ARCHIVED - Financial Statements For the year ended March 31, 2011

 

Notes to the Financial Statements (unaudited)

3. Parliamentary authorities

The Agency receives most of its funding through annual Parliamentary authorities. Items recognized in the statement of operations and the statement of financial position in one year may be funded through Parliamentary authorities in prior, current or future years. Accordingly, the Agency has different net result of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

  1. Reconciliation of net cost of operations to current year authorities used:
  2. Authorities provided and used:
(in dollars)
2011 2010
Net cost of operations $ 613,601,168 $ 949,878,338
 
Adjustments for items affecting net cost of operations but not affecting authorities:
Add (Less):    
Services provided without charge by other government departments (26,467,766) (25,343,567)
Amortization (8,597,874) (8,625,962)
Loss on disposal of tangible capital assets (170,395) 7,870
Employee future benefits (4,449,306) 900,308
Refund/adjustment of previous year's expenditures 12,830,440 9,802,431
Revenue not available for spending 148,489 154,232
Allowance in vacation pay and compensatory leave (326,231) (1,091,738)
  (27,032,644) (24,196,427)
 
Adjustments for items not affecting net cost of operations but affecting authorities:
Add (Less):    
Net change to accountable advances (1,882) 2,000
Proceeds on disposal of tangible capital assets 34,677 5,688
Acquisitions of tangible capital assets 31,518,774 18,495,293
  31,551,569 18,502,981
 
Current year authorities used $ 618,120,093 $ 944,184,892
(in dollars)
2011 2010
Authorities Provided:    
Vote 40 - Operating expenditures $ 438,183,735 $ 902,890,008
Vote 45 - Capital expenditures 36,773,594 18,719,853
Vote 50 - Grants and contributions 201,473,489 246,663,251
Statutory amounts 35,501,820 34,253,949
Less: 711,932,638 1,202,527,061
Lapsed operating: (93,812,545) (258,342,169)
Current year authorities used $ 618,120,093 $ 944,184,892

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