Unaudited financial statements for the period ending March 31, 2022, Environment and Climate Change Canada, chapter 2

Statement of Financial Position (Unaudited)

As at March 31

Liabilities
(in thousands of dollars)	2022	2021
Accounts payable and accrued liabilities (Note 4)	$643,132	$652,946
Vacation pay and compensatory leave	60,649	66,652
Deferred revenue (Note 6)	45,880	42,990
Lease obligation for tangible capital assets (Note 7)	5,532	6,467
Employee future benefits (Note 8)	20,764	23,839
Environmental liabilities (Note 5)	178,441	199,631
Provision for contingent liabilities (Note 13)	22,592	22,379
Other liabilities	9,830	1,444
Total liabilities	986,820	1,016,348
Financial assets
Due from Consolidated Revenue Fund	623,022	626,037
Accounts receivable and advances (Note 9)	38,575	226,357
Total gross financial assets	661,597	852,394
Financial assets held on behalf of Government Accounts receivable and advances (Note 9)	(17,743)	(217,284)
Total net financial assets	643,854	635,110
Departmental net debt	342,966	381,238
Non-financial assets
Prepaid expenses	20,553	18,640
Inventory (Note 10)	25,309	23,962
Tangible capital assets (Note 11)	566,477	516,195
Total non-financial assets	612,339	558,797
Departmental net financial position	$269,373	$177,559

Contractual obligations and contractual rights (Note 12)

Contingent liabilities and contingent assets (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)
Linda Drainville, CPA, CFF, CFE
Chief Financial Officer

Gatineau, Canada
Date: