Consolidated Financial Information for Crown Corporations (Annual Report 2015-2016; in thousands of dollars)
|OrgID||Crown corporation||Type of Crown corporation
table 1 note 1
table 1 note 2
|Reporting period||Total assets
table 1 note 3
table 1 note 4
table 1 note 5
table 1 note 6
|Revenues (third parties)
table 1 note 7
table 1 note 8
table 1 note 9
|Net income (loss)
table 1 note 10
|Total comprehensive income (loss)
table 1 note 10
table 1 note 11
table 1 note 12
table 1 note 13
table 1 note 14
|13||Atlantic Pilotage Authority||Enterprise||31-Dec||Annual Report ending on Dec. 31||13,980||7,425||6,555||0||22,673||22,673||23,224||(551)||(587)||4,217||0||IFRS||Yes|
|14||Atomic Energy of Canada Limited||Consolidated||31-Mar||Annual Report ending on Mar. 31||990,513||12,057,075||(11,066,562)||391,579||222,452||614,031||754,019||(139,988)||(139,916)||0||0||IFRS||Yes|
|15||Bank of Canada||Enterprise||31-Dec||Annual Report ending on Dec. 31||101,146,900||100,648,700||498,200||0||1,764,300||1,764,300||588,500||1,175,800||1,238,400||0||0||IFRS||Yes|
|20||Business Development Bank of Canada||Enterprise||31-Mar||Annual Report ending on Mar. 31||22,905,903||17,556,384||5,349,519||0||1,255,649||1,255,649||717,918||537,731||494,078||17,198,309||62,888||IFRS||Yes|
|29||Canada Council for the Arts||Consolidated||31-Mar||Annual Report ending on Mar. 31||361,838||81,093||280,745||182,224||22,477||204,701||192,871||11,830||11,830||646||0||PSAS||Yes|
|30||Canada Deposit Insurance Corporation||Enterprise||31-Mar||Annual Report ending on Mar. 31||3,425,213||1,308,947||2,116,266||0||405,373||405,373||89,982||315,391||315,639||0||0||IFRS||Yes|
|31||Canada Development Investment Corporation||Enterprise||31-Dec||Annual Report ending on Dec. 31||638,054||184,900||453,154||0||2,329,734||2,329,734||62,649||2,267,085||398,159||0||3,731,115||IFRS||Yes|
|40||Canada Lands Company Limited||Enterprise||31-Mar||Annual Report ending on Mar. 31||912,680||438,804||473,876||0||315,398||315,398||269,068||46,330||34,015||335,053||10,000||IFRS||Yes|
|42||Canada Mortgage and Housing Corporation||Enterprise||31-Dec||Annual Report ending on Dec. 31||252,107,000||232,468,000||19,639,000||2,049,000||7,428,000||9,477,000||7,513,000||1,964,000||1,457,000||223,352,000||0||IFRS||Yes|
|43||Canada Pension Plan Investment Board||N/A||31-Mar||Annual Report ending on Mar. 31||348,415,000||69,474,000||278,941,000||0||11,774,000||11,774,000||2,643,000||9,131,000||9,131,000||0||0||IFRS||Yes|
|44||Canada Post Corporation||Enterprise||31-Dec||Annual Report ending on Dec. 31||7,720,000||8,844,000||(1,124,000)||0||8,023,000||8,023,000||7,887,000||136,000||887,000||1,135,000||0||IFRS||Yes|
|51||Canadian Air Transport Security Authority||Consolidated||31-Mar||Annual Report ending on Mar. 31||481,259||502,725||(21,466)||611,911||4,741||616,652||624,170||(7,518)||(12,578)||0||0||IFRS||Yes|
|53||Canadian Broadcasting Corporation||Consolidated||31-Mar||Annual Report ending on Mar. 31||1,871,256||1,526,133||345,123||1,026,929||528,643||1,555,572||1,619,565||(63,993)||(31,248)||389,484||0||IFRS||Yes|
|58||Canadian Commercial Corporation||Consolidated||31-Mar||Annual Report ending on Mar. 31||3,815,768||3,787,099||28,669||8,880||2,902,681||2,911,561||2,903,498||8,063||7,968||0||0||IFRS||Yes|
