Consolidated Financial Information for Crown Corporations (Annual Report 2015-2016; in thousands of dollars)

OrgID Crown corporation Type of Crown corporation
table 1 note 1
Financial year-end
table 1 note 2
Reporting period Total assets
table 1 note 3
Total liabilities
table 1 note 4
Total equity
table 1 note 5
Appropriations
table 1 note 6
Revenues (third parties)
table 1 note 7
Total revenues
table 1 note 8
Total expenses
table 1 note 9
Net income (loss)
table 1 note 10
Total comprehensive income (loss)
table 1 note 10
Borrowings
table 1 note 11
Dividends
table 1 note 12
Accounting standard
table 1 note 13
Published
table 1 note 14
13 Atlantic Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 13,980 7,425 6,555 0 22,673 22,673 23,224 (551) (587) 4,217 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Annual Report ending on Mar. 31 990,513 12,057,075 (11,066,562) 391,579 222,452 614,031 754,019 (139,988) (139,916) 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Annual Report ending on Dec. 31 101,146,900 100,648,700 498,200 0 1,764,300 1,764,300 588,500 1,175,800 1,238,400 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Annual Report ending on Mar. 31 22,905,903 17,556,384 5,349,519 0 1,255,649 1,255,649 717,918 537,731 494,078 17,198,309 62,888 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Annual Report ending on Mar. 31 361,838 81,093 280,745 182,224 22,477 204,701 192,871 11,830 11,830 646 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Annual Report ending on Mar. 31 3,425,213 1,308,947 2,116,266 0 405,373 405,373 89,982 315,391 315,639 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 638,054 184,900 453,154 0 2,329,734 2,329,734 62,649 2,267,085 398,159 0 3,731,115 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Annual Report ending on Mar. 31 912,680 438,804 473,876 0 315,398 315,398 269,068 46,330 34,015 335,053 10,000 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 252,107,000 232,468,000 19,639,000 2,049,000 7,428,000 9,477,000 7,513,000 1,964,000 1,457,000 223,352,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Annual Report ending on Mar. 31 348,415,000 69,474,000 278,941,000 0 11,774,000 11,774,000 2,643,000 9,131,000 9,131,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 7,720,000 8,844,000 (1,124,000) 0 8,023,000 8,023,000 7,887,000 136,000 887,000 1,135,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Annual Report ending on Mar. 31 481,259 502,725 (21,466) 611,911 4,741 616,652 624,170 (7,518) (12,578) 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 1,871,256 1,526,133 345,123 1,026,929 528,643 1,555,572 1,619,565 (63,993) (31,248) 389,484 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 3,815,768 3,787,099 28,669 8,880 2,902,681 2,911,561 2,903,498 8,063 7,968 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Annual Report ending on Jul. 31 144,960 114,372 30,588 3,689 245,931 249,620 225,169 24,451 18,507 98,222 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Annual Report ending on Mar. 31 342,375 341,895 480 27,023 11,517 38,540 45,521 (6,981) (6,981) 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Annual Report ending on Mar. 31 333,011 264,351 68,660 76,313 18,989 95,302 92,552 2,750 2,750 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Annual Report ending on Mar. 31 30,966 20,705 10,261 9,819 2,534 12,353 12,823 (470) (470) 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Annual Report ending on Mar. 31 200,172 208,061 (7,889) 30,971 8,958 39,929 39,026 903 903 27,636 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Annual