Unaudited Financial Statements for the period ending March 31, 2018: Environment and Climate Change Canada, chapter 4

Statement of Change in Departmental Net Debt (Unaudited)

For the year ended March 31 (in thousands of dollars)

Net cost of operations after government funding and transfers
  2018 2017
Net cost of operations after government funding and transfers $17,476 $4,913
Change due to tangible capital assets
  2018 2017
Acquisition of tangible capital assets (Note 11) 62,495 59,930
Amortization of tangible capital assets (Note 11) (49,640) (44,891)
Proceeds from disposal of tangible capital assets (653) (1,069)
Net loss on disposals, write-off and adjustments to tangible capital assets (3,302) (6,523)
Transfer to/from other government departments (Note 15) 2 (198)
Total change due to tangible capital assets 8,902 7,249
  2018 2017
Change due to inventories (Note 10) (2,966) 13,513
Change due to prepaid expenses 87 (87)
Net increase in departmental net debt 23,499 25,588
  2018 2017
Departmental net debt - Beginning of year 243,638 218,050
Departmental net debt - End of year $267,137 $243,638
The accompanying notes form an integral part of these financial statements.
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