Reading and Interpreting 1-3 a The major financial statements of Ten Peaks Coffee Company Inc. from its 2016 annual report are included in Exhibits 1.29A to 1.29C. Note that its fiscal year end is December 31, 2016. EXHIBIT 1.29A Ten Peaks Coffee Company Inc.'s 2016 Consolidated Statements of Financial Position TEN PEAKS COFFEE COMPANY INC. Consolidated Statement of Financial Position (Tabular amounts in thousands of Canadian dollars) December 31, 2016 December 31, 2015 as at Note Assets Current assets Inventories 6 $11,574 11,707 $18,960 7,200 7 Accounts receivable Prepaid expenses and other receivables Short-term Investments 524 462 8 12,700 9 95 354 Derivative assets Cash and cash equivalents 25 12,497 9,065 Total current assets 49,097 36,041 10 Non-current assets Plant and equipment Intangible assets Deferred tax assets 11 16,278 1,687 837 18,802 $67,899 12,756 1,947 944 12 Total non-current assets Total assets 15,647 $51,688 continued December December 31, 2016 as at Note 31, 2015 Note December 31, 2016 December 31, 2015 2,797 1,166 565 1,722 1,455 563 2,025 20 9 815 15 488 869 5,831 6,634 9 1,695 604 12 as at Liabilities and shareholders' equity Current liabilities Accounts payable Accrued liabilities Dividend payable Derivative liabilities Current portion of other liabilities Total current liabilities Non-current liabilities Derivative liabilities Deferred tax liabilities Convertible debenture Other liabilities Asset retirement obligation Total non-current liabilities Total liabilities Shareholders' equity Share capital Share-based compensation reserve Accumulated other comprehensive income Retained earnings (deficit) Total equity Total liabilities and shareholders' equity 3,896 1,676 11,283 81 14 15 69 16 797 17,733 23,564 702 3,070 9,704 17 43,496 43,448 72 63 419 357 44,335 $67,899 (1,536) 41,984 $51, 688 EXHIBIT 1.29B Ten Peaks Coffee Company Inc.'s 2016 Consolidated Statements of Income EXHIBIT 1.29B Ten Peaks Coffee Company Inc.'s 2016 Consolidated Statements of Income TEN PEAKS COFFEE COMPANY INC. Consolidated Statements of Income (Tabular amounts in thousands of Canadian dollars) 12 months ended December 31, 2016 $ 81,927 (69,877) 12 months ended December 31, 2015 Note $ 83,641 (72,328) 11,313 12,050 for the Revenue Cost of sales Gross profit Operating expenses Sales and marketing expenses Occupancy expenses Administration expenses Total operating expenses Operating income (2,398) (136) (4,499) (7,033) 5,017 (2,341) (137) (4,961) (7,439) 3,874 continued 12 months ended December 31, 2016 12 months ended December 31, 2015 Note (4) 21 for the Non-operating or other Finance (expense) income Gain on risk management activities Loss on derivative financial instruments Gain (loss) on foreign exchange Total non-operating Income before tax 1,073 (435) 91 (1,158) (892) (2,029) 725 5.742 1845 12 months ended December 31, 2016 12 months ended December 31, 2015 Note 21 (4) 1,073 (435) for the Non-operating or other Finance (expense) income Gain on risk management activities Loss on derivative financial instruments Gain (loss) on foreign exchange Total non-operating Income before tax Income tax expense Net income for the year 91 725 (1,158) (892) (2,029) 1,845 (533) 5,742 (1,593) 12 $ 4,149 $ 1,312 EXHIBIT 1.29C Ten Peaks Coffee Company Inc.'s 2016 Consolidated Statements of Cash Flows TEN PEAKS COFFEE COMPANY INC. Consolidated Statements of Cash Flows (Tabular amounts in thousands of Canadian dollars) 12 months ended December 31, 2016 12 months ended December 31, 2015 Note $ 4,149 $ 1,312 for the Cash flows from operating activities Net income for the year Items not affecting cash Depreciation and amortization Unrealized gain on derivative financial instruments Share-based compensation (recovery) expense Payment of restricted share units settled in cash 1,464 4,199 2,053 1,761 (180) (147) 945 (254) TEN PEAKS COFFEE COMPANY INC. Consolidated Statements of Cash Flows (Tabular amounts in thousands of Canadian dollars) 12 months ended December 31, 2016 12 months ended December 31, 2015 Note $ 4,149 $ 1,312 for the Cash flows from operating activities Net income for the year Items not affecting cash Depreciation and amortization Unrealized gain on derivative financial instruments Share-based compensation (recovery) expense Payment of restricted share units settled in cash Foreign exchange loss on cash held and on debt Income taxes recognized in profit and loss Finance expense (income) recognized in profit and loss 1,464 4,199 2,053 1,761 (180) (147) 945 (254) 2 943 533 1,593 4 (21) 9,121 9,235 25 (6,479) (165) 9,070 2,642 Change in non-cash working capital relating to operating activities Cash generated from operations Interest received Interest paid Net cash generated from operating activities 337 156 (251) 9,156 (115) 2,683 continued 12 months ended December 31, 12 months ended December 31, 12 months ended December 31, 2016 12 months ended December 31, 2015 Note (2,187) (5,293) (12,700) (17,993) (2,187) (2,256) (1,824) 18,210 for the Cash flows from investing activities Additions to plant and equipment Addition to short term investments Net cash used in investing activities Cash flows from financing activities Dividends paid Proceeds from share issuance Proceeds from convertible debenture, net of financing costs Repayments of bank indebtedness Net cash generated from financing activities Effects of foreign exchange rate changes on cash and cash equivalents held Net increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 14,527 - (8,753) 12,271 7,633 37 (2) 3,432 8,166 899 9,065 $ 12,497 $ 9,065 (a) Find the following amounts in the statements: (Enter amounts in thousands.) Thousands of Canadian dollars Particulars Total revenues for fiscal year 2016 i. $ ii. Total cost of sales for fiscal year 2016 $ iii. Sales and marketing expenses for fiscal year 2015 $ iv. Administration expenses for fiscal year 2016 $ V. Income tax expense for fiscal year 2015 + 5,452 899 Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 9,065 $ 12,497 $ 9,065 (a) Find the following amounts in the statements: (Enter amounts in thousands.) Particulars Thousands of Canadian dollars i. Total revenues for fiscal year 2016 ii. Total cost of sales for fiscal year 2016 iii. Sales and marketing expenses for fiscal year 2015 $ iv. Administration expenses for fiscal year 2016 $ v. Income tax expense for fiscal year 2015 $ vi. Net income for fiscal year 2016 $ vii. Inventories at the end of fiscal year 2016 $ viii. Accounts payable at the beginning of fiscal year 2016 $ ix. Shareholders' equity at the end of fiscal year 2016 $ X. Retained earnings at the end of fiscal year 2016 $ xi. Cash provided from operating activities in fiscal year 2016 $ xii. Cash payments to acquire plant and equipment in fiscal year 2016 $ xiii. Cash used to purchase short-term investments in fiscal year 2016 $ xiv. Cash used to pay dividends in fiscal year 2016 $ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 1 used