Report ending on Mar. 31 28,491 428 28,064 0 1,171 1,171 1,433 (262) (262) 0 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Annual Report ending on Dec. 31 34,964 17,996 16,968 58,779 14,817 73,596 68,905 4,691 4,691 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Annual Report ending on Mar. 31 61,127 30,572 30,555 0 87,971 87,971 92,328 (4,357) (451) 289 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Annual Report ending on Dec. 31 60,969,000 51,804,000 9,165,000 0 2,013,000 2,013,000 1,088,000 925,000 949,000 47,071,000 0 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Annual Report ending on Mar. 31 29,950,905 24,596,834 5,354,071 0 1,190,242 1,190,242 574,747 615,495 589,543 24,368,007 90,380 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Annual Report ending on Mar. 31 388,746 149,943 238,803 10,000 40,165 50,165 44,650 5,515 5,756 88,312 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Annual Report ending on Apr. 30 49,697 37,809 11,888 0 74,421 74,421 69,276 5,145 1,536 24,561 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 11,210 11,990 (780) 0 25,554 25,554 25,983 (429) (352) 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Annual Report ending on Mar. 31 89,291 71,452 17,839 183,478 79,621 263,099 265,785 (2,686) (2,686) 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 603,215 141,796 461,419 245,347 1,607 246,954 230,949 16,006 16,006 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 39,184 11,594 27,590 0 86,229 86,229 82,597 3,632 3,632 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 587,814 103,925 483,889 350,999 109,461 460,460 237,479 222,981 222,981 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Annual Report ending on Aug. 31 155,523 156,905 (1,382) 41,547 29,959 71,506 71,713 (207) (207) 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Annual Report ending on Mar. 31 796,307 148,201 648,106 90,377 33,200 123,577 121,250 2,327 2,327 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 105,276 96,082 9,194 49,200 59,877 109,077 108,030 1,047 1,047 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Annual Report ending on Mar. 31 113,283 100,010 13,273 30,839 5,613 36,452 36,094 358 358 4,533 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 26,860 13,130 13,730 0 73,016 73,016 77,411 (4,395) (4,595) 2,939 0 IFRS Yes
272 PPP Canada Consolidated 31-Mar Annual Report ending on Mar. 31 1,423,396 1,418,107 5,289 11,800 968 12,768 13,164 (396) (396) 0 0 PSAS Yes
281 Public Sector Pension Investment Board N/A 31-Mar Annual Report ending on Mar. 31 131,660,000 14,899,000 116,761,000 0 1,369,000 1,369,000 566,000 803,000 807,000 8,851,000 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Annual Report ending on Dec. 31 305,114 102,144 202,970 0 94,305 94,305 159,292 (64,987) (63,387) 27,655 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Annual Report ending on Dec. 31 438,804 162,978 275,826 0 2,979,148 2,979,148 2,979,652 (504) (4,991) 34,513 53,000 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 11,272 5,933 5,339 10,195 9,520 19,715 20,639 (924) (924) 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Annual Report ending on Mar. 31 69,126 43,018 26,108 95,454 25,745 121,199 120,264 935 935 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Annual Report ending on Dec. 31 1,357,093 1,470,968 (113,875) 362,594 297,938 660,532 651,300 9,232 44,922 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Annual Report ending on Mar. 31 150,382 33,069 117,313 135,381 744 136,125 28,622 107,503 107,503 0 0 PSAS Yes