|61||Canadian Dairy Commission||Consolidated||31-Jul||Annual Report ending on Jul. 31||144,960||114,372||30,588||3,689||245,931||249,620||225,169||24,451||18,507||98,222||0||IFRS||Yes|
|81||Canadian Museum for Human Rights||Consolidated||31-Mar||Annual Report ending on Mar. 31||342,375||341,895||480||27,023||11,517||38,540||45,521||(6,981)||(6,981)||0||0||PSAS-GNFPO||Yes|
|82||Canadian Museum of History||Consolidated||31-Mar||Annual Report ending on Mar. 31||333,011||264,351||68,660||76,313||18,989||95,302||92,552||2,750||2,750||0||0||PSAS-GNFPO||Yes|
|84||Canadian Museum of Immigration at Pier 21||Consolidated||31-Mar||Annual Report ending on Mar. 31||30,966||20,705||10,261||9,819||2,534||12,353||12,823||(470)||(470)||0||0||PSAS-GNFPO||Yes|
|85||Canadian Museum of Nature||Consolidated||31-Mar||Annual Report ending on Mar. 31||200,172||208,061||(7,889)||30,971||8,958||39,929||39,026||903||903||27,636||0||PSAS-GNFPO||Yes|
|92||Canadian Race Relations Foundation||Consolidated||31-Mar||Annual Report ending on Mar. 31||28,491||428||28,064||0||1,171||1,171||1,433||(262)||(262)||0||0||PSAS-GNFPO||Yes|
|97||Destination Canada||Consolidated||31-Dec||Annual Report ending on Dec. 31||34,964||17,996||16,968||58,779||14,817||73,596||68,905||4,691||4,691||0||0||PSAS||Yes|
|119||Defence Construction (1951) Limited||Consolidated||31-Mar||Annual Report ending on Mar. 31||61,127||30,572||30,555||0||87,971||87,971||92,328||(4,357)||(451)||289||0||IFRS||Yes|
|146||Export Development Canada||Enterprise||31-Dec||Annual Report ending on Dec. 31||60,969,000||51,804,000||9,165,000||0||2,013,000||2,013,000||1,088,000||925,000||949,000||47,071,000||0||IFRS||Yes|
|147||Farm Credit Canada||Enterprise||31-Mar||Annual Report ending on Mar. 31||29,950,905||24,596,834||5,354,071||0||1,190,242||1,190,242||574,747||615,495||589,543||24,368,007||90,380||IFRS||Yes|
|148||Federal Bridge Corporation Limited, The||Consolidated||31-Mar||Annual Report ending on Mar. 31||388,746||149,943||238,803||10,000||40,165||50,165||44,650||5,515||5,756||88,312||0||PSAS||Yes|
|157||Freshwater Fish Marketing Corporation||Enterprise||30-Apr||Annual Report ending on Apr. 30||49,697||37,809||11,888||0||74,421||74,421||69,276||5,145||1,536||24,561||0||IFRS||Yes|
|163||Great Lakes Pilotage Authority||Enterprise||31-Dec||Annual Report ending on Dec. 31||11,210||11,990||(780)||0||25,554||25,554||25,983||(429)||(352)||0||0||IFRS||Yes|
|186||International Development Research Centre||Consolidated||31-Mar||Annual Report ending on Mar. 31||89,291||71,452||17,839||183,478||79,621||263,099||265,785||(2,686)||(2,686)||0||0||IFRS||Yes|
|194||Jacques-Cartier and Champlain Bridges Inc.||Consolidated||31-Mar||Annual Report ending on Mar. 31||603,215||141,796||461,419||245,347||1,607||246,954||230,949||16,006||16,006||0||0||PSAS||Yes|
|197||Laurentian Pilotage Authority||Enterprise||31-Dec||Annual Report ending on Dec. 31||39,184||11,594||27,590||0||86,229||86,229||82,597||3,632||3,632||0||0||IFRS||Yes|
|202||Marine Atlantic Inc.||Consolidated||31-Mar||Annual Report ending on Mar. 31||587,814||103,925||483,889||350,999||109,461||460,460||237,479||222,981||222,981||0||0||PSAS||Yes|
