Unaudited financial statements for the period ending March 31, 2021, 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) | 2021 | 2020 |
|---|---|---|
| Net cost of operations after government funding and transfers | ($29,047) | ($15,637) |
| Change due to tangible capital assets | ||
| Acquisition of tangible capital assets (Note 11) | 77,130 | 99,141 |
| Amortization of tangible capital assets (Note 11) | (37,350) | (40,408) |
| Proceeds from disposal of tangible capital assets | (416) | (981) |
| Net loss on disposals, write-off and adjustments to tangible capital assets | (4,665) | (3,185) |
| Transfer from (to) other government departments (Note 15) | - | 281 |
| Total change due to tangible capital assets | 34,699 | 54,848 |
| Change due to inventories (Note 10) | (275) | (1,301) |
| Change due to prepaid expenses | 17,910 | (90) |
| Net increase in departmental net debt | 23,287 | 37,820 |
| Departmental net debt - Beginning of year | 357,951 | 320,131 |
| Departmental net debt - End of year | $381,238 | $357,951 |
The accompanying notes form an integral part of these financial statements.
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