ARCHIVED - Financial Statements For the year ended March 31, 2010
Notes to the Financial Statement (unaudited)
10. 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).
- Common Services provided without charge by other government departments:
During the year the department received without charge from other Agency, accommodation, legal fees, worker's compensation and the employer's contribution to the health and dental insurance plans. These services without charge have been recognized in the department's Statement of Operations as follows:
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, which include payroll and cheque issuance services provided by Public Works and Government Services Canada, are not included in the department's Statement of Operations.
- Other transactions with related parties:
|Accommodation||$ 8,354,835||$ 6,194,238|
|Employer's contribution to the health and dental insurance plans||16,988,732||15,093,085|
|Accounts receivable with other government departments and agencies||$ 1,249,545||$ 4,159,285|
|Accounts payable to other government departments and agencies||8,346,821||4,303,960|
|Expenses - Other Government departments and agencies||44,082,482||33,326,997|
|Revenues - Other Government departments and agencies||56,676||80,819|
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