Financial Statements 2018-2019

Statement of Management Responsibility Including Internal Control Over Financial Reporting

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2019 and all information contained in these statements rests with the management of Polar Knowledge Canada (POLAR). These financial statements have been prepared by management using the Government's accounting policies, which are based on Canadian public sector accounting standards.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of POLAR’s financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in POLAR’s Departmental Results Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout POLAR and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of ICFR is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

During 2018–19, POLAR has continued to make progress towards ensuring that a risk-based departmental system of internal control over financial management is established, monitored and maintained. A multi-phase risk based assessment plan has been established. The plan is progressing from the documentation of the key internal control processes, through the design and operating effectiveness testing of controls, to the full ongoing monitoring stage.

POLAR will be subject to core control audits that are performed periodically by the Office of the Comptroller General to ensure that core controls over financial management are effective and result in compliance with corresponding legislation, policies and directives. A summary of the measures taken by POLAR to maintain an effective system of internal control resulting from the assessment plan and any core control audit recommendations will be presented in future years as required by the Treasury Board Policy on Financial Management.

The financial statements of POLAR have not been audited.

_____________________________
David J. Scott, Ph.D.
President and Chief Executive Officer
Ottawa, Canada
September 5, 2019

_____________________________
Martin Turpin
Chief Financial Officer
Cambridge Bay, Canada
September 5, 2019

Statement of Financial Position (Unaudited)

As at March 31


(in dollars)

2019
Restated
2018
Liabilities
  • Accounts payable and accrued liabilities (note 5)
4,176,810 2,896,163
  • Vacation pay and compensatory leave
350,455 243,270
  • Employee future benefits (note 6)
111,832 99,583
Total liabilities 4,639,097 3,239,016
Financial assets
  • Due from Consolidated Revenue Fund
4,021,357 2,717,692
  • Accounts receivable and advances (note 4)
431,001 327,260
Total financial assets 4,452,358 3,044,952
Departmental net debt 186,739 194,064
Non-financial assets
  • Prepaid expenses
41,410 11,969
  • Tangible capital assets (note 7)
1,905,089 1,807,160
Total non-financial assets 1,946,499 1,819,129
Departmental net financial position 1,759,760 1,625,065

Contractual obligations (note 8)

Contingent liabilities (note 9)

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

_____________________________
David J. Scott, Ph.D.
President and Chief Executive Officer
Ottawa, Canada
September 5, 2019

_____________________________
Martin Turpin
Chief Financial Officer
Cambridge Bay, Canada
September 5, 2019

Statement of Operations and Departmental Net Financial Position (Unaudited)

For the Year Ended March 31



(in dollars)
Planned
Results
2019


2019

Restated
2018
Expenses
  • Polar Science and Knowledge
19,187,775 15,882,870 16,699,247
  • Internal services
9,351,738 9,268,340 5,287,508
Total expenses 28,539,513 25,151,210 21,986,755
Revenues
  • Lease and use of public property
300,140 294,238 229,906
  • Revenues earned on behalf of Government
(300,140) (294,238) (229,906)
Total revenues - - -
Net cost of operations before government funding and transfers 28,539,513 25,151,210 21,986,755
Government funding and transfers
  • Net cash provided by Government
23,294,427 20,484,773
  • Change in due from Consolidated Revenue Fund
1,303,665 843,237
  • Services provided without charge by other government departments (note 10)
596,306 501,328
  • Transfer of assets and liabilities from other government departments (note 11)
91,507 202,217
Net cost of operations after government funding and transfers (134,695) (44,800)
Departmental net financial position - Beginning of year 1,625,065 1,580,265
Departmental net financial position - End of year 1,759,760 1,625,065

Segmented information (note 12)

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

Statement of Change in Departmental Net Debt (Unaudited)

For the Year Ended March 31


(in dollars)

