Archived: Departmental Performance Report 2013-14, Environment Canada, chapter 5
Section III: Supplementary Information
Financial Statements Highlights
The financial highlights presented on the following pages offer an overview of Environment Canada’s Statement of Operations, Departmental Net Financial Position, and Statement of Financial Position.
The detailed Unaudited Departmental Financial Statements can be found on Environment Canada’s website.
2013-14 Planned Results | 2013-14 Actual | 2012-13 Actual | Difference (2013-14 actual minus 2013-14 planned) | Difference (2013-14 actual minus 2012-13 actual) | |
---|---|---|---|---|---|
Total expenses | 1,117,123,012 | 1,136,478,168 | 1,099,229,288 | 19,355,156 | 37,248,880 |
Total revenues | 65,548,695 | 90,284,519 | 84,947,059 | 24,735,824 | 5,337,460 |
Net cost of operations before government funding and transfers* | 1,051,574,317 | 1,046,193,649 | 1,015,397,939 | (5,380,668) | 30,795,710 |
Departmental net financial position | 218,922,000 | 175,438,300 | 143,642,114 | (43,483,700) | 31,796,186 |
* In 2012-13, the net cost of operations before government funding and transfers includes $1,115,710 in expenses deemed to have been recorded by Shared Services Canada.
Expenses by Strategic Outcomes
Total departmental expenses by Strategic Outcomes amounted to $1,136.5 million for 2013-14 ($1,099.2 million for 2012-13). The increase of $37.2 million or 3.4% is mostly due to increased payments in lieu of severance, and retroactive salaries and wages for the renewal of collective agreements. This increase has been offset by the completion of the Fast Start Financing Initiative under the Copenhagen Accord and Species at Risk Program.
See Note 15 of the Departmental Financial Statements for further breakdown of expenditures - Segmented information by Standard Objects and Strategic Outcomes.
Text description of figure
Strategic Outcome | Percentage | Expenses |
---|---|---|
SO 1: Canada’s Natural environment is conserved and restored for present and future generations | 33.4% | $379.7 million |
SO 2: Canadians are equipped to make informed decisions on changing weather, water and climate conditions | 25.7% | $292.3 million |
SO 3: Threats to Canadians and their environment from pollution are minimized | 24.3% | $276.4 million |
Internal Services | 16.5% | $188.0 million |
Total | 100.0% | $1,136.5 million |
Revenues by Type
Total revenues amounted to $90.3 million for 2013-14 ($84.9 million for 2012-13). This amount excludes $14.5 million of revenues earned on behalf of government. The majority of the revenue in 2013-14 is derived from Environment Canada’s Strategic Outcome 2: Canadians are equipped to make informed decisions on changing weather, water and climate conditions, and comprises items such as ocean disposal permit applications, meteorological services, hydraulics laboratory and ocean disposal monitoring fees.
The increase of $5.3 million or 6.4% in Environment Canada’s net revenues in 2013-14 is due to oil sands monitoring activities.
See Note 15 of the Departmental Financial Statements for further breakdown of revenues - Segmented information by type and Strategic Outcomes.
Text description of figure
Revenue | Percentage | Amount |
---|---|---|
Sales of goods and information products | 48.1% | $43.4 million |
Lease and use of public property | 1.7% | $1.6 million |
Services of a regulatory nature | 5.1% | $4.6 million |
Services of a non-regulatory nature | 39.3% | $35.5 million |
Other revenues | 5.7% | $5.2 million |
Total | 100% | $90.3 million |
2013-14 | 2012-13 | Difference (2013-14 minus 2012-13) |
|
---|---|---|---|
Total net liabilities | 340,429,458 | 419,224,819 | (78,795,361) |
Total net financial assets | 130,434,381 | 163,722,250 | (33,287,869) |
Departmental net debt | 209,995,077 | 255,502,569 | (45,507,492) |
Total non-financial assets | 385,433,577 | 399,144,013 | (13,710,436) |
Departmental net financial position | 175,438,500 | 143,641,444 | 31,797,056 |
Liabilities by Type
Total liabilities were $340.4 million at the end of 2013-14. This represents a decrease of $78.8 million or 18.8% from the previous year’s total liabilities of $419.2 million. The accounts payable and accrued liabilities and environmental liabilities represent the largest component of liabilities at $230.2 million (67.6% of total liabilities) in 2013-14.
