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explain whether this company is a corporation, sole proprietorship or partnership, by identifying 2 line items within the financial statement to conclude your answer. Consolidated
explain whether this company is a corporation, sole proprietorship or partnership, by identifying 2 line items within the financial statement to conclude your answer.
Consolidated Balance Sheets As a 3 2021 A March 28 2020 (thousands of Canadian dollar 84,935 22,976 215,114 12,278 ASSETS Current Cash and cash equivalents (neto 7) Accounts receivable Inventories note 8) Prepaid expenses Income taxes receivable Derivative assets inte 91 Other assets thote 131 Total current assets Loan receivable note 131 Property, plant, and equipment, net ned 6 and 10) Right-of-use assets, net notes 6 and 11) Intangible assets, net robes 6 and 121 Equity investment, net nes 6 and 133 Total assets 2,120 337,423 120,473 7.640 241.812 6,062 138 3,794 2.320 382.239 446 91,215 382,146 24,571 2.353 882,970 77.131 361,864 20,916 2,156 799,490 164.294 51,673 2,034 10.682 68,402 LIABILITIES AND EQUITY Current Accounts payable and accrued liabilities (note 23) Unredeemed gift card liability Provisions inem 15 and 23) Deferred revenue Short-term lease liabilities totes 11 d 233 Derivative liabilities that 91 Total current liabilities Long-term accrued liabilities tree 233 Long-term provisions 1523) Long-term lease liabilities totes 11 and 231 Total liabilities Equity Share capital to 17) Contributed surplus tnote 16 Retained deficit Accumulated other comprehensive income (loss) Total equity Total liabilities and equity 145,193 58,053 2.365 16.486 67.603 1,622 291,322 2,090 827 482,671 776,910 297,085 1.196 469 500.215 798.965 226,986 13.782 1216,668) (1.5201 22,580 799.490 226.986 12.822 6158.803) 2.998 84.005 882 970 Consolidated Statements of Loss and Comprehensive Loss A 2001 indd March 28, thousands of Canadian dan pershandal 2010 904.738 (567,902) 336,836 (368,705) Revenue 19 Cost of sales Gross profit Operating, selling, and other expensestretes 10, 11, 12, 13 and 191 Impairment losses the Operating loss Net interest expensere 111 Share of loss from equity investments inte 13) Loss before income taxes Income tax expense rate 143 Net loss (31.869) (24.784) (197) (56,850) (1.017) (57,867) 957,722 (553,627) 404,095 (422,624) (56,582) (75.111) (23,524) (1,651) (100,286) (84.712) (184,998) Net loss per common share inste 20 Basic Diluted S12.09) $(2.09) $(6.72) $16.72 Consolidated Statements of Changes in Equity Accumulated Other Comprehensive Income (Les) Shar Capital Retained Camino (Deficio Contributed Surplus thousands of Canadian dollar Equity 226,986 12,822 2.998 (158,801) (57,867) Balance, March 28, 2020 Net loss for the period Share-based compensation (note 18) Directors' compensation (note 18) Other comprehensive loss inote 9) Foreign currency translation adjustment Balance, April 3, 2021 666 294 84,005 (57,867) 666 294 (4,399) (119) 22,580 (4,399) (119) (1.520) 226,986 13.782 (216,668) Consolidated Statements of Cash Flows 53 period anded April 2021 52 week period ended March 28, 2020 thousands of Canadian Dollars (57,867) (184,998) 17.158 42,990 12,885 399 23,005 40,101 13,374 (1,484) 1,932 56,582 1.268 293 84,712 OPERATING ACTIVITIES Net loss Adjustments to reconcile net loss to cash flows from operating activities Depreciation of property, plant, and equipment trake 10) Depreciation of right-of-use assets frete 1) Amortization of intangible assets tree 121 Gain on disposal of equity investment tot 133 Loss on disposal of capital assets (note 10 and 12) Impairment losses not Share-based compensation for 18) Directors' compensation de 18) Deferred income tax expense (nota 14) Rent concessions incte 11) Other Net change in non-cash working capital balances related to operations fineste 21) Interest expense cate 11 Interest income Share of loss from equity investments inote 13) Cash flows from operating activities INVESTING ACTIVITIES Net purchases of property, piant, and equipment 101 Addition of intangible assets te 12) Change in short-term investments (note 7) Principal payment on loan receivable Inte123 Interest received Cash flows from (used for investing activities FINANCING ACTIVITIES Repayment of principal on lease liabilities (note II) Interest paid teen Cash flows used for financing activities Effect of foreign currency exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents during the period Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period 666 294 1,017 (4,141) (784) 150 25,706 (922) 197 37.748 377 4,512 25,585 (1,714) 1,651 65,196 (4,093) 19,245) (2,223) (8,397) 87.150 719 2,034 79,283 922 (12.416) (36,535) (25.706) (62,241) (40,391) (25,585) (65,976) 1.371 680 (35,538) 120,473 84.935 79,183 41.290 120,473 Step by Step Solution
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