Total liabilities were $6.835M at the end of 2010-2011.  This represents an increase of $1.663M (32 percent) over the previous year’s total liabilities of $5.172M.  The a.ccounts payable and accrued liabilities represented the largest portion of liabilities, at $3.392M, or 50 percent of the total. Employee severance benefits represented a slightly smaller portion of the total liabilities, at $2.65M, or 39 percent. Vacation pay and compensatory pay and accrued employee salaries accounted for seven percent and four percent of total liabilities, respectively.