Consolidated Financial Information for Crown Corporations
(First Quarter 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 Q1 ending on Mar. 31 20,798 10,340 20,798 0 6,385 6,385 6,569 -184 -184 6,073 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Q1 ending on Jun. 30  595,334 8,128,135 -6,885,544 126,514 32,745 159,259 169,008 -9,749 -9,749 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Q1 ending on Mar. 31 109,052,800 108,537,700 515,100,000 0 387,100 387,100 131,100 256,000 299,600 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Q1 ending on Jun. 30  28,801,025 21,697,582 7,103,443 0 355,877 355,877 134,867 221,010 288,306 0 69,700 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Q1 ending on Jun. 30  496,923 200,757 296,166 110,200 6,339 116,539 146,947 -30,408 -30,408 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Q1 ending on Jun. 30  4,545,024 2,059,780 2,485,244 0 173,616 173,616 9,216 164,400 162,903 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Q1 ending on Mar. 31 621,544 158,164 463,380 0 56,561 56,561 22,786 33,775 23,860 0 0 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Q1 ending on Jun. 30  1,257,895 634,993 622,902 0 81,721 81,721 41,516 40,205 29,453 574,222 0 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Q1 ending on Mar. 31 270,522,000 253,627,000 16,895,000 1,026,000 550,000 1,576,000 1,189,000 293,000 209,000 241,611,000 1,000 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Q1 ending on Jun. 30  446,496,000 79,897,000 366,599,000 0 7,395,000 7,395,000 841,000 6,554,000 6,554,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Q1 ending on Mar. 31 8,645,000 8,950,000 -305,000 0 2,170,000 2,170,000 2,074,000 74,000 65,000 1,034,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Q1 ending on Jun. 30 648,859 659,613 -10,754 184,080 4,467 188,547 191,706 -3,159 11,719 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Q1 ending on Jun. 30  2,211,690 1,433,510 778,180 281,431 113,383 394,814 401,177 -6,363 248,506 299,404 0 IFRS Yes
68 Canadian Commercial Corporation Consolidated 31-Mar Q1 ending on Jun. 30  7,757,580 7,734,727 22,853 0 7,279 7,279 629,005 -621,726 -718 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Q1 ending on Oct. 31 106,755 70,746 36,009 962 182,102 183,064 181,646 1,418 1,418 29,167 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Q1 ending on Jun. 30  313,471 304,053 9,418 7,004 2,976 9,980 9,730 250 250 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Q1 ending on Jun. 30  317,694 250,215 67,479 20,107 5,478 25,585 24,745 840 840 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Q1 ending on Jun. 30 28,084 15,723 12,361 2,631 926 3,557 3,391 166 199 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Q1 ending on Jun. 30  202,421 206,298 -3,877 8,388 2,305 10,693 10,416 277 277 24,751 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Q1 ending on Jun. 30  29,892 27,536 2,356 0 27 27 223 -196 -263 3 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Q1 ending on Mar. 31 50,090 14,155 35,935 26,988 3,343 30,331 15,288 15,043 15,043 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Q1 ending on Jun. 30 50,631 45,209 5,422 0 28,939 28,939 28,715 224 224 220 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Q1 ending on Mar. 31 68,220,000 58,447,000 9,773,000 0 605,000 605,000 284,000 321,000 302,000 55,470,000 969,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Q1 ending on Jun. 30  36,694,330 30,352,386 6,341,944 0 408,011 408,011 220,329 187,682 182,267 29,964,858 0 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Q1 ending on Jun. 30  437,572 200,148 237,424 841 10,911 11,752 11,779 -27 0 62,391 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Q1 ending on Jul. 31 61,765 43,022 18,743 0 18,672 18,672 17,886 786 786 30,642 0 IFRS Yes
163 Great Lakes Pilotage Authority Enterprise 31-Dec Q1 ending on Mar. 31 1,912 4,068 -2,156 0 545 545 1,853 -1,308 -1,308 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Q1 ending on Jun. 30  90,455 75,543 14,912 22,500 17,132 39,632 48,677 -9,045 -9,045 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Q1 ending on Jun. 30  64,690 88,434 23,744 45,893 436 46,329 45,392 937 937 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Q1 ending on Mar. 31 39,600 11,512 28,088 0 21,363 21,363 22,713 -1,350 -1,350 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Q1 ending on Jun. 30  609,054 111,295 497,759 17,278 27,061 44,339 58,202 -13,863 -13,863 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Q1 ending on Nov. 30 273,263 279,074 -5,811 12,045 10,280 22,325 22,276 49 49 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Q1 ending on Jun. 30  164,232 160,845 3,387 23,249 11,507 34,756 32,012 2,744 2,744 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Q1 ending on Jun. 30  103,687 102,423 1,264 11,940 2,290 14,230 15,252 -1,022 -1,022 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Q1 ending on Jun. 30  316,745 303,347 13,398 9,262 3,765 13,027 12,845 182 182 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Q1 ending on Mar. 31 27,054 15,293 11,761 0 20,176 20,176 19,698 478 478 1,715 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Q1 ending on Mar. 31 434,455 104,554 329,901 0 23,504 23,504 15,704 7,800 6,874 7,930 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Q1 ending on Mar. 31 376,523 241,439 135,084 0 343,093 343,093 338,290 4,803 4,834 19,508 0 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Q1 ending on Jun. 30  14,828 6,426 7,007 3,736 2,786 6,522 6,246 276 276 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Q1 ending on Jun. 30  81,109 50,895 30,214 21,386 3,590 24,976 16,852 8,124 8,124 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Q1 ending on Mar. 31 1,348,497 1,436,735 -88,238 82,235 79,085 161,320 187,691 -26,371 25,277 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Q1 ending on Jun. 30 659,130 88,635 570,495 54,000 1,019 55,019 24,830 30,189 30,189 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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