2019
Restated
2018
Net cost of operations after government funding and transfers (134,695) (44,800)
Change due to tangible capital assets
  • Acquisition of tangible capital assets
256,037 -
  • Amortization of tangible capital assets (note 7)
(249,615) (238,918)
  • Adjustment to leasehold improvements (note 7)
- (1,363)
  • Transfer from other government departments (note 11)
91,507 202,217
Total change due to tangible capital assets 97,929 (38,064)
Change due to prepaid expenses 29,441 (22,334)
Net decrease in departmental net debt (7,325) (105,198)
Departmental net debt - Beginning of year 194,064 299,262
Departmental net debt - End of year 186,739 194,064

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

Statement of Cash Flows (Unaudited)

For the Year Ended March 31


(in dollars)

2019
Restated
2018
Operating activities
Net cost of operations before government funding and transfers 25,151,210 21,986,755
Non-cash items:
  • Amortization of tangible capital assets (note 7)
(249,615) (238,918)
  • Adjustment to leasehold improvements (note 7)
- (1,363)
  • Services provided without charge by other government departments (note 10)
(596,306) (501,328)
Variations in Statement of Financial Position:
  • Increase in accounts receivable and advances
103,741 142,138
  • Increase (decrease) in prepaid expenses
29,441 (22,334)
  • Increase in accounts payable and accrued liabilities
(1,280,647) (832,547)
  • Increase in vacation pay and compensatory leave
(107,185) (42,486)
  • Increase in employee future benefits
(12,249) (5,144)
Cash used in operating activities 23,038,390 20,484,773
Capital investing activities
  • Acquisition of tangible capital assets
256,037 -
Cash used in capital investing activities 256,037 -
Net cash provided by Government of Canada 23,294,427 20,484,773

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

Notes to the Financial Statements (Unaudited)

For the Year Ended March 31

  1. Authority and objectives

    Polar Knowledge Canada (POLAR) is a federal agency (departmental corporation) that was established with the coming into force of the Canadian High Arctic Research Station Act on June 1, 2015. POLAR is responsible for advancing Canada’s knowledge of the Arctic, strengthening Canadian leadership in polar science and technology, and promoting the development and distribution of knowledge of other circumpolar regions, including Antarctica. POLAR operates the Canadian High Arctic Research Station (CHARS) campus and conducts world-class cutting edge Arctic research out of this extraordinary facility.

    The Statement of Operations and Departmental Net Financial Position presents the Core responsibilities and Internal services :

    Core Responsibilities

    Polar Science and Knowledge

    Polar Knowledge Canada is Canada’s polar science agency operating out of the world-class Canadian High Arctic Research Station campus in Cambridge Bay, Nunavut. Polar Knowledge Canada performs and publishes multi-disciplinary polar research. Through its grants and contributions program, it funds external partners such as academia, northern communities and organizations who conduct research and related projects. Polar Knowledge Canada aims to include Indigenous and local knowledge wherever possible, and increases domestic and international research coordination and collaboration by leveraging resources with partners. Through workshops, conferences, social media, and other tools, Polar Knowledge Canada shares and promotes the exchange of knowledge across polar scientific and policy communities and the general public. Throughout all of its core activities, Polar Knowledge Canada aims to fund and train the next generation of polar research personnel, with a focus on northern youth.

    Internal services

    Internal Services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. Internal services include only those activities and resources that apply across an organization, and not those provided to a specific program. The groups of activities are; Management and Oversight Services, Communications Services, Legal Services, Human Resources Management Services, Financial Management Services, Information Management Services, Information Technology Services, Real Property Services, Materiel Services and Acquisition Services.

  2. Summary of significant accounting policies

    These financial statements are prepared using POLAR's accounting policies stated below, which are based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

    Significant accounting policies are as follows:

    (a) Parliamentary authorities
    POLAR is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to POLAR do not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and in the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. Note 3 provides a reconciliation between the bases of reporting. The planned results amounts in the "Expenses" and "Revenues" section of the Statement of Operations and Departmental Net Financial Position are the amounts reported in the Future-oriented Statement of Operations included in the 2018-2019 Departmental Plan. Planned results are not presented in the “Government funding and transfers” section of the Statement of Operations and Departmental Net Financial Position and in the Statement of Change in Departmental Net Debt because these amounts were not included in the 2018-2019 Departmental Plan.

    (b) Net cash provided by Government
    POLAR operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by POLAR is deposited to the CRF, and all cash disbursements made by POLAR are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.

