Corporate Policy & Financial Information-ipad

Corporate Policy & Financial Information

In this section you will find documents related to the Beer Store's Corporate Policies and Financial Information.

Financial Statements

The Company is a party to a Master Framework Agreement (MFA) with the Province of Ontario dated September 22, 2015. Pursuant to the MFA, the Company entered into a shareholders’ agreement dated January 1, 2016. Under the terms of the Shareholders Agreement, the Company operates on a self-sustaining, break-even cash flow basis. Due to differences in the timing of accounting revenue and expenses compared to net cash flows, the Company may report an operating loss for accounting purposes despite full funding of operating cash requirements. Any excess or shortfall of the Company’s cash revenue versus cash costs is refunded or charged on a pro rata basis to all brewers that sell product through the Company. The Board of Directors of the Company determines the amount and timing of payments brewers are entitled to receive from or refund to the Company to maintain cash flow neutrality.