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)
| 2018 | 2017 | |
|---|---|---|
| Net cost of operations after government funding and transfers | $17,476 | $4,913 |
| 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.