stock	--	0.00	49,174	0.00
Repurchase Of Capital Stock	--	--	--	0.00
Net Common Stock Issuance	--	0.00	49,174	0.00
Financing Cash Flow	-485,997	-307,903	96,054	245,069
Cash Flow From Continuing Financing Activities	-485,997	-307,903	96,054	245,069
Changes In Cash	185,256	297,993	347,560	424,147
Beginning Cash Position	2.2M	1.9M	1.6M	1.2M
End Cash Position	2.4M	2.2M	1.9M	1.6M
Free Cash Flow	671,253	605,896	251,506	179,078
Income Tax Paid Supplemental Data	0.00	0.00	0.00	--
Interest Paid Supplemental Data	27,717	38,589	31,580	12,975
Amortization Cash Flow	2,052	2,225	2,538	3,171
Amortization Of Intangibles	2,052	2,225	2,538	3,171
Asset Impairment Charge	19,209	18,698	--	--
Cash Dividends Paid	-262,677	-196,943	-65,475	-65,475
Change In Prepaid Assets	-12,608	152.00	-9,607	1,680
Common Stock Issuance	--	0.00	49,174	0.00
Depreciation	86,776	86,332	70,240	66,184
Gain Loss On Sale Of PPE	2,010	0.00	--	--
Long Term Debt Issuance	0.00	98,000	269,000	399,500
Long Term Debt Payments	-223,320	-208,960	-156,645	-88,956
Net Income From Continuing Operations	409,619	426,476	640,983	845,574
Net Intangibles Purchase And Sale	0.00	-2,340	0.00	--
Net Long Term Debt Issuance	-223,320	-110,960	112,355	310,544
Net Preferred Stock Issuance	--	--	--	0.00
Operating Gains Losses	2,010	--	--	--
Preferred Stock Dividend Paid	-262,677	-196,943	-65,475	-65,475
Preferred Stock Issuance	--	--	--	0.00
Preferred Stock Payments	--	--	--	0.00
Purchase Of Intangibles	0.00	-2,340	0.00	--