Consolidated Financial Information for Crown Corporations
(First Quarter 2019-2020; 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 | Period Ended Mar-31 | 22,963.00 | 10,852.00 | 12,111.00 | 0 | 6,190.00 | 6,190.00 | 6,430.00 | (240.00) | (240.00) | 5,442.00 | 0 | IFRS | Yes |
| 14 | Atomic Energy of Canada Limited | Consolidated | 31-Mar | Period Ended Jun-30 | 1,245,997.00 | 7,955,231.00 | (6,709,234.00) | 144,540.00 | 31,818.00 | 176,358.00 | 164,845.00 | 11,513.00 | 11,513.00 | 0 | 0 | PSAS | Yes |
| 15 | Bank of Canada | Enterprise | 31-Dec | Period Ended Mar-31 | 114,373,200.00 | 113,846,100.00 | 527,100.00 | 0 | 458,800.00 | 458,800.00 | 126,400.00 | 332,400.00 | 234,900.00 | 0 | 0 | IFRS | Yes |
| 20 | Business Development Bank of Canada | Enterprise | 31-Mar | Period Ended Jun-30 | 31,365,688.00 | 23,606,943.00 | 7,758,745.00 | 0 | 525,761.00 | 525,761.00 | 302,798.00 | 222,963.00 | 131,460.00 | 22,897,615.00 | 128,400.00 | IFRS | Yes |
| 29 | Canada Council for the Arts | Consolidated | 31-Mar | Period Ended Jun-30 | 510,354.00 | 222,974.00 | 287,380.00 | 113,000.00 | 8,764.00 | 121,764.00 | 169,429.00 | (47,665.00) | (47,665.00) | 0 | 0 | PSAS | Yes |
| 30 | Canada Deposit Insurance Corporation | Enterprise | 31-Mar | Period Ended Jun-30 | 5,229,138.00 | 2,021,464.00 | 3,207,674.00 | 0 | 186,370.00 | 186,370.00 | (35,978.00) | 222,348.00 | 222,348.00 | 0 | 0 | IFRS | Yes |
| 31 | Canada Development Investment Corporation | Enterprise | 31-Dec | Period Ended Mar-31 | 7,007,087.00 | 6,686,992.00 | 320,095.00 | 0 | 151,365.00 | 151,365.00 | 169,626.00 | (18,261.00) | 24,056.00 | 4,790,000.00 | 0 | IFRS | Yes |
| Canada Infrastructure Bank | Consolidated | 31-Mar | Period Ended Jun-30 | 791,995.00 | 8,059.00 | 783,936.00 | 235,150.00 | 2,648.00 | 237,798.00 | 5,150.00 | 232,648.00 | 232,648.00 | 0 | 0 | IFRS | Yes | |
| 40 | Canada Lands Company Limited | Enterprise | 31-Mar | Period Ended Jun-30 | 1,229,466.00 | 613,148.00 | 616,318.00 | 0 | 48,332.00 | 48,332.00 | 40,642.00 | 7,690.00 | 7,690.00 | 424,053.00 | 0 | IFRS | Yes |
| 42 | Canada Mortgage and Housing Corporation | Enterprise | 31-Dec | Period Ended Mar-31 | 269,976,000.00 | 255,025,000.00 | 14,951,000.00 | 777,000.00 | 2,026,000.00 | 2,803,000.00 | 2,409,000.00 | 394,000.00 | 575,000.00 | 244,511,000.00 | 675,000.00 | IFRS | Yes |
| 43 | Canada Pension Plan Investment Board | N/A | 31-Mar | Period Ended Jun-30 | 505,046,000.00 | 104,420,000.00 | 400,626,000.00 | 0 | 4,922,000.00 | 4,922,000.00 | 772,000.00 | 4,150,000.00 | 4,150,000.00 | 0 | 0 | IFRS | Yes |
| 44 | Canada Post Corporation | Enterprise | 31-Dec | Period Ended Mar-30 | 10,499,000.00 | 11,439,000.00 | (940,000.00) | 0 | 2,181,000.00 | 2,181,000.00 | 2,152,000.00 | 29,000.00 | (766,000.00) | 997,000.00 | 0 | IFRS | Yes |
| 51 | Canadian Air Transport Security Authority | Consolidated | 31-Mar | Period Ended Jun-30 | 674,584.00 | 727,525.00 | (52,941.00) | 194,053.00 | 4,530.00 | 198,583.00 | 202,811.00 | (4,228.00) | (29,302.00) | 0 | 0 | IFRS | Yes |
| 53 | Canadian Broadcasting Corporation | Consolidated | 31-Mar | Period Ended Jun-30 | 2,106,363.00 | 1,567,910.00 | 538,453.00 | 274,224.00 | 114,100.00 | 388,324.00 | 400,734.00 | (12,410.00) | (181,739.00) | 274,259.00 | IFRS | Yes | |
| 68 | Canadian Commercial Corporation | Consolidated | 31-Mar | Period Ended Jun-30 | 81,674.00 | 60,739.00 | 20,935.00 | 0 | 6,540.00 | 6,540.00 | 6,954.00 | (414.00) | (414.00) | 0 | 0 | IFRS | Yes |
| 61 | Canadian Dairy Commission | Consolidated | 31-Jul | Period Ended Oct-31 | 126,096.00 | 99,809.00 | 26,287.00 | 898.00 | 117,641.00 | 118,539.00 | 118,378.00 | 161.00 | 161.00 | 73,386.00 | 0 | IFRS | Yes |
