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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