ARCHIVED - Financial Statements For the year ended March 31, 2009
Notes to the Financial Statement (unaudited)
9. Related party transactions
The agency is related as a result of common ownership to all Government of Canada departments, agencies, and Crown corporations. The agency enters into transactions with these entities in the normal course of business and on normal trade terms. Also, during the year, the agency received services which were obtained without charge from other Government departments as presented in part (a).
(a) Services provided without charge
During the year the agency received services without charge from other departments. These services without charge have been recognized in the agency's Statement of Operations as follows:
|Employer's contribution to the health and dental insurance plans||15,093,085||11,134,396|
The Government has structured some of its administrative activities for efficiency and cost-effectiveness purposes so that one department performs these on behalf of all without charge. The costs of these services, which include payroll and cheque issuance services provided by Public Works and Government Services Canada, are not included as an expense in the agency's Statement of Operations.
(b) Payables and receivables outstanding at year-end with related parties:
|Accounts receivable with other government departments and agencies||4,159,285||8,125,095|
|Accounts payable to other government departments and agencies||4,303,960||7,372,774|
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