38 Orbit G arant 2012 annual rep O rt C ONSOLIDATED b ALANCE S h EETS As of June 30 2012 June 30 2011 and July 1 2010 June 30 June 30 July 1 2012 2011 2010 in thousands of Canadian dollars Notes Assets note 22 note 22 Current assets Cash 1959 8114 Accounts receivable 20 35765 33865 21188 Inventories 7 42036 33646 22708 Income taxes receivable 1503 2412 2351 Prepaid expenses 1165 689 460 82428 70612 54821 Noncurrent assets Investments in associate 8 886 Property plant and equipment 9 55880 43223 31681 Goodwill 10 26771 22715 19698 Intangible assets 11 5072 6086 1374 Total assets 170151 142636 108460 Liabilities Current liabilities Bank overdraft 698 Accounts payable and accrued liabilities 20206 19009 17158 Contingent considerations 2 1564 774 Current portion of longterm debt 12 401 168 203 22171 20649 17361 Noncurrent liabilities Contingent considerations 2 2792 1356 Longterm debt 12 25971 14673 172 Deferred tax liabilities 15 3485 2615 1335 54419 39293 18868 Equity Share capital 14 54411 53386 51898 Equity settled reserve 14 3524 2520 1703 Retained earnings 57797 47437 35991 Equity attributable to shareholders 115732 103343 89592 Total liabilities and equity 170151 142636 108460 See accompanying notes to consolidated fnancial statements Approved by the Board Eric Alexandre JeanYves Laliberte Director Director