Balance Sheet

Current Liabilities	51.8m
Accounts Payable	18.8m
Other Current Liabilities	33m
Non-Current Liabilities	14.5m
Long-Term Debt	4.2m
Other Non-Current Liabilities	10.3m

Currency: CAD

	Mar-2014	Mar-2015	Mar-2016	Mar-2017	Mar-2018	Mar-2019	Mar-2020	Mar-2021	Mar-2022	Mar-2023
Assets
Cash & Cash Equivalents	7	8	11	11	13	13	14	110	6	4
Cash Equivalents	7	8	11	11	13	13	14	110	6	4
Total Receivables	11	10	12	12	11	13	16	22	32	33
Accounts Receivables	7	6	6	6	9	7	6	11	19	29
Other Receivables	4	4	6	7	3	5	10	12	13	4
Other Current Assets	3	3	2	2	4	32	5	5	26	11
Total Current Assets	21	20	25	26	28	58	35	137	64	49
PP&E Net	2	2	3	3	2	2	13	12	11	6
PP&E Gross	2	2	3	3	2	2	13	12	0	6
Accumulated Depreciation	9	10	11	12	12	14	16	19	0	23
Intangible Assets	66	62	61	69	67	14	20	20	101	94
Goodwill	100	100	100	107	107	90	97	101	273	166
Note Receivable	0	0	0	0	0	0	0	0	10	14
Long-Term Investments	0	1	0	0	1	0	0	0	0	0
Other Long-Term Assets	6	6	5	5	4	5	6	7	4	4
Other Assets	100	100	100	107	107	90	97	101	273	166
Total Assets	196 N/A	191 -3%	194 +2%	209 +8%	210 +0%	169 -19%	171 +1%	276 +62%	463 +68%	332 -28%
Liabilities
Accounts Payable	6	7	8	9	10	11	11	12	21	19
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	29	2	4	2
Other Current Liabilities	19	20	19	20	22	22	20	22	50	40
Total Current Liabilities	25	27	28	29	32	33	59	36	75	61
Long-Term Debt	37	26	26	32	28	25	10	10	56	9
Deferred Income Tax	15	15	16	17	16	10	9	6	13	10
Other Liabilities	1	1	1	1	1	1	0	0	1	0
Total Liabilities	78 N/A	69 -11%	70 +2%	77 +10%	77 0%	68 -12%	78 +15%	52 -34%	144 +179%	81 -44%
Equity
Common Stock	83	82	79	78	78	78	79	217	337	337
Retained Earnings	36	42	45	54	55	23	14	7	16	100
Other Equity	1	1	0	0	0	0	0	1	2	15
Total Equity	118 N/A	122 +3%	124 +1%	132 +7%	133 +1%	101 -24%	93 -8%	225 +142%	319 +42%	251 -21%
Total Liabilities & Equity	196 N/A	191 -3%	194 +2%	209 +8%	210 +0%	169 -19%	171 +1%	276 +62%	463 +68%	332 -28%
Shares Outstanding
Common Shares Outstanding	16	16	15	15	15	15	15	28	44	44

mdf Commerce Inc
TSX:MDF