Consolidated Financial Information for Crown Corporations (Annual Report 2017-2018; 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 20,896 10,254 10,642 0 27,793 27,793 24,880 2,913 2,893 6,231 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Annual report ending on Mar. 31 1,097,578 7,966,676 -6,869,098 826,295 91,454 917,749 783,290 134,459 134,459 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Annual report ending on Dec. 31 111,100,300 110,604,700 495,600 0 1,666,900 1,666,900 691,200 975,700 937,700 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Annual report ending on Mar. 31 27,809,166 21,049,963 6,759,203 0 340,643 1,376,695 558,432 818,263 777,731 20,618,832 0 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Annual report ending on Mar. 31 460,458 136,204 324,254 258,514 53,487 312,001 262,742 49,259 49,259 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Annual report ending on Mar. 31 4,382,613 2,060,272 2,322,341 0 581,530 581,530 494,964 86,566 86,362 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Annual report ending on Dec. 31 602,901 163,381 439,520 0 188,597 188,597 92,245 96,352 67,925 0 91,000 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Annual report ending on Mar. 31 1,229,123 635,674 593,449 0 284,610 284,610 234,433 50,177 37,755 469,507 0 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Annual report ending on Dec. 31 267,115,000 249,374,000 17,741,000 3,229,000 7,492,000 10,721,000 8,918,000 1,803,000 1,426,000 238,156,000 2,675,000 IFRS Yes
43 Canada Pension Plan Investment Board N/A  31-Mar Annual report ending on Mar. 31 431,941,000 75,807,000 356,134,000 0 39,931,000 39,931,000 3,192,000 36,739,000 36,739,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Annual report ending on Dec. 31 8,481,000 8,835,000 -354,000 0 8,245,000 8,245,000 8,046,000 144,000 -49,000 1,038,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Annual report ending on Mar. 31 596,486 618,959 -22,473 706,023 15,669 721,692 727,325 -5,633 -17,266 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Annual report ending on Mar. 31 1,989,316 1,459,642 529,674 1,207,749 610,583 1,818,332 1,830,896 -12,564 85,623 322,895 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Annual report ending on Mar. 31 7,135,190 7,111,619 23,571 0 2,413,179 2,413,179 2,418,525 -5,346 -5,343 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Annual report ending on July 31 239,219 204,628 34,591 3,881 315,457 319,338 309,815 9,523 -1,377 160,434 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Annual report ending on Mar. 31 317,921 308,753 9,168 28,975 10,885 39,860 39,554 306 306 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Annual report ending on Mar. 31 323,423 256,784 66,639 80,256 28,617 108,873 108,042 831 831 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Annual report ending on Mar. 31 28,331 16,170 12,161 10,059 3,298 13,357 12,591 766 766 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Annual report ending on Mar. 31 205,680 209,834 -4,154 33,547 9,693 43,240 41,038 2,202 2,202 25,972 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Annual report ending on Mar. 31 29,620 167 29,453 0 3,415 3,415 830 2,585 2,585 4 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Annual report ending on Dec. 31 48,799 27,419 21,380 99,570 27,595 127,165 125,559 1,606 1,606 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Annual report ending on Mar. 31 51,300 46,102 5,198 0 102,359 102,359 105,532 -3,173 -3,173 243 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Annual report ending on Dec. 31 60,120,000 50,080,000 10,040,000 0 2,299,000 2,299,000 1,302,000 997,000 1,063,000 47,268,000 786,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Annual report ending on Mar. 31 35,317,933 29,257,397 6,060,536 0 1,357,653 1,357,653 687,735 669,918 627,329 28,899,341 308,300 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Annual report ending on Mar. 31 439,699 202,275 237,424 3,359 42,887 46,246 49,220 -2,974 -641 70,903 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Annual report ending on Apr. 30 56,953 38,799 18,154 0 76,330 76,330 68,013 8,317 3,233 26,775 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Annual report ending on Dec. 31 13,378 14,226 -848 0 30,283 30,283 29,588 695 786 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Annual report ending on Mar. 31 89,393 65,436 23,957 139,952 63,544 203,496 205,706 -2,210 -2,210 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Annual report ending on Mar. 31 654,392 95,062 559,330 170,129 1,524 171,653 129,896 41,757 41,757 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Annual report ending on Dec. 31 43,794 14,357 29,438 0 95,017 95,017 94,709 308 308 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Annual report ending on Mar. 31 623,777 115,073 508,704 146,758 112,615 259,373 237,207 22,166 22,166 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Annual report ending on Aug. 31 Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available PSAS-GNFPO No
219 National Capital Commission Consolidated 31-Mar Annual report ending on Mar. 31 810,709 162,809 647,900 89,630 48,858 138,488 132,638 5,850 5,850 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Annual report ending on Mar. 31 102,664 100,378 2,286 48,094 19,734 67,828 70,479 -2,651 -2,651 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Annual report ending on Mar. 31 316,566 303,350 13,216 34,021 13,180 47,201 47,259 -58 -58 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Annual report ending on Dec. 31 22,976 13,793 9,183 0 85,795 85,795 86,541 -746 -775 2,199 0 IFRS Yes
272 PPP Canada Consolidated 31-Mar Annual report ending on Mar. 31 0 0 0 5,900 588 6,488 13,889 -7,401 -7,401 0 3,405 PSAS Yes
281 Public Sector Pension Investment Board N/A  31-Mar Annual report ending on Mar. 31 179,139,000 26,145,000 152,994,000 0 14,420,000 14,420,000 909,000 13,511,000 13,511,000 12,193,000 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Annual report ending on Dec. 31 430,412 107,385 323,027 0 179,724 179,724 56,930 122,794 121,348 13,287 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Annual report ending on Dec. 31 377,795 249,569 128,226 0 1,692,562 1,692,562 1,645,920 46,642 36,070 19,501 93,200 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Annual report ending on Mar. 31 9,649 5,363 4,286 13,828 10,548 24,376 23,940 436 436 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Annual report ending on Mar. 31 Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available PSAS No
334 VIA Rail Canada Inc. Consolidated 31-Dec Annual report ending on Dec. 31 1,351,217 1,464,732 -113,515 361,378 377,438 738,816 725,717 13,099 22,519 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Annual report ending on Mar. 31 627,377 90,941 536,436 216,979 4,601 221,580 96,946 124,634 124,634 0 0 PSAS Yes
TBD Canada Infrastructure Bank N/A  31-Mar Annual report ending on Mar. 31 9,905 9,863 42 2,248 42 2,290 2,290 42 42 0 0 IFRS 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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Table 1 Note 14

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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