    (c) Due from the CRF
    Amounts due from the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that POLAR is entitled to draw from the CRF without further authorities to discharge its liabilities.

    (d) Revenues
    Revenues from the lease and use of public property are recognized in the period the event giving rise to the revenues occurred.

    Revenues that are non-respendable are not available to discharge POLAR's liabilities. While the President and Chief Executive Officer is expected to maintain accounting control, he has no authority regarding the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented as a reduction of the entity's gross revenues.

    (e) Expenses

    • Transfer payments are recorded as an expense in the year the transfer is authorized and all eligibility criteria have been met by the recipient.
    • Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.
    • Services provided without charge by other government departments for employer contributions to the health and dental insurance plans are recorded as operating expenses at their carrying value.

    (f) Employee future benefits

    • Pension benefits: Eligible employees participate in the Public Service Pension Plan, a multiemployer pension plan administered by the Government. POLAR’s contributions to the Plan are charged to expenses in the year incurred and represent the total departmental obligation to the Plan. POLAR’s responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan’s sponsor.
    • Severance benefits: The accumulation of severance benefits for voluntary departures ceased for applicable employee groups. The remaining obligation for employees who did not withdraw benefits is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.
  1. Summary of significant accounting policies (continued)

    (g) Accounts receivable
    Accounts receivable are initially recorded at cost and where necessary, are discounted to reflect their concessionary terms. When necessary, an allowance for valuation is recorded to reduce the carrying value of accounts receivable to amounts that approximate their net recoverable value.

    (h) Non-financial assets
    The costs of acquiring land, buildings, equipment and other capital property are capitalized as tangible capital assets and, except for land, are amortized to expense over the estimated useful lives of the assets, as described in Note 7. All tangible capital assets and leasehold improvements having an initial cost of $10,000 or more are recorded at their acquisition cost. Tangible capital assets do not include immovable assets located on reserves as defined in the Indian Act, works of art, museum collection and Crown land to which no acquisition cost is attributable; and intangible assets.

    (i) Contingent liabilities
    Contingent liabilities, including the allowance for guarantees, are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. If the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, a provision is accrued and an expense recorded to other expenses. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.

    For guarantees, an allowance is recorded when it is determined that a loss is likely and the amount of the allowance is estimated taking into consideration the nature of the guarantee, loss experience and current conditions. The allowance is reviewed on an ongoing basis and changes in the allowance are recorded as expenses in the year they become known.

    (j) Measurement uncertainty
    The preparation of these financial statements requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets, liabilities, revenues and expenses reported in the financial statements and accompanying notes at March 31. The estimates are based on facts and circumstances, historical experience, general economic conditions and reflect the Government's best estimate of the related amount at the end of the reporting period. The most significant items where estimates are used are contingent liabilities, the liability for employee future benefits and the useful life of tangible capital assets. Actual results could significantly differ from those estimated. Management’s estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

    (k) Related party tranactions
    Related party transactions, other than inter-entity transactions, are recorded at the exchange amount. Inter-entity transactions are transactions between commonly controlled entities. Inter-entity transactions, other than restructuring transactions, are recorded on a gross basis and are measured at the carrying amount, except for the following:

    • Services provided on a recovery basis are recognized as revenues and expenses on a gross basis and measured at the exchange amount.
    • Certain services received on a without charge basis are recorded for departmental financial statement purposes at the carrying amount.
  1. Parliamentary authorities

    POLAR receives its funding through annual parliamentary authorities. Items recognized in the Statement of Operations and Departmental Net Financial Position and the Statement of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, POLAR has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

