As at December 31,
Note 2013 2012 
ASSETS
Non‑current assets
Investment properties [5] $1,476,116 $1,354,665
Investments in joint ventures [6]  11,469  10,289
Property and equipment [7]  4,527  4,574
Other non‑current assets  17  45
 1,492,129  1,369,573
Current assets
cash  27,678  56,726
rent and other receivables [8]  2,751  3,767
inventory [9]  570  762
other current assets [10]  9,303  12,300
 40,302  73,555
TOTAL ASSETS $1,532,431 $1,443,128
EQUITY AND LIABILITIES
shareholders’ equity $590,724 $575,335
Non‑controlling interest  13,336  13,101
Total Equity  604,060  588,436
Non‑current liabilities
mortgages and loans payable [12]  545,541  519,712
Convertible debentures [14]  96,419  94,924
Other liabilities  2,171  2,427
Deferred tax [21]  93,221  83,871
 737,352  700,934
Current liabilities
mortgages and loans payable [12]  153,589  105,369
Construction loans [13]  14,775  14,062
subordinated debentures [15]  ‑  9,998
Accounts payable and other liabilities [11]  22,655  24,329
 191,019  153,758
Total Liabilities  928,371  854,692
TOTAL EQUITY AND LIABILITIES $1,532,431 $1,443,128
See accompanying notes to the consolidated financial statements.
commitments (note 26)
Guarantees (note 27)
approved on Behalf of the Board
  
Director Director
Consolidated Statements of Financial Position
in thousands of Canadian dollars
66 Killam ProPerties inc | 2013