Balance Sheet

Current Liabilities	26.1m
Accounts Payable	4.9m
Other Current Liabilities	21.2m
Non-Current Liabilities	168.6m
Long-Term Debt	124.4m
Other Non-Current Liabilities	44.2m

Currency: CAD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	1	1	1	0	1	1	1	2	1	0
Cash	1	1	1	0	1	1	1	2	1	0
Total Receivables	26	21	24	26	13	25	16	46	58	43
Accounts Receivables	26	21	24	26	13	25	16	46	58	43
Other Receivables	0	0	0	0	0	0	0	0	0	0
Other Current Assets	3	0	0	14	0	0	78	15	22	0
Total Current Assets	30	22	25	40	14	26	95	63	80	43
PP&E Net	622	896	956	895	858	801	719	1 007	1 132	1 034
PP&E Gross	622	896	956	895	858	801	719	1 007	1 132	1 034
Accumulated Depreciation	290	425	529	568	664	770	858	946	1 050	1 145
Other Long-Term Assets	1	21	26	22	16	13	16	0	0	41
Total Assets	653 N/A	939 +44%	1 008 +7%	956 -5%	888 -7%	840 -5%	830 -1%	1 071 +29%	1 212 +13%	1 118 -8%
Liabilities
Accounts Payable	16	10	9	7	5	4	4	5	4	5
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	11	7	5	12	9	8	64	13	47	21
Total Current Liabilities	27	17	14	19	14	12	68	18	51	26
Long-Term Debt	139	152	84	90	90	111	95	148	158	124
Deferred Income Tax	45	0	0	0	0	0	0	4	25	29
Other Liabilities	22	28	25	16	10	10	8	9	18	15
Total Liabilities	232 N/A	197 -15%	123 -38%	125 +2%	114 -9%	132 +16%	171 +29%	180 +5%	252 +40%	195 -23%
Equity
Common Stock	635	1 051	1 264	1 268	1 270	1 272	1 272	1 500	1 500	1 501
Retained Earnings	217	311	382	438	498	567	617	613	550	581
Additional Paid In Capital	3	3	3	2	3	3	4	5	0	0
Other Equity	0	0	0	0	0	0	0	0	10	4
Total Equity	421 N/A	743 +76%	885 +19%	832 -6%	775 -7%	708 -9%	659 -7%	891 +35%	960 +8%	924 -4%
Total Liabilities & Equity	653 N/A	939 +44%	1 008 +7%	956 -5%	888 -7%	840 -5%	830 -1%	1 071 +29%	1 212 +13%	1 118 -8%
Shares Outstanding
Common Shares Outstanding	75	99	118	118	118	119	119	151	151	151

Freehold Royalties Ltd
TSX:FRU