    (a) Reconciliation of net cost of operations to current year authorities used

    (in dollars) 2019 2018
    Net cost of operations before government funding and transfers 25,151,210 21,986,755
    Adjustments for items affecting net cost of operations but not affecting authorities:
    • Services provided without charge by other government departments
    (596,306) (501,328)
    • Amortization of tangible capital assets
    (249,615) (238,918)
    • Amortization of prepaid expenses
    (26,784) (34,303)
    • Increase in vacation pay and compensatory leave
    (107,185) (42,486)
    • Increase in employee future benefits
    (12,248) (5,144)
    • Refunds / Adjustments of prior years' expenditures
    116,888 364,139
    • Decrease (Increase) in accrued liabilities not charged to authorities
    24,500 (24,500)
    Total items affecting net cost of operations but not affecting authorities (850,750) (482,540)
    Adjustments for items not affecting net cost of operations but affecting authorities:
    • Variation in prepaid expenses
    56,224 11,969
    • Acquisition of tangible capital assets
    256,037 -
    • Variation in advances
    43,950 11,943
    Total items not affecting net cost of operations but affecting authorities 356,211 23,912
    Current year authorities used 24,656,671 21,528,127

    (b) Authorities provided and used

    (in dollars) 2019 2018
    Authorities provided:
    • Vote 1 - Program expenditures
    26,972,600 22,086,483
    • Statutory amounts
    956,451 759,074
    Total authorities provided 27,929,051 22,845,557
    Less:
    • Lapsed: Operating
    (3,272,380) (1,317,430)
    Current year authorities used 24,656,671 21,528,127
  1. Accounts receivable and advances

    The following table presents details of POLAR's accounts receivable and advances:


    (in dollars)

    2019
    Restated
    2018
    Accounts receivable - Other government departments and agencies 98,816 38,782
    Accounts receivable - External parties 214,594 124,088
    Employee advances 117,591 164,390
    Total accounts receivable and advances 431,001 327,260
  1. Accounts payable and accrued liabilities

    The following table presents details of POLAR's accounts payable and accrued liabilities:

    (in dollars) 2019 2018
    Accounts payable - Other government departments and agencies 1,919,577 443,794
    Accounts payable - External parties 784,918 1,222,268
    Total accounts payable 2,704,495 1,666,062
    Accrued liabilities 1,472,315 1,230,101
    Total accounts payable and accrued liabilities 4,176,810 2,896,163
  1. Employee future benefits

    (a) Pension benefits

    POLAR's employees participate in the Public Service Pension Plan (the Plan), which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Quebec Pension Plans benefits and they are indexed to inflation.

    Both the employees and POLAR contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to the Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013. Each group has a distinct contribution rate.

    The 2018-2019 expense amounts to $667,029 ($516,929 in 2017-2018). For Group 1 members, the expense represents approximately 1.01 times (1.01 times in 2017-2018) the employee contributions and, for Group 2 members, approximately 1.00 times (1.00 times in 2017-2018) the employee contributions.

    POLAR's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan's sponsor.

    (b) Severance benefits

    Severance benefits provided to POLAR's employees were previously based on an employee’s eligibility, years of service and salary at termination of employment. However, since 2011 the accumulation of severance benefits for voluntary departures progressively ceased for substantially all employees. Employees subject to these changes were given the option to be paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits upon departure from the public service. By March 31, 2019, substantially all settlements for immediate cash out were completed. Severance benefits are unfunded and, consequently, the outstanding obligation will be paid from future authorities.

    The changes in the obligations during the year are as follows:

    (in dollars) 2019 2018
    Accrued benefit obligation, beginning of year 99,583 94,439
    Expense for the year 14,299 5,144
    Benefits paid during the year (2,050) -
    Accrued benefit obligation, end of year 111,832 99,583
  1. Tangible capital assets

    Amortization of tangible capital assets is done on a straight line basis over the estimated useful like of the assets as follows:

