Ontario Clean W ater Agency 2012 Annual Report 27 Liabilities and Net Assets As at December 31 2012 December 31 December 31 2012 2011 Liabilities and Net Assets Curr ent liabilities Accounts payable and accrued liabilities 17198 16562 Curr ent portion of employee futur e benefts note 8a 2688 2598 19886 19160 Longterm liabilities Employee futur e benefts note 8a 10871 10121 Net Assets 186813 185755 Contingencies note 7 and Measur ement Uncertainty note 1d T otal Liabilities and Net Assets 217570 215036 See accompanying notes to fnancial statements On behalf of the Boar d Dir ector Dir ector in thousands of dollars