Annual Reports

NVD produces an audited Annual Report to unitholders and a management-prepared Semi-Annual report to unitholders. As the partnership has more than 85 unitholders, it presents its financial reports in the same format one would expect from public companies. Provided here are the annual and semi-annual reports for the past few years.

2023 Semi-Annual Report

Semi-Annual Report for the six month period ending June 30, 2023.

2022 Annual Report

Moving past difficult times: a record year for NVD Net Income.

2022 Semi-Annual Report

Semi Annual Report for the six month period ending June 30, 2022.

2021 Annual Report Cover

2021 Annual Report

A strong balance sheet and abundant opportunities.

2021 Semi-Annual Report

NVD releases semi annual results for June 30, 2021.

2020 Annual Report Cover

2020 Annual Report

COVID response defines the year.

2020 Semi-Annual Report

NVD releases semi annual results for June 30, 2020.

2019 Annual Report

Financial results for the past year were lower than expected. The River’s Reach II project was less profitable than planned and primarily delivered in the first part of 2020, meaning it had a smaller than expected positive impact on 2019 results.

2019 Semi-Annual Report

As at and for the six-month period ending June 30, 2019 with comparable results for previous periods.

2018 Annual Report

Having established a record level above $3.0 million for the first time in 2017 with the help of a one-time $700,000 extraordinary income item, the Partnersh followed up with Total Comprensive Income in excess of $2.8 million in 2018. Sustained contributions from both the Hotel and Real Estate divisions were at record levels for the year.

2018 Semi-Annual Report

As at and for the six-month period ending June 30, 2018 with comparable results for previous periods.

2017 Annual Report

In 2017 NVD posted record results in both our operating divisions and hit a new level for Net Income

2017 Semi-Annual Report

NVD strikes an optimistic tone in a semi annual report to unitholders that shares success to date and projects good things to come from the Yukon economy.

2016 Annual Report

Northern Vision Development made steady progress in 2016 despite sluggish economic forces experienced by the Yukon economy early in the year. 2016 for NVD was a solid year of doing business, employing people, returning benefit to investors and building the economy.

2016 Semi-Annual Report

We are pleased to provide unitholders with this report on the activities of Northern Vision Development Limited Partnership (“NVD” or “the Partnership”) for the first six months of 2016. Included herewith are financial statements as at and for the period ended June 30, 2016, along with the appropriate comparable results.

2015 Annual Report

Despite the tough economy, Northern Vision Development performed well in 2015. The Partnership focused on margin improvement in the Hotel Division and vacancy reduction in its Real Estate Division.

2015 Semi-Annual Report

The report for the six month period ending June 30, 2015 illustrates strong performance for the Hotels Division and a strong overall first half of the year relative to previous performance. Both Hotel and Rental Divisions posted improved results.

2014 Annual Report

During 2014 the Partnership focused on the completion of NVD Place and the full integration of Hotels it acquired in 2013.

2014 Semi-Annual Report

Stronger performance in the back half of 2014 will likely begin in the process of returning NVDLP to its traditional levels of income and cashflow performance.

2013 – Annual Report

During 2013 the Partnership focused on the leasing and sales efforts required to address vacancies in recently completed developments, the acquisition and integration of new hotels and the development of its signature NVD Place project.

2013 Semi-Annual Report

A year of transition for NVD, the 2013 Semi Annual Report highlights the high pace of acquisition and growth activity that characterized the first half of 2013.

2012 Annual Report

2012 marked the achievement of many important milestones for NVD including the completion of an important liquidity event and the completion of both River’s Reach and Waterfront Station on the Partnership’s core waterfront lands.

2012 Semi – Annual Report

The first half of 2012 saw the Partnership making impact with the completion of its first luxury residential condominium project, substantial renovations to the High Country Inn, and brisk sales performance for the Titanium Way Business Park.

2011 Annual Report

During 2011, the focus of the Partnership was on achieving operating performance gains while simultaneously embarking on a comprehensive development program aimed at unlocking asset value for unit holders.