|217||National Arts Centre Corporation||Consolidated||31-Aug||Annual Report ending on Aug. 31||155,523||156,905||(1,382)||41,547||29,959||71,506||71,713||(207)||(207)||0||0||PSAS-GNFPO||Yes|
|219||National Capital Commission||Consolidated||31-Mar||Annual Report ending on Mar. 31||796,307||148,201||648,106||90,377||33,200||123,577||121,250||2,327||2,327||0||0||PSAS||Yes|
|224||National Gallery of Canada||Consolidated||31-Mar||Annual Report ending on Mar. 31||105,276||96,082||9,194||49,200||59,877||109,077||108,030||1,047||1,047||0||0||PSAS-GNFPO||Yes|
|226||Canada Science & Technology Museums Corp.||Consolidated||31-Mar||Annual Report ending on Mar. 31||113,283||100,010||13,273||30,839||5,613||36,452||36,094||358||358||4,533||0||PSAS-GNFPO||Yes|
|261||Pacific Pilotage Authority||Enterprise||31-Dec||Annual Report ending on Dec. 31||26,860||13,130||13,730||0||73,016||73,016||77,411||(4,395)||(4,595)||2,939||0||IFRS||Yes|
|272||PPP Canada||Consolidated||31-Mar||Annual Report ending on Mar. 31||1,423,396||1,418,107||5,289||11,800||968||12,768||13,164||(396)||(396)||0||0||PSAS||Yes|
|281||Public Sector Pension Investment Board||N/A||31-Mar||Annual Report ending on Mar. 31||131,660,000||14,899,000||116,761,000||0||1,369,000||1,369,000||566,000||803,000||807,000||8,851,000||0||IFRS||Yes|
|292||Ridley Terminals Inc.||Enterprise||31-Dec||Annual Report ending on Dec. 31||305,114||102,144||202,970||0||94,305||94,305||159,292||(64,987)||(63,387)||27,655||0||IFRS||Yes|
|294||Royal Canadian Mint||Enterprise||31-Dec||Annual Report ending on Dec. 31||438,804||162,978||275,826||0||2,979,148||2,979,148||2,979,652||(504)||(4,991)||34,513||53,000||IFRS||Yes|
|312||Standards Council of Canada||Consolidated||31-Mar||Annual Report ending on Mar. 31||11,272||5,933||5,339||10,195||9,520||19,715||20,639||(924)||(924)||0||0||PSAS||Yes|
|315||Telefilm Canada||Consolidated||31-Mar||Annual Report ending on Mar. 31||69,126||43,018||26,108||95,454||25,745||121,199||120,264||935||935||0||0||PSAS||Yes|
|334||VIA Rail Canada Inc.||Consolidated||31-Dec||Annual Report ending on Dec. 31||1,357,093||1,470,968||(113,875)||362,594||297,938||660,532||651,300||9,232||44,922||0||0||IFRS||Yes|
|339||Windsor-Detroit Bridge Authority||Consolidated||31-Mar||Annual Report ending on Mar. 31||150,382||33,069||117,313||135,381||744||136,125||28,622||107,503||107,503||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
Crown corporations have different calendar and financial year-ends, as is most appropriate for their operating environment.
- 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.).
- 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).
- 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).
- 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
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
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
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
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.
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”.
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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