Annual Report 2024-25

62

The Association of Professional Engineers and Geoscientists of the Province of British Columbia Notes to Non-consolidated Financial Statements June 30, 2025

All remaining funds from existing Branches bank accounts and all related financial reports were all transferred to BCSEG in March, 2025. 2025 $ 2024 $ Total assets - 127,756 Total liabilities - 29,755 Net assets - 98,001 Revenue - 80,057 Expenses - 340,607 Cash flows used in operating activities - (260,550) 13 Financial instruments and risk management

Currency risk

Currency risk is the risk the value of a financial instrument will fluctuate due to changes in foreign exchange rates. The Organization is not exposed to significant currency risk.

Interest rate risk

Interest rate risk is the risk the value of a financial instrument will fluctuate due to changes in market interest rates. The Organization is exposed to interest rate risk on short-term deposits and investments. Management frequently reviews the interest rates to mitigate risk and uses professional investment management services.

Market risk and other price risk

Market risk and other price risk is the risk the value of a financial instrument will fluctuate as a result of changes in market prices. The Organization is not exposed to significant market risk and other price risk.

Credit risk

Credit risk is the risk one party to a financial instrument will fail to discharge an obligation and cause the other party to incur financial loss. The Organization does not have a significant concentration of credit risk in any single party or group of parties. Accounts receivable are due primarily from the government.

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