The decrease in Environment Canada’s total net liabilities valuation is mainly attributable to:
- A decrease of $23.8 million in accounts payable and accrued liabilities, attributed mostly to a reduction of the payables at year-end;
- A decrease of $46.8 million in liabilities related to employee future benefits, explained by the abolition of severance pay in some classifications;
- A decrease of $9.8 million in environmental liabilities due to new reporting requirements to disclose discounted amounts.
See Notes 4 to 7 and Notes 11 and 12 of the Departmental Financial Statements for more details - Accounts payable and accrued liabilities; Deferred revenue; Lease obligation for tangible capital assets; Employee future benefits; Contractual obligations; Contingent liabilities.
Text description of figure
Liability | Percentage | Amount |
---|---|---|
Accounts payable and accrued liabilities | 35.1% | $119.3 million |
Vacation pay and compensatory leave | 8.8% | $30.1 million |
Deferred revenue | 2.1% | $7.3 million |
Lease obligation for tangible capital assets | 3.5% | $11.8 million |
Employee future benefits | 8.1% | $27.5 million |
Environmental liabilities | 32.6% | $110.9 million |
Other liabilities | 9.9% | $33.6 million |
Total | 100.0% | $340.4 million |
Assets by Type
Total net financial assets ($130.4 million) and non-financial assets ($385.4 million), together valued/totalled at $515.9 million, have decreased by $47 million or 8.3% in 2013-14. The tangible capital assets continue to represent the largest component of assets at $375.8 million (72.8% of total assets) in 2013-14.
The decrease in Environment Canada’s total net assets valuation is mainly attributable to:
Financial Assets
- A decrease of $23 million due from the Consolidated Revenue Fund; and
- A decrease of $10.6 million in accounts receivable and advances mainly due to the invoicing for the Oil Sands Monitoring Plan.
Non-Financial Assets
- A decrease of $13.8 million in tangible capital assets.
See Notes 8 to 10 of the Departmental Financial Statements for more details - Accounts receivable and advances; Inventory; Tangible Capital Assets.
Text description of figure
Asset | Percentage | Amount |
---|---|---|
Due from Consolidated Revenue Fund | 21.7% | $112.1 million |
Accounts receivable and advances | 3.6% | $18.4 million |
Non-financial assets | 74.7% | $385.4 million |
Total | 100.0% | $515.9 million |
Financial Statements
Environment Canada’s unaudited financial statements are prepared in accordance with Treasury Board Secretariat policies that are based on Canadian public sector accounting standards and, therefore, are different from appropriation-based reporting, which is reflected in Sections I and II of this report. Sections I and II are prepared on a modified cash basis, not an accrual basis. A reconciliation between Parliamentary Appropriations used (modified cash basis) and the Net Cost of Operations (accrual basis) is set out in Notes 2 and 3 of Environment Canada’s Unaudited Financial Statements on Environment Canada’s website.
Supplementary Information Tables
The following tables are provided electronically at Environment Canada’s website as part of the Department’s 2013-14 DPR:
- Departmental Sustainable Development Strategy;
- Details on Transfer Payment Programs;
- Horizontal Initiatives;
- Internal Audits and Evaluations;
- Response to Parliamentary Committees and External Audits;
- Sources of Respendable and Non-Respendable Revenue;
- Status Report on Transformational and Major Crown Projects;
- Status Report on Projects Operating with Specific Treasury Board Approval;
- Up-front Multi-year Funding; and
- User Fees Reporting.
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 publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations 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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