Consolidated Financial Information for Crown Corporations (Second Quarter 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 Q2 ending on June 30 13,860 7,167 6,693 0 11,157 11,157 11,017 140 140 0 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Q2 ending on Sept. 30 1,151,225 8,482,433 (7,331,208) 330,316 67,485 397,801 376,930 20,871 20,871 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Q2 ending on Jun. 30 104,079,000 103,588,900 490,100 0 839,100 839,100 279,800 559,300 401,400 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Q2 ending on Sept. 30 24,123,322 18,716,877 5,406,445 0 613,222 613,222 407,342 205,880 127,259 18,345,006 68,649 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Q2 ending on Sept. 30 392,367 110,731 281,636 123,300 5,118 128,418 138,423 (10,005) (10,005) 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Q2 ending on Sept. 30 3,638,594 1,461,087 2,177,507 0 230,140 230,140 168,642 61,498 61,241 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Q2 ending on Jun. 30 664,468 187,374 477,094 0 78,051 78,051 42,098 35,953 23,940 0 0 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Q2 ending on Sept. 30 888,074 401,013 487,061 0 106,380 106,380 79,224 27,156 19,685 314,994 6,500 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Q2 ending on Jun. 30 254,319,000 233,981,000 20,338,000 1,052,000 3,544,000 4,596,000 3,740,000 856,000 699,000 225,043,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Q2 ending on Sept. 30 379,652,000 79,104,000 300,548,000 0 19,043,000 19,043,000 1,294,000 17,749,000 17,749,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Q2 ending on Jun. 30 8,310,000 11,201,000 (2,891,000) 0 3,999,000 3,999,000 3,955,000 44,000 (1,766,000) 1,069,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Q2 ending on Sept. 30 540,691 578,986 (38,295) 327,134 2,379 329,513 334,249 (4,736) (16,829) 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Q2 ending on Sept. 30 1,734,134 1,559,752 174,382 479,189 291,431 770,620 786,678 (16,058) (170,741) 373,165 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Q2 ending on Sept. 30 4,473,556 4,445,517 28,039 1,755 1,218,506 1,220,261 1,220,891 (630) (630) 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Q2 ending on Jan. 31 115,884 71,335 44,549 1,921 203,634 205,555 191,594 13,961 13,961 33,330 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Q2 ending on Sept. 30 335,959 335,296 663 14,313 5,714 20,027 19,848 179 179 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Q2 ending on Sept. 30 326,758 254,831 71,927 37,169 10,387 47,556 44,549 3,007 3,007 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Q2 ending on Sept. 30 31,439 20,269 11,170 5,131 1,598 6,729 6,089 640 640 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Q2 ending on Sept. 30 198,745 205,490 (6,745) 15,776 4,949 20,725 19,581 1,144 1,144 27,250 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Q2 ending on Sept. 30 29,245 154 29,091 0 3,223 3,223 547 2,676 2,676 5 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Q2 ending on Jun. 30 38,456 13,458 24,998 34,701 8,120 42,821 34,771 8,050 8,050 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Q2 ending on Sept. 30 62,189 34,530 27,659 0 47,798 47,798 50,694 (2,896) (2,896) 337 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Q2 ending on Jun. 30 61,241,000 52,251,000 8,990,000 0 1,128,000 1,128,000 700,000 428,000 325,000 48,414,000 500,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Q2 ending on Sept. 30 31,831,405 26,184,552 5,646,853 0 588,194 588,194 285,583 302,611 292,605 25,975,920 0 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Q2 ending on Sept. 30 415,923 171,043 244,880 2,825 24,577 27,402 21,444 5,958 6,077 82,470 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Q2 ending on Oct. 31 59,875 44,286 15,589 0 39,534 39,534 34,599 4,935 3,701 30,282 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 5,097 6,787 (1,690) 0 7,523 7,523 8,433 (910) (910) 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Q2 ending on Sept. 30 81,778 63,970 17,808 58,500 32,672 91,172 91,203 (31) (31) 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Q2 ending on Sept. 30 645,176 154,483 490,692 146,162 628 146,790 117,517 29,273 29,273 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 38,981 11,537 27,444 0 40,577 40,577 40,724 (146) (146) 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Q2 ending on Sept. 30 562,022 88,191 473,831 27,271 70,186 97,457 112,871 (15,414) (15,414) 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Q2 ending on Feb. 28 185,639 187,555 (1,916) 20,298 15,390 35,688 36,222 (533) (533) 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Q2 ending on Sept. 30 808,189 158,809 649,380 41,786 19,025 60,811 59,537 1,274 1,274 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Q2 ending on Sept. 30 108,223 98,564 9,659 24,745 6,338 31,083 30,618 465 465 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Q2 ending on Sept. 30 140,088 126,425 13,663 16,012 4,808 20,820 20,430 390 390 4,533 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 26,655 14,934 11,721 0 35,777 35,777 37,796 (2,019) (2,019) 2,754 0 IFRS Yes
272 PPP Canada Consolidated 31-Mar Q2 ending on Sept. 30 1,402,769 1,396,546 6,223 5,900 741 6,641 5,707 934 934 0 0 PSAS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Q2 ending on Jun. 30 279,186 83,836 195,350 0 24,553 24,553 26,596 (2,043) (7,603) 24,142 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Q2 ending on Jun. 30 395,615 128,681 266,934 0 1,547,628 1,547,628 1,522,363 25,265 22,108 34,507 31,000 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Q2 ending on Sept. 30 10,923 5,237 5,686 4,980 4,885 9,865 9,518 347 347 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Q2 ending on Sept. 30 76,390 35,964 40,426 45,114 15,532 60,646 46,328 14,318 14,318 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Q2 ending on Jun. 30 1,363,661 1,614,819 (251,158) 190,325 148,094 338,419 331,380 7,039 (137,283) 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Q2 ending Sept. 30 276,492 44,765 231,727 125,018 308 125,326 13,366 111,960 111,960 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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