ARCHIVED - Financial Statements For the year ended March 31, 2010
Notes to the Financial Statement (unaudited)
11. Adoption of new accounting policies
During the year, Public Health Agency adopted the revised Treasury Board accounting policy TBAS 1.2: Departmental and Agency Financial Statements which is effective for the Department for the 2009-10 fiscal year. The major change in the accounting policies of the Department required by the adoption of the revised TBAS 1.2 is the recording of amounts due from the Consolidated Revenue Fund as an asset on the Statement of Financial Position.
The adoption of the new Treasury Board accounting policies have been accounted for retroactively with the following impact on comparatives for 2008-2009:
2009 As previously stated |
Effect of changes | 2009 Restated |
|
---|---|---|---|
Statement of Financial Position: | |||
Assets | $73,927,460 | $85,391,337 | $159,318,797 |
Equity of Canada | (69,643,941) | 85,391,337 | 15,747,396 |
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