Consolidated Financial Information for Crown Corporations (Second Quarter 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 Q2 ending on June 30 18,601 10,291 8,310 0 12,174 12,174 11,613 561 561 6,545 0  IFRS  Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Q2 ending on Sept. 30 1,193,188 8,215,713 (7,022,525) 302,870 38,848 341,718 366,679 (24,961) (24,961) 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Q2 ending on Jun. 30 109,931,800 109,431,200 500,600 0 803,200 803,200 301,600 501,600 418,400 0 0  IFRS  Yes
20 Business Development Bank of Canada Enterprise 31-Mar Q2 ending on Sept. 30 26,626,480 20,258,400 6,368,080 0 808,458 808,458 371,493 436,965 449,149 19,902,905 0 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Q2 ending on Sept. 30 453,641 118,380 335,261 150,000 28,432 178,432 123,698 54,734 54,734 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Q2 ending on Sept. 30 4,114,688 1,810,548 2,304,140 0 288,992 288,992 220,798 68,194 68,161 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Q2 ending on Jun. 30 674,045 170,759 503,286 0 101,866 101,866 44,993 56,873 40,691 0 0  IFRS  Yes
40 Canada Lands Company Limited Enterprise 31-Mar Q2 ending on Sept. 30 1,190,753 601,989 588,764 0 153,042 153,042 108,492 44,550 33,070 450,874 0 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Q2 ending on Jun. 30 264,713,000 247,260,000 17,453,000 2,114,000 3,586,000 5,700,000 4,685,000 1,015,000 608,000 234,057,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A  31-Mar Q2 ending on Sept. 30 394,166,000 66,000,000 328,166,000 0 9,526,000 9,526,000 1,468,000 8,058,000 8,058,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Q2 ending on Jun. 30 8,218,000 9,326,000 (1,108,000) 0 4,069,000 4,069,000 3,933,000 136,000 (804,000) 1,049,000 0  IFRS  Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Q2 ending on Sept. 30 566,487 568,268 (1,781) 346,553 7,509 354,062 358,990 (4,928) 3,426 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Q2 ending on Sept. 30 1,967,545 1,513,816 453,729 531,284 277,998 809,282 784,607 24,675 9,678 338,885 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Q2 ending on Sept. 30 6,761,585 6,736,005 25,580 0 1,241,817 1,241,817 1,245,151 (3,334) (3,334) 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Q2 ending on Jan. 31 129,629 88,165 41,464 1,868 172,755 174,623 169,127 5,496 5,496 48,303 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Q2 ending on Sept. 30 323,094 313,321 9,773 14,517 5,791 20,308 19,378 930 930 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Q2 ending on Sept. 30 321,649 251,852 69,797 39,368 16,707 56,075 52,086 3,989 3,989 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Q2 ending on Sept. 30 29,537 17,269 12,268 5,206 1,952 7,158 6,241 917 917 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Q2 ending on Sept. 30 201,266 205,695 (4,429) 16,515 4,779 21,294 19,367 1,927 1,927 26,419 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Q2 ending on Sept. 30 29,742 22 29,719 0 600 600 336 265 265 4 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Q2 ending on Jun. 30 54,459 20,418 34,041 45,618 9,428 55,046 40,877 14,169 14,169 0 0  PSAS  Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Q2 ending on Sept. 30 50,467 37,173 13,294 0 49,845 49,845 53,050 (3,205) (3,205) 278 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Q2 ending on Jun. 30 60,831,000 51,472,000 9,359,000 0 1,145,000 1,145,000 747,000 398,000 382,000 48,074,000 786,000  IFRS  Yes
147 Farm Credit Canada Enterprise 31-Mar Q2 ending on Sept. 30 34,661,277 28,906,582 5,754,695 0 623,436 623,436 281,074 342,362 321,607 28,554,974 308,300 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Q2 ending on Sept. 30 447,121 207,783 239,338 2,279 23,068 25,347 23,425 1,922 1,636 76,558 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Q2 ending on Oct. 31 61,495 42,346 19,149 0 40,535 40,535 34,788 5,747 4,228 26,342 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 4,835 6,804 (1,969) 0 9,091 9,091 9,426 (335) (335) 252 0  IFRS  Yes
186 International Development Research Centre Consolidated 31-Mar Q2 ending on Sept. 30 89,517 74,318 15,199 56,375 36,102 92,477 103,445 (10,968) (10,968) 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Q2 ending on Sept. 30 662,946 117,048 545,898 96,833 634 97,467 69,143 28,324 28,324 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 40,769 12,636 28,133 0 43,323 43,323 44,319 (997) (997) 0 0  IFRS  Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Q2 ending on Sept. 30 572,479 91,287 481,192 44,599 72,357 116,956 117,754 (798) (798) 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Q2 ending on Feb. 28 285,646 291,241 (5,595) 24,005 20,970 44,975 45,497 (522) (522) 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Q2 ending on Sept. 30 807,181 162,541 644,640 44,446 24,034 68,480 65,890 2,590 2,590 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Q2 ending on Sept. 30 97,050 94,112 2,938 24,488 6,341 30,829 32,828 (1,999) (1,999) 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Q2 ending on Sept. 30 261,138 247,352 13,786 15,684 4,622 20,306 19,794 512 512 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Q2 ending on Jun. 30 24,852 15,676 9,176 0 40,510 40,510 41,205 (695) (695) 2,385 0  IFRS  Yes
272 PPP Canada Consolidated 31-Mar Q2 ending on Sept. 30 Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available Not available PSAS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Q2 ending on Jun. 30 314,382 111,868 202,514 0 34,340 34,340 28,255 6,085 836 16,955 0  IFRS  Yes
294 Royal Canadian Mint Enterprise 31-Dec Q2 ending on Jun. 30 415,668 242,736 172,932 0 902,426 902,426 883,139 19,287 16,576 27,006 29,000  IFRS  Yes
312 Standards Council of Canada Consolidated 31-Mar Q2 ending on Sept. 30 7,738 4,487 3,251 5,353 4,963 10,316 10,915 (599) (599) 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Q2 ending on Sept. 30 82,654 35,154 47,500 51,288 13,053 64,341 43,426 20,915 20,915 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Q2 ending on Jun. 30 1,346,269 1,537,785 (191,516) 192,240 159,113 351,353 357,511 (6,158) (55,482) 0 0  IFRS  Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Q2 ending on Sept. 30 604,904 143,108 461,796 87,172 2,796 89,968 32,007 57,961 57,961     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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