Unaudited financial statements for the period ending March 31, 2020, Environment and Climate Change Canada, chapter 2

Statement of financial position (unaudited)

As at March 31

(in thousands of dollars) 2020 2019
Liabilities
Accounts payable and accrued liabilities (Note 4) $454,352 $438,738
Vacation pay and compensatory leave 51,353 42,244
Deferred revenue (Note 6) 35,473 26,606
Lease obligation for tangible capital assets (Note 7) 7,353 8,192
Employee future benefits (Note 8) 27,266 26,555
Environmental liabilities (Note 5) 206,022 213,611
Provision for contingent liabilities (Note 13) 22,293 150
Other liabilities 71 526
Total liabilities 804,183 756,622
Financial assets
Due from Consolidated Revenue Fund 431,809 420,054
Accounts receivable and advances (Note 9) 30,154 30,535
Total gross financial assets 461,963 450,589
Financial assets held on behalf of Government
Accounts receivable and advances (Note 9) (15,731) (14,098)
Total net financial assets 446,232 436,491
Departmental net debt 357,951 320,131
Non-financial assets
Prepaid expenses 730 820
Inventory (Note 10) 24,237 25,538
Tangible capital assets (Note 11) 481,496 426,648
Total non-financial assets 506,463 453,006
Departmental net financial position $148,512 $132,875

Contractual obligations and contractual rights (Note 12)

Contingent liabilities and contingent asset (Note 13)

The accompanying notes form an integral part of these financial statements

(Original signed by)
T. Christine Hogan
Deputy Minister

Gatineau, Canada
Date:

(Original signed by)
Carol Najm
Chief Financial Officer

Gatineau, Canada
Date:

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