Consolidated Financial Information for Crown Corporations (Annual Report 2016-2017; 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 14,695 6,946 7,749 0 24,093 24,093 22,896 1,197 1,194 3,782 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Annual Report ending on Mar. 31 1,070,286 8,052,500 (6,982,214) 784,133 115,597 899,730 515,456 384,274 384,274 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Annual Report ending on Dec. 31 106,106,000 105,619,000 487,000 0 1,654,000 1,654,000 589,100 1,064,900 1,057,600 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Annual Report ending on Mar. 31 25,316,765 19,377,470 5,939,295 0 1,265,774 1,265,774 800,958 464,816 536,518 18,976,827 68,649 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Annual Report ending on Mar. 31 424,247 121,398 302,849 222,574 16,663 239,237 234,394 4,843 4,843 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Annual Report ending on Mar. 31 3,845,053 1,609,074 2,235,979 0 460,677 460,677 341,109 119,568 119,713 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 647,287 184,692 462,595 0 175,218 175,218 86,123 89,095 60,441 0 51,000 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Annual Report ending on Mar. 31 1,187,218 631,524 555,694 0 507,942 507,942 391,061 116,881 88,318 442,438 6,500 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 259,532,000 238,542,000 20,990,000 2,153,000 7,006,000 9,159,000 7,340,000 1,819,000 1,351,000 229,061,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Annual Report ending on Mar. 31 381,190,000 64,513,000 316,677,000 0 36,273,000 36,273,000 2,834,000 33,439,000 33,439,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 7,792,000 8,096,000 (304,000) 0 7,891,000 7,891,000 7,777,000 114,000 822,000 1,059,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Annual Report ending on Mar. 31 580,463 585,670 (5,207) 673,157 7,368 680,525 685,794 (5,269) 16,259 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 1,928,732 1,484,681 444,051 1,099,085 556,920 1,656,005 1,724,411 (68,406) (70,768) 339,736 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 5,664,608 5,635,694 28,914 3,510 2,653,721 2,657,231 2,656,987 244 245 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Annual Report ending on Jul. 31 Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming IFRS TBD
81 Canadian Museum for Human Rights Consolidated 31-Mar Annual Report ending on Mar. 31 326,062 317,211 8,851 38,228 10,792 49,020 40,649 8,371 8,371 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Annual Report ending on Mar. 31 332,425 264,945 67,480 77,888 21,136 99,024 97,909 1,115 1,115 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Annual Report ending on Mar. 31 30,009 18,626 11,383 9,978 2,838 12,816 12,040 776 776 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Annual Report ending on Mar. 31 203,842 210,198 (6,356) 31,699 9,879 41,578 40,045 1,533 1,533 26,845 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Annual Report ending on Mar. 31 29,976.9 207.6 29,769.3 0 4,533.2 4,533 1,413.4 3,119.8 3,119.8 4.9 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Annual Report ending on Dec. 31 40,591 20,835 19,756 81,476 21,242 102,718 99,284 3,434 3,434 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Annual Report ending on Mar. 31 52,872 36,373 16,499 0 96,685 96,685 102,612 (5,927) (5,556) 314 8,500 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Annual Report ending on Dec. 31 63,124,000 53,361,000 9,763,000 0 2,072,000 2,072,000 1,000,000 1,072,000 1,098,000 49,259,000 500,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Annual Report ending on Mar. 31 33,014,272 27,272,958 5,741,314 0 1,198,719 1,198,719 572,844 625,875 655,437 26,924,171 268,300 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Annual Report ending on Mar. 31 434,332 196,630 237,702 3,135 43,611 46,746 47,406 (660) (1,101) 80,037 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Annual Report ending on Apr. 30 51,901 36,980 14,921 0 77,247 77,247 69,631 7,616 3,033 23,574 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 11,357.7 12,991.4 (1,633.7) 0 25,887.7 25,887.7 26,715.4 (827.7) 854.1 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Annual Report ending on Mar. 31 92,617 66,450 26,167 147,474 66,724 214,198 205,870 8,328 8,328 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 663,399 145,826 517,572.9 286,199 1,211.5 287,410 231,256.5 56,153.5 56,153.5 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 42,859 13,729 29,130 0 91,430 91,430 89,890 1,540 1,540 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 591,552 110,282 481,270 98,801 113,917 212,718 220,445 (7,727) (7,727) 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Annual Report ending on Aug. 31 Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming PSAS-GNFPO TBD
219 National Capital Commission Consolidated 31-Mar Annual Report ending on Mar. 31 Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming Forthcoming PSAS TBD
224 National Gallery of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 102,820 97,883 4,937 46,507 26,062 72,569 76,826 (4,257) (4,257) 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Annual Report ending on Mar. 31 197,945 184,671 13,274 31,476 7,798 39,274 39,273 1 1 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 23,557 13,599 9,958 0 76,552 76,552 80,330 (3,778) (3,772) 2,574 0 IFRS Yes
272 PPP Canada Consolidated 31-Mar Annual Report ending on Mar. 31 1,278,591 1,271,190 7,401 11,800 2,407 14,207 12,095 2,112 2,112 0 0 PSAS Yes
281 Public Sector Pension Investment Board N/A 31-Mar Annual Report ending on Mar. 31 158,973,000 23,411,000 135,562,000 0 15,913,000 15,913,000 730,000 15,183,000 15,179,000 10,807,000 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Annual Report ending on Dec. 31 295,129 93,450 201,679 0 61,428 61,428 67,045 (5,617) (1,291) 20,578 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Annual Report ending on Dec. 31 444,097 258,741 185,356 0 2,639,047 2,639,047 2,606,109 32,938 31,047 27,006 31,000 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 10,100.3 6,250.5 3,849.8 10,515.4 9,825.2 20,340.6 21,830 (1,489) (1,489) 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Annual Report ending on Mar. 31 75,774 49,189 26,585 97,454 28,803 126,257 125,780 477 477 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Annual Report ending on Dec. 31 1,349,367 1,485,401 (136,034) 369,820 334,588 704,408 695,934 8,474 (22,159) 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Annual Report ending on Mar. 31 481,408 64,715 416,693 339,553 1,297 340,850 40,298 300,552 300,552 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”. TBD indicates the report is forthcoming and has yet to be published.

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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 corporation.
  • 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.
  • As per section 151 (1) of the FAA, TBS shall, as soon as feasible after the end of each fiscal quarter of each fiscal year, make public a consolidated quarterly report on the business and activities of all parent Crown corporations, based on the quarterly financial reports that have been made public under subsection 131.1(3), and the annual reports of those corporations that were laid before Parliament under subsection 150(1), in that fiscal quarter. Given that not all Crown corporations share the same year-end or due to unforeseen circumstances, some reports are not available at the time of publishing and shall be published during the next fiscal quarter update.
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