| 81 | Canadian Museum for Human Rights | Consolidated | 31-Mar | Period Ended Jun-30 | 301,799.00 | 291,934.00 | 9,865.00 | 7,859.00 | 2,939.00 | 10,798.00 | 10,532.00 | 266.00 | 266.00 | 0 | 0 | PSAS-GNFPO | Yes |
| 82 | Canadian Museum of History | Consolidated | 31-Mar | Period Ended Jun-30 | 313,930.00 | 244,759.00 | 69,171.00 | 20,240.00 | 5,599.00 | 25,839.00 | 25,227.00 | 612.00 | 612.00 | 0 | 0 | PSAS-GNFPO | Yes |
| 84 | Canadian Museum of Immigration at Pier 21 | Consolidated | 31-Mar | Period Ended Jun-30 | 27,171.00 | 13,958.00 | 13,213.00 | 2,520.00 | 880.00 | 3,400.00 | 3,264.00 | 136.00 | 136.00 | 0 | 0 | PSAS-GNFPO | Yes |
| 85 | Canadian Museum of Nature | Consolidated | 31-Mar | Period Ended Jun-30 | 199,943.00 | 200,967.00 | (1,024.00) | 8,505.00 | 2,860.00 | 11,365.00 | 10,236.00 | 1,129.00 | 1,129.00 | 0 | 0 | PSAS-GNFPO | Yes |
| 92 | Canadian Race Relations Foundation | Consolidated | 31-Mar | Period Ended Jun-30 | 30,411.16 | 141.53 | 30,269.63 | 0 | 288.64 | 288.64 | 231.25 | 57.39 | 57.39 | 0 | 0 | PSAS-GNFPO | Yes |
| 97 | Destination Canada | Consolidated | 31-Dec | Period Ended Mar-31 | 47,643.00 | 19,935.00 | 27,708.00 | 22,444.00 | 3,574.00 | 26,018.00 | 20,231.00 | 5,787.00 | 5,787.00 | 0 | 0 | PSAS | Yes |
| 119 | Defence Construction (1951) Limited | Consolidated | 31-Mar | Period Ended Jun-30 | 61,686.00 | 50,255.00 | 11,431.00 | 0 | 30,535.00 | 30,535.00 | 30,988.00 | (453.00) | (453.00) | 0 | 0 | IFRS | Yes |
| 146 | Export Development Canada | Enterprise | 31-Dec | Period Ended Mar-31 | 67,415,000.00 | 57,966,000.00 | 9,449,000.00 | 0 | 733,000.00 | 733,000.00 | 674,000.00 | 59,000.00 | 115,000.00 | 55,217,000.00 | IFRS | Yes | |
| 147 | Farm Credit Canada | Enterprise | 31-Mar | Period Ended Jun-30 | 38,985,233.00 | 32,377,339.00 | 6,607,894.00 | 0 | 437,714.00 | 437,714.00 | 253,961.00 | 183,753.00 | 178,338.00 | 31,771,492.00 | 0 | IFRS | Yes |
| 148 | Federal Bridge Corporation Limited, The | Consolidated | 31-Mar | Period Ended Jun-30 | 430,008.00 | 193,209.00 | 236,799.00 | 885.00 | 11,240.00 | 12,125.00 | 11,750.00 | 375.00 | 545.00 | 62,490.00 | 0 | IFRS | Yes |
| 157 | Freshwater Fish Marketing Corporation | Enterprise | 30-Apr | Period Ended Jul-31 | 62,542.00 | 44,291.00 | 18,251.00 | 0 | 16,237.00 | 16,237.00 | 16,426.00 | (189.00) | (189.00) | 35,708.00 | 0 | IFRS | Yes |
| 163 | Great Lakes Pilotage Authority | Enterprise | 31-Dec | Period Ended Mar-31 | 3,568.00 | 5,418.00 | (1,850.00) | 0 | 1,448.00 | 1,448.00 | 2,761.00 | (1,313.00) | (1,313.00) | 0 | 0 | IFRS | Yes |
| 186 | International Development Research Centre | Consolidated | 31-Mar | Period Ended Jun-30 | 96,804.00 | 79,582.00 | 17,222.00 | 34,100.00 | 14,184.00 | 48,284.00 | 45,207.00 | 3,077.00 | 3,077.00 | 0 | 0 | IFRS | Yes |
| 194 | Jacques-Cartier and Champlain Bridges Inc. | Consolidated | 31-Mar | Period Ended Jun-30 | 638,651.53 | 72,066.12 | 566,585.41 | 38,821.19 | 359.39 | 39,180.58 | 38,491.86 | 688.73 | 688.73 | 0 | 0 | PSAS | Yes |
| 197 | Laurentian Pilotage Authority | Enterprise | 31-Dec | Period Ended Mar-31 | 43,359.96 | 15,090.91 | 28,269.04 | 0 | 22,984.61 | 22,984.61 | 23,543.25 | (558.64) | (558.64) | 0 | 0 | IFRS | Yes |
| 202 | Marine Atlantic Inc. | Consolidated | 31-Mar | Period Ended Jun-30 | 601,942.00 | 108,536.00 | 493,406.00 | 19,288.00 | 26,627.00 | 45,915.00 | 55,536.00 | (9,621.00) | (9,621.00) | 0 | 0 | PSAS | Yes |
| 217 | National Arts Centre Corporation | Consolidated | 31-Aug | Period Ended Nov-30 | 248,624.00 | 255,055.00 | (6,431.00) | 12,795.00 | 10,771.00 | 23,566.00 | 24,231.00 | (665.00) | (665.00) | 0 | 0 | PSAS-GNFPO | Yes |
