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).

  1. 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.
  2. Other transactions with related parties:
(in dollars)
  2010       2009      
Accommodation $  8,354,835 $  6,194,238
Employer's contribution to the health and dental insurance plans 16,988,732 15,093,085
Legal services 0 338,561
  $25,343,567 $21,625,884
(in dollars)
  2010       2009      
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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