    Asset Class Amortization Period
    Machinery and equipment 5 years
    Informatics hardware 5 years
    Informatics software 3 years
    Other equipment, including furniture 5 to 10 years
    Ships and boats 10 years
    Motor vehicles (Non-military) 4 to 7 years
    Other vehicles 10 years
    Leasehold improvements Lesser of the remaining term of lease or useful life of the improvement
    Cost Opening Balance April 1, 2018 Acquisitions Adjustments (1) Disposals and Write-Offs Closing Balance March 31, 2019
    (in dollars)
    Machinery and equipment 1,374,296 336 - - 1,374,632
    Informatics hardware - - 62,221 - 62,221
    Other equipment, including furniture 23,504 - - - 23,504
    Ships and Boats 23,400 - - - 23,400
    Motor Vehicles (Non-Military) 240,983 - 50,109 - 291,092
    Other Vehicles 22,549 255,701 - - 278,250
    Leasehold improvements 539,328 - - - 539,328
    2,224,060 256,037 112,330 - 2,592,427
    Accumulated Amortization Opening Balance April 1, 2018 Amortization Adjustments (1) Disposals and Write-Offs Closing Balance March 31, 2019
    (in dollars)
    Machinery and equipment 211,140 133,762 - - 344,902
    Informatics hardware - - 8,296 - 8,296
    Other equipment, including furniture 8,226 2,350 - 1 10,577
    Ships and Boats 7,995 2,340 - - 10,335
    Motor Vehicles (Non-Military) 126,613 54,061 12,527 (1) 193,200
    Other Vehicles 8,080 2,255 - - 10,335
    Leasehold improvements 54,846 54,847 - - 109,693
    416,900 249,615 20,823 - 687,338
    Net Book Value Opening Balance April 1, 2018 Closing Balance March 31, 2019
    (in dollars)
    Machinery and equipment 1,163,156 1,029,730
    Informatics hardware - 53,925
    Other equipment, including furniture 15,278 12,927
    Ships and Boats 15,405 13,065
    Motor Vehicles (Non-Military) 114,370 97,892
    Other Vehicles 14,469 267,915
    Leasehold improvements 484,482 429,635
    1,807,160 1,905,089

    (1) Adjustments include tangible capital assets with a net book value of $91,507 that were transferred in 2018-2019 from other government departments (refer to note 11 for further detail on the transfer).

  1. Contractual obligations

    The nature of POLAR’s activities can result in some large multi-year contracts and obligations whereby POLAR will be obligated to make future payments in order to carry out its transfer payment programs or when the services/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:


    (in dollars)

    2020

    2021

    2022

    2023
    2024 and
    subsequent

    Total
    Transfer payments 5,570,749 1,096,000 1,096,000 1,096,000 1,096,000 9,954,749
    Other obligations 2,225,196 1,091,213 318,249 287,946 801,861 4,724,465
    Total 7,795,945 2,187,213 1,414,249 1,383,946 1,897,861 14,679,214
  1. Contingent liabilities

    Claims and litigation

    Contingent liabilities arise in the normal course of operations and their ultimate disposition is unknown. No claim has been made in 2018-2019 against POLAR but a claim was paid in 2018-2019 for a claim made against POLAR in 2017-2018 for which an allowance had been set-up.

  1. Related party transactions

    POLAR is related as a result of common ownership to all government departments, agencies, and Crown corporations. Related parties also include individuals who are members of key management personnel or close family members of those individuals, and entities controlled by, or under shared control of, a member of key management personnel or a close family member of that individual.

    POLAR enters into transactions with these entities in the normal course of business and on normal trade terms.

    a) Common services provided without charge by other government departments

    During the year, POLAR received services without charge from certain common service organizations, related to the employer’s contribution to the health and dental insurance plans. These services provided without charge have been recorded at the carrying value in POLAR’s Statement of Operations and Departmental Net Financial Position as follows:

    (in dollars) 2019 2018
    Employer's contribution to the health and dental insurance plans 596,306 501,328
    Total 596,306 501,328

    The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Services and Procurement Canada and audit services provided by the Office of the Auditor General are not included in POLAR’s Statement of Operations and Departmental Net Financial Position.

    (b) Other transactions with other government departments and agencies

    (in dollars) 2019 2018
    Accounts receivable 98,816 38,782
    Accounts payable 1,919,577 443,794
    Expenses - Other government departments and agencies 6,072,941 3,495,068

    Expenses disclosed in (b) exclude common services provided without charge, which are already disclosed in (a).