| 219 | National Capital Commission | Consolidated | 31-Mar | Period Ended Jun-30 | 890,632.00 | 200,093.00 | 690,539.00 | 34,245.00 | 20,772.00 | 55,017.00 | 33,477.00 | 21,540.00 | 21,540.00 | 0 | 0 | PSAS | Yes |
| 224 | National Gallery of Canada | Consolidated | 31-Mar | Period Ended Jun-30 | 104,484.00 | 102,964.00 | 1,520.00 | 12,506.00 | 2,900.00 | 15,406.00 | 16,669.00 | (1,263.00) | (1,263.00) | 0 | 0 | PSAS-GNFPO | Yes |
| 226 | Canada Science & Technology Museums Corp. | Consolidated | 31-Mar | Period Ended Jun-30 | 308,734.00 | 295,189.00 | 13,545.00 | 10,832.00 | 3,477.00 | 14,309.00 | 14,207.00 | 102.00 | 102.00 | 4,208.00 | 0 | PSAS-GNFPO | Yes |
| 261 | Pacific Pilotage Authority | Enterprise | 31-Dec | Period Ended Mar-31 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | IFRS | No |
| 281 | Public Sector Pension Investment Board | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | IFRS | No |
| 294 | Royal Canadian Mint | Enterprise | 31-Dec | Period Ended Mar-30 | 411,056.00 | 246,995.00 | 164,061.00 | 0 | 350,951.00 | 350,951.00 | 343,266.00 | 7,685.00 | 7,611.00 | 11,990.00 | 0 | IFRS | Yes |
| 312 | Standards Council of Canada | Consolidated | 31-Mar | Period Ended Jun-30 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | PSAS | No |
| 315 | Telefilm Canada | Consolidated | 31-Mar | Period Ended Jun-30 | 71,926.00 | 41,972.00 | 29,954.00 | 26,785.00 | 4,152.00 | 30,937.00 | 14,794.00 | 16,143.00 | 16,143.00 | PSAS | Yes | ||
| 334 | VIA Rail Canada Inc. | Consolidated | 31-Dec | Period Ended Mar-31 | 1,518,488.00 | 1,641,914.00 | (123,426.00) | 110,055.00 | 85,289.00 | 195,344.00 | 194,846.00 | 498.00 | (37,826.00) | 0 | 0 | IFRS | Yes |
| 339 | Windsor-Detroit Bridge Authority | Consolidated | 31-Mar | Period Ended Jun-30 | 1,500,252.00 | 725,602.00 | 774,650.00 | 133,500.00 | 3,716.00 | 137,216.00 | 30,412.00 | 106,804.00 | 106,804.00 | 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.
- Table 1 Note 2
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Crown corporations have different calendar and financial year-ends, as is most appropriate for their operating environment.
- Table 1 Note 3
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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.).
- Table 1 Note 4
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Total liabilities (both short-term and long-term) represent all liabilities reported by the corporation (i.e. payables, borrowings and other obligations).
- Table 1 Note 5
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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).
- 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.
- Table 1 Note 7
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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.
- Table 1 Note 8
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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.
- Table 1 Note 9
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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.
- 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).
- Table 1 Note 11
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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.
- 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.
- 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.
- 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.
- 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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