Section III - Supplementary Information - DPR - 2014-15

Financial Statement Highlights

The financial information presented within this report is intended to serve as a general overview of Defence’s financial position and operations.

Department of National Defence
Condensed Statement of Operations and Departmental Net Financial Position (unaudited)
For the Year Ended March 31, 2015
(dollars)

Financial Information

2014-15
Planned Results

2014-15
Actual

2013-14
Actual(restated)

Difference
(2014-15 actual minus 2014-15 planned)

Difference
(2014-15 actual minus 2013-14 actual)

Total expenses 18,561,144,000 19,154,881,516 18,395,385,909 593,737,516 759,495,607
Total revenues 408,724,000 600,889,739 463,299,848 192,165,739 137,589,891
Net cost of operations before government funding and transfers 18,152,420,000 18,553,991,777 17,932,086,061 401,571,777 621,905,716

Department of National Defence
Condensed Statement of Financial Position (unaudited)
For the Year Ended March 31, 2015
(dollars)

2014-15

2013-14
(restated)

Difference
(2014-15
minus 2013-14)

Total net liabilities 51,173,733,806 51,611,026,114 (437,292,308)
Total net financial assets 49,004,246,523 49,748,694,031 (744,447,508)
Departmental net debt 2,169,487,283 1,862,332,083 307,155,200
Total non-financial assets 39,443,088,596 39,376,740,666 66,347,930
Departmental net financial position 37,273,601,313 37,514,408,583 (240,807,270)

Financial Statements

The Department’s financial statements 79 can be found on the National Defence website.

Tax Expenditures and Evaluations

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals, and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations 87 publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.

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