  1. Transfer from other government departments

    Effective June 1, 2015, the former Canadian Polar Commission (CPC) and the former Science and Technology program at Aboriginal Affairs and Northern Development Canada (AANDC) transferred responsibility of all of its programs (CPC) and programs related to the development and implementation of CHARS (AANDC) to POLAR. The transfer was done in accordance with the Canadian High Arctic Research Act and included the stewardship responsibility for the assets and liabilities related to these programs. Accordingly, POLAR received assets from AANDC in 2018-2019:

    (in dollars) AANDC Total
    Assets
    Tangible capital assets (net book value) 91,507 91,507
    Total assets received 91,507 91,507
    Adjustment to the departmental net financial position 91,507 91,507
  1. Segmented information

    Presentation by segment is based on POLAR's core responsibility. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in note 2. The following table presents the expenses incurred and revenues for the core responsibility, by major object of expense and type of revenue. The segment results for the period are as follows:

    2019 2018

    (in dollars)
    Polar Science and Knowledge Internal services
    Total

    Total
    Transfer payments
    Other Levels of Government 6,348,679 - 6,348,679 6,307,650
    Non-profit institutions and other organizations 1,694,641 - 1,694,641 -
    Native Peoples 642,850 - 642,850 2,090,461
    Industry 226,200 - 226,200 2,021,155
    Individuals 10,000 - 10,000 10,000
    Total Transfer payments 8,922,370 - 8,922,370 10,429,266
    Operating expenses
    Salaries and employee benefits 4,632,686 3,947,684 8,580,370 6,714,766
    Professional and special services 205,375 2,386,387 2,591,762 1,145,236
    Transportation and telecommunications 1,204,671 811,247 2,015,918 1,811,966
    Rentals 33,057 1,124,223 1,157,280 1,063,094
    Repairs and maintenance 149 544,446 544,595 5,177
    Utilities, materials and supplies 231,663 279,005 510,668 290,457
    Machinery and equipment 263,216 74,864 338,080 48,451
    Amortization of tangible capital assets 194,768 54,847 249,615 238,918
    Information 177,152 45,637 222,789 179,129
    Other 17,763 - 17,763 60,295
    Total operating expenses 6,960,500 9,268,340 16,228,840 11,557,489
    Total Expenses 15,882,870 9,268,340 25,151,210 21,986,755
    Revenues
    Lease and use of public property - 294,238 294,238 229,906
    Revenues earned on behalf of Government - (294,238) (294,238) (229,906)
    Total revenues - - - -
    Net cost from continuing operations 15,882,870 9,268,340 25,151,210 21,986,755

    Explanatory note:

    The Science and Technology for the North and the Polar Knowledge Application programs have been amalgamated into a single Core Responsibility entitled Polar Science and Knowledge

  1. Restatement of previous year's results

    POLAR has found an error in the amount reported as accounts receivable in the financial statements for the year ended March 31, 2018 while preparing the financial statements for the year ended March 31, 2019.

    The effect of the resulting retroactive adjustments are as follows:

    (in dollars) 2018 As previously stated Effect of the adjustment 2018 Restated
    Statement of Financial Position
    Accounts receivable and advances 169,973 157,287 327,260
    Total financial assets 2,887,665 157,287 3,044,952
    Departmental net debt 351,351 (157,287) 194,064
    Departmental net financial position 1,467,778 157,287 1,625,065
    Statement of Operations and Departmental Net Financial Position
    Net cash provided by Government 20,327,486 157,287 20,484,773
    Net cost of operations after government funding and transfers 112,487 (157,287) (44,800)
    Departmental net financial position - End of year 1,467,778 157,287 1,625,065
    Statement of Change in Departmental Net Debt
    Net cost of operations after government funding and transfers 112,487 (157,287) (44,800)
    Net increase (decrease) in departmental net debt 52,089 (157,287) (105,198)
    Departmental net debt- End of year 351,351 (157,287) 194,064
    Statement of Cash Flow
    Increase (decrease) in accounts receivable and advances (15,149) 157,287 142,138
    Cash used in operating activities 20,327,486 157,287 20,484,773
    Net cash provided by Government of Canada 20,327,486 157,287 20,484,773
    Note 4 Accounts receivable and advances
    Employee advances 7,103 157,287 164,390
    Total accounts receivable and advances 169,973 157,287 327,260
  1. Comparative information

    Comparative figures have been reclassified to conform to the current year's presentation.

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