JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Prepared by Management) (Unaudited) - USD ($)	Feb. 28, 2017	Aug. 31, 2016
Current assets
Cash	$ 2,018,532	$ 4,519,922
Accounts receivable, net of allowance of $1,308 (August 31, 2016 - $Nil)	4,547,741	3,342,204
Inventory, net of allowance of $167,057 (August 31, 2016 - $176,717)	8,886,243	8,069,017
Prepaid expenses	807,693	832,895
Prepaid income taxes	149,487	596
Total current assets	16,409,696	16,764,634
Property, plant and equipment, net	3,175,002	2,954,595
Intangible assets, net	114,190	150,543
Total assets	19,698,888	19,869,772
Current liabilities
Accounts payable	302,684	839,972
Accrued liabilities	1,049,803	1,473,792
Total current liabilities	1,352,487	2,313,764
Deferred tax liability	26,813	31,353
Total liabilities	1,379,300	2,345,117
Contingent liabilities and commitments	0	0
Stockholders' equity
Capital stock Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value Issued 2,286,294 common shares (August 31, 2016 - 2,286,294)	1,078,759	1,078,759
Additional paid-in capital	600,804	600,804
Retained earnings	16,640,025	15,845,092
Total stockholders' equity	18,319,588	17,524,655
Total liabilities and stockholders' equity	$ 19,698,888	$ 19,869,772

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.