Consolidated Financial Information for Crown Corporations
(Annual Report 2018-2019; 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 22,963 10,852 12,111 0 28,635 28,635 26,977 1,658 1,685 5,442 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Annual Report ending on Mar. 31 1,100,511 7,821,796 -6,721,285 829,233 113,657 942,890 1,121,773 -178,883 -178,883 0 0 IFRS No
15 Bank of Canada Enterprise 31-Dec Annual Report ending on Dec. 31 114,373,193 113,846,081 527,112 1,968,308 152,401 2,120,709 919,465 1,201,244 1,181,236 0 1,169,242 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Annual Report ending on Mar. 31 30,656,454 22,942,329 7,714,125 0 1,776,444 1,776,444 897,962 878,482 810,603 137,157 69,700 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Annual Report ending on Mar. 31 474,920 139,799 335,121 294,091 16,743 310,834 310,133 701 ? 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Annual Report ending on Mar. 31 5,044,191 2,058,865 2,985,326 49,831 661,321 711,152 48,141 663,011 662,985 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 7,007,087 6,686,992 320,095 1,528 417,499 419,027 453,275 -34,248 -39,211 0 114,000 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Annual Report ending on Mar. 31 1,241,939 603,311 638,628 0 269,397 269,397 214,218 55,179 55,179 15,100 10,000 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 269,974,814 255,022,793 14,952,021 2,158,156 8,181,535 10,339,691 8,820,980 1,518,711 1,299,692 237,516,123 3,680,000 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Annual Report ending on Mar. 31 499,890,000 107,910,000 391,980,000 0 35,276,000 35,276,000 3,266,000 32,010,000 32,010,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Annual Report ending on Dec. 31 10,499,498 11,472,079 -972,581 247,514 8,493,267 8,740,781 8,880,499 -139,718 -527,070 997,157 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Annual Report ending on Mar. 31 732,247 179,311 552,936 813,926 13,487 827,413 781,791 45,622 45,622 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 2,891,807 883,776 2,008,031 1,212,766 488,211 1,700,977 1,747,893 -46,916 -46,916 291,846 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Annual Report ending on Mar. 31 89,132 67,783 21,349 2,169 28,952 31,121 27,004 4,117 4,117 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Annual Report ending on Jul. 31 167,750 167,750 0 3,973 350,941 354,914 358,590 -3,676 -3,676 5,638 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Annual Report ending on Mar. 31 303,765 294,166 9,599 30,282 11,456 41,738 41,307 431 431 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Annual Report ending on Mar. 31 318,521 249,962 68,559 81,029 21,257 102,286 100,366 1,920 1,920 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Annual Report ending on Mar. 31 27,357 23,127 4,230 10,108 3,483 13,591 12,840 751 751 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Annual Report ending on Mar. 31 201,435 203,588 -2,153 34,839 11,287 46,126 44,125 2,001 2,001 0 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Annual Report ending on Mar. 31 30,513 439 30,074 203 530 733 1,066 -333 -333 0 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Annual Report ending on Dec. 31 55,332 33,227 22,105 100,199 27,690 127,889 127,353 536 536 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Annual Report ending on Mar. 31 53,893 44,439 9,454 114,220 708 114,928 115,109 -181 -181 0 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Annual Report ending on Dec. 31 67,414,832 57,965,900 9,448,932 0 2,844,891 2,844,891 2,278,071 566,820 447,402 55,216,700 1,010,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Annual Report ending on Mar. 31 37,578,780 31,149,229 6,429,551 0 1,666,560 1,666,560 1,009,982 656,578 653,790 817,565 364,000 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Annual Report ending on Mar. 31 429,789 193,743 236,046 3,395 42,783 46,178 47,758 -1,580 -1,580 62,546 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Annual Report ending on Apr. 30 65,102 65,102 0 0 76,295 76,295 79,681 -3,386 -3,386 36,919 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 3,650 5,500 -1,850 9 36,279 36,288 35,982 306 306 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Annual Report ending on Mar. 31 80,437 66,292 14,145 159,258 36,574 195,832 205,644 -9,812 -9,812 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 643,910 78,014 565,896 161,330 1,703 163,033 156,466 6,567 6,567 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 43,360 15,091 28,269 0 107,525 107,525 107,344 181 181 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Annual Report ending on Mar. 31 614,540 108,969 505,571 125,668 111,818 237,486 238,534 -1,048 -1,048 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Annual Report ending on Aug. 31 266,166 271,516 -5,350 51,902 33,587 85,489 85,244 245 245 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Annual Report ending on Mar. 31 865,148 196,095 669,053 119,930 35,796 155,726 134,573 21,153 0 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 102,909 100,126 2,783 52,113 17,584 69,697 69,200 497 497 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Annual Report ending on Mar. 31 309,178 295,735 13,443 38,633 14,187 52,820 52,594 226 226 0 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Annual Report ending on Dec. 31 25,540 14,063 11,477 0 94,711 94,711 91,445 3,266 2,996 1,715 0 IFRS Yes
281 Public Sector Pension Investment Board N/A 31-Mar Annual Report ending on Mar. 31 199,215,000 31,362,000 167,853,000 0 12,195,000 12,195,000 1,082,000 11,113,000 11,110,000 14,119,000 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Annual Report ending on Dec. 31 716,780 313,502 403,278 0 122,204 122,204 75,492 46,712 44,215 3,867 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Annual Report ending on Dec. 31 411,056 246,995 164,061 96,342 1,337,536 1,433,878 1,395,917 37,961 38,977 11,990 10,000 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Annual Report ending on Mar. 31 12,602 6,041 6,561 18,803 10,199 29,002 26,727 2,275 2,275 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Annual Report ending on Mar. 31 71,266 57,455 13,811 102,410 24,010 126,420 134,699 -8,279 -8,279 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Annual Report ending on Dec. 31 1,572,984 1,256,819 316,165 376,864 395,769 772,633 736,017 36,616 36,616 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Annual Report ending on Mar. 31 1,402,016 730,631 671,385 351,000 5,045 356,045 226,857 129,188 129,188 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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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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