Notes to the Consolidated Financial Report

Table 1 Note 1

For the purposes of Public Accounts, Crown corporations are classified in two groups: Enterprise and Consolidated. The consolidated Crown corporations rely on government funding as their principal source of revenue, whereas the enterprise Crown corporations do not rely on government funding to sustain their operations. There are, however, a couple of reporting exemptions. Although a Crown corporation, Canada Pension Plan Investment Board, manages on behalf of the Canada Pension Plan, funds that do not belong to the government, therefore, it is considered external (N/A) to the government reporting entity. The Public Sector Pension Investment Board is exempt (N/A) from the requirement to publicly disclose quarterly financial information. This information is only provided on March 31st, on an annual basis.

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Table 1 Note 2

Crown corporations have different calendar and financial year-ends, as is most appropriate for their operating environment.

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Table 1 Note 3

Total assets (both short-term and long-term) represent all assets reported by the corporation in its audited financial statements or non-audited quarterly financial report (i.e. cash, equipment, etc.).

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Table 1 Note 4

Total liabilities (both short-term and long-term) represent all liabilities reported by the corporation (i.e. payables, borrowings and other obligations).

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Table 1 Note 5

Equity (also referred to as “accumulated surplus or deficit”) includes share capital, contributed surplus, retained earnings, accumulated other comprehensive income and non-controlling interests, where applicable. Under Public Sector Accounting Standards for government-controlled not-for-profit organizations (PSAS-GNFPO), the equity may be referred to as “net assets” and it may include unrestricted and restricted assets, net assets invested in capital assets and other accumulated remeasurement gains (losses).

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Table 1 Note 6

Budgetary appropriations refer to parliamentary funding for capital and operating purposes recognized as revenue in the Statement of Operations. The appropriations may also include deferred capital funding amortized and recognized on the same basis and over the same periods as the related property, equipment and intangible assets.

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Table 1 Note 7

Revenues (third parties) include the revenues generated from the sale of goods and services, the investment income, other income and gains (i.e. revaluation gains, etc.). It may also include other funding (excluding budgetary appropriations) recognized as revenue or income.

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Table 1 Note 8

Total revenues include the third party revenues (or self-generated revenues, as defined above) and budgetary appropriations in respect of the current year’s operations.

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Table 1 Note 9

Expenses include cost of goods sold or cost of sales, operating and administrative expenses, other expenses and losses (i.e. revaluation losses, etc.), where applicable. The expenses do not include income taxes or final payments to provincial milk boards and agencies by the Canadian Dairy Commission or to fishers by the Freshwater Fish Marketing Corporation.

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Table 1 Note 10

Net income (loss) represents before-tax income or loss (where applicable), whereas the total comprehensive income (loss) includes other comprehensive income and any extraordinary items (i.e. income tax paid). In some cases, net income or other comprehensive income have been defined as the “excess of parliamentary appropriations over cost of operations”, “surplus”, “net result”, or as the “excess of proceeds over expenditures”. The figures presented match the reported figures directly (slight variances may exist due to rounding).

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Table 1 Note 11

Borrowings (with the third party and the government, as applicable) include both short- and long-term borrowings as of the reporting quarter. These include loans, advances from the Government of Canada and other debt-like instruments.

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Table 1 Note 12

Equity transactions with the government include dividends that were paid (not declared) during the year (year-to-date amounts). Dividends may be paid by the corporation to the Government of Canada before or after the corporation’s year-end. For the Bank of Canada, the reported dividend amounts represent the remittance of ascertained surplus to the Receiver General for Canada.

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Table 1 Note 13

Crown corporations use different reporting standards (International Financial Reporting Standards (IFRS), Public Sector Accounting Standards (PSAS) or Public Sector Accounting Standards for government-controlled not-for-profit organizations (PSAS-GNFPO)). No conversion to one or the other reporting standard was done for the purposes of presenting the financial information.

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A yes indicates the Crown Corporation has complied with the FAA 65.1 (3) “The appropriate Minister shall cause the report to be made public within 60 days after the end of the fiscal quarter to which the report relates”.

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  • Total revenues (both self-generated revenues and budgetary appropriations), net income, total comprehensive income and dividends are cumulative as of the second quarter and onwards for each reporting year.

  • The financial statements do not always display the same information consistently; therefore, certain values have been adjusted or could not be directly linked to the reporting category in order to provide a meaningful basis for comparison between the Crown corporations.

  • The data presented reflect most Crown corporations. Where data could not be included, an explanation has been provided.

  • When comparing individual Crown corporations’ reports with the data presented here, note that a corporation may have restated, after the fact, certain financial data to reflect changes in its accounting policies. No attempt has been made to apply such changes to the data in this report.

  • The annual report’s financial data reported based on published Crown corporation’s annual reports was presented for information purposes including the cumulative results generated during the year.

  • The data presented was derived from the annual reports or quarterly financial reports found on the listed Crown Corporation’s website for the period presented.

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