Public Health Agency of Canada 2012–13 Departmental Performance Report
Condensed Statement of Operations and Departmental Net Financial Position
|2012–13 Planned Results (Restated)Table 1 - Footnote *||2012–13 Actual||2011–12 Actual
(Restated)Table 1 - Footnote *
(2012–13 Planned vs. Actual)
(2012–13 Actual vs. 2011–12 Actual)
|Note: All figures are rounded.|
|Net cost of operations before government funding and transfers||650.5||584.5||661.5||66.0||(77.0)|
Total revenues for 2012–13 Planned Results have been restated to the correct amount of $0.1M. The Departmental net financial position for 2011–12 Actual has been restated due to a reinterpretation of the application of Treasury Board Accounting Standards as they relate to the calculation of amounts due from the Consolidated Revenue Fund.
The $66.0M change between Planned Results vs. Actual Expenses is mostly due to savings achieved through reduced spending on management and administration, travel, and professional services, as well as administrative efficiencies in delivering grants and contributions programs. The $73.8M change between 2012–13 vs. 2011–12 Actual Expenses is mostly due to a decrease in salaries and employee benefits resulting from workforce adjustment costs expensed in the prior year, and a decrease in costs associated with the accumulation and liquidation of severance pay due to changes in some collective agreements, as well as savings achieved through the implementation of business transformation initiatives and administrative efficiencies.
The Agency receives most of its funding through annual parliamentary appropriations. Almost all revenue generated from Programs is non-respendable and earned on behalf of Government. All cash received by the Agency is deposited to the Consolidated Revenue Fund, and all cash disbursements made by the Agency are paid from it.
(Restated)Table 2 - Footnote *
|Note: All figures are rounded.|
|Total net liabilities||120.7||142.2||(21.5)|
|Total net financial assets||93.8||64.5||29.3|
|Departmental net debt||26.9||77.7||(50.8)|
|Total non-financial assets||127.9||120.6||7.3|
|Departmental net financial position||101.0||42.9||58.1|
Text Equivalent - Assets by Type
|Assets by Type||2012-13|
|Due from consolidated revenue fund||41%|
|Accounts receivable and advances||1%|
|Tangible capital assets||58%|
Text Equivalent - Liability by Type
|Liability by Type||2012-13|
|Accounts payable and accrued liabilities||79%|
|Vacation pay and compensatory leave||8%|
|Employee severance benefits||11%|
Total assets were $221.7M, an increase of 20% ($36.7M) in comparison to the previous year’s total of $185.0M. The increase was primarily due to the increased amount required from the consolidated revenue fund for liabilities. Due from consolidated revenue fund represented $90.3M (41%); accounts receivable and advances represented $3.5M (1%); and tangible capital assets represented $127.9M (58%) of total assets.
Total liabilities were $120.7M, a decrease of 15% ($21.4M) in comparison to the previous year’s total of $142.2M. The decrease was primarily due to the cessation and payments of severance benefits arising from changes to collective bargaining agreements. Accounts payable and accrued liabilities represented $94.9M (79%); vacation pay and compensatory leave represented $9.5M (8%); employee severance benefits represented $13.8M (11%); and other liabilities represented $2.5M (2%) of total liabilities.
The Agency’s 2012–13 Financial Statements are available online.
All electronic supplementary information tables listed in the 2012–13 Departmental Performance Report can be found on the Agency’s Web site:
- Details on Transfer Payment Programs
- Greening Government Operations
- Horizontal Initiatives
- Internal Audits and Evaluations
- Response to Parliamentary Committees and External Audits
- Sources of Respendable and Non-Respendable Revenue
- Status Report on Projects Operating with Specific Treasury Board Approval
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.
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