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:

(in dollars)
  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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