Financial Statements for the year ended March 31, 2013

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 Financial Position and the Statement of Operations and Agency Net Financial Position in one year may be funded through Parliamentary authorities in prior, current or future years. Accordingly, the Agency has different net results of operations for the year on a government funding basis than on an accrual accounting basis.  These differences are reconciled in the following tables:

(a) Reconciliation of net cost of operations to current year authorities used:
(in thousands of dollars) 2013 2012
Net cost of operations before government funding and transfers $ 584,469 $ 661,524
Adjustments for items affecting net cost of operations but not affecting authorities:
Amortization of tangible capital assets (10,275) (9,246)
Loss on disposal of tangible capital assets (8) (86)
Services provided without charge by other government departments (24,598) (26,230)
(Increase) decrease in vacation pay and compensatory leave (897) 1,514
Decrease in employee future benefits 19,405 11,111
Refund/adjustment of previous year’s expenditures 4,657 3,337
Increase in allowance for bad debt (1,121) -
Workforce adjustment measures 31,102 (35,000)
Other (30) (73)
Total items affecting net cost of operations but not affecting authorities 602,704 606,851
Adjustments for items not affecting net cost of operations but affecting authorities:
Acquisitions of tangible capital assets 16,867 29,589
Increase in prepaid expenses 60 -
Proceeds from disposal of Crown assets 25 60
Current year authorities used $ 619,656 $ 636,500
(b) Authorities provided and used:
(in thousands of dollars) 2013 2012
Authorities provided:
Vote 40 - Operating expenditures $        - $ 431,838
Vote 45 - Capital expenditures   - 28,373
Vote 50 - Grants and contributions - 196,986
Vote 50 - Operating expenditures 396,086 -
Vote 55 - Capital expenditures 19,501 -
Vote 60 - Grants and contributions 204,478 -
Statutory amounts 44,380 36,600
  664,445 693,797
Less:
Authorities available for future years (14) (2)
Lapsed authorities (44,775) (57,295)
Current year authorities used $ 619,656 $ 636,500

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