Unaudited financial statements for the period ending March 31, 2020, 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) 2020 2019
Net cost of operations after government funding and transfers ($15,637) $18,794
Change due to tangible capital assets
Acquisition of tangible capital assets (Note 11) 99,141 80,495
Amortization of tangible capital assets (Note 11) (40,408) (40,463)
Proceeds from disposal of tangible capital assets (981) (964)
Net loss on disposals, write-off and adjustments to tangible capital assets (3,185) (4,174)
Transfer from (to) other government departments (Note 15) 281 (78)
Total change due to tangible capital assets 54,848 34,816
Change due to inventories (Note 10) (1,301) (359)
Change due to prepaid expenses (90) (257)
Net increase in departmental net debt 37,820 52,994
Departmental net debt - Beginning of year 320,131 267,137
Departmental net debt - End of year $357,951 $320,131

The accompanying notes form an integral part of these financial statements.

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