Unaudited financial statements for the period ending March 31, 2019, 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)
| 2019 |
2018 | |
|---|---|---|
| Net cost of operations after government funding and transfers | $9,168 |
$17,476 |
| 2019 |
2018 | |
|---|---|---|
| Acquisition of tangible capital assets (Note 11) | 80,495 |
62,495 |
| Amortization of tangible capital assets (Note 11) | (40,463) |
(49,640) |
| Proceeds from disposal of tangible capital assets | (964) |
(653) |
| Net loss on disposals, write-off and adjustments to tangible capital assets | (4,174) |
(3,302) |
| Transfer from (to) other government departments (Note 15) | (78) |
2 |
| Total change due to tangible capital assets | 34,816 |
8,902 |
| 2019 |
2018 | |
|---|---|---|
| Change due to inventories (Note 10) | (359) |
(2,966) |
| Change due to prepaid expenses | (257) |
87 |
| Net increase in departmental net debt | 43,368 |
23,499 |
| 2019 |
2018 | |
|---|---|---|
| Departmental net debt - beginning of year | 267,137 |
243,638 |
| Departmental net debt - end of year | $310,505 |
$267,137 |
The accompanying notes form an integral part of these financial statements.
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