Consolidated Financial Information for Crown Corporations
(Third 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 Q3 ending on Sept. 30 22,295 10,372 11,923 0 21,520 21,520 20,239 1,281 1,281 5,753 0 IFRS Yes
14 Atomic Energy of Canada Limited Consolidated 31-Mar Q3 ending on Dec. 31 591,221 7,824,263 -6,573,893 550,657 86,336 636,993 667,196 -30,203 303,181 0 0 IFRS Yes
15 Bank of Canada Enterprise 31-Dec Q3 ending on Sept. 30 114,911,200 114,409,300 501,900 0 1,213,400 1,213,400 391,300 822,100 959,200 0 0 IFRS Yes
20 Business Development Bank of Canada Enterprise 31-Mar Q3 ending on Dec. 31 29,992,630 22,421,461 7,571,169 0 988,286 988,286 394,047 594,239 579,915 20,320,326 0 IFRS Yes
29 Canada Council for the Arts Consolidated 31-Mar Q3 ending on Dec. 31 478,999 127,359 351,640 250,158 12,534 262,692 224,979 37,713 37,713 0 0 PSAS Yes
30 Canada Deposit Insurance Corporation Enterprise 31-Mar Q3 ending on Dec. 31 5,057,190 2,240,031 2,817,159 0 528,893 528,893 29,748 499,145 494,818 0 0 IFRS Yes
31 Canada Development Investment Corporation Enterprise 31-Dec Q3 ending on Sept. 30 7,177,905 6,697,960 479,945 0 169,483 169,483 105,020 64,463 40,425 0 0 IFRS Yes
40 Canada Lands Company Limited Enterprise 31-Mar Q3 ending on Dec. 31 1,231,593 592,802 638,791 0 206,552 206,552 130,463 76,089 55,342 580,792 0 IFRS Yes
42 Canada Mortgage and Housing Corporation Enterprise 31-Dec Q3 ending on Sept. 30 272,513,000 256,839,000 15,674,000 1,905,000 1,871,000 3,776,000 2,363,000 1,413,000 988,000 246,566,000 0 IFRS Yes
43 Canada Pension Plan Investment Board N/A 31-Mar Q3 ending on Dec. 31 461,157,000 92,666,000 368,491,000 0 15,320,000 15,320,000 2,486,000 12,834,000 12,834,000 0 0 IFRS Yes
44 Canada Post Corporation Enterprise 31-Dec Q3 ending on Sept. 30 8,570,000 7,671,000 899,000 0 2,088,000 2,088,000 2,134,000 -46,000 576,000 1,028,000 0 IFRS Yes
51 Canadian Air Transport Security Authority Consolidated 31-Mar Q3 ending on Dec. 31 637,527 655,166 -17,639 571,810 9,696 581,506 589,438 -7,932 4,834 0 0 IFRS Yes
53 Canadian Broadcasting Corporation Consolidated 31-Mar Q3 ending on Dec. 31 2,236,456 1,431,985 804,471 871,499 359,099 1,230,598 1,235,483 -4,885 274,797 287,046 0 IFRS Yes
58 Canadian Commercial Corporation Consolidated 31-Mar Q3 ending on Dec. 31 8,303,539 8,280,890 22,649 0 1,841,858 1,841,858 1,842,780 -922 -922 0 0 IFRS Yes
61 Canadian Dairy Commission Consolidated 31-Jul Q3 ending on Apr. 30 174,321 133,676 40,645 3,007 290,911 293,918 287,864 6,054 8,086 119,917 0 IFRS Yes
81 Canadian Museum for Human Rights Consolidated 31-Mar Q3 ending on Dec. 31 308,198 298,020 10,178 21,836 8,947 30,783 29,773 1,010 1,010 0 0 PSAS-GNFPO Yes
82 Canadian Museum of History Consolidated 31-Mar Q3 ending on Dec. 31 315,346 244,549 70,797 61,805 16,606 78,411 74,253 4,158 4,158 0 0 PSAS-GNFPO Yes
84 Canadian Museum of Immigration at Pier 21 Consolidated 31-Mar Q3 ending on Dec. 31 27,798 14,470 13,328 7,647 2,973 10,620 9,499 1,121 1,228 0 0 PSAS-GNFPO Yes
85 Canadian Museum of Nature Consolidated 31-Mar Q3 ending on Dec. 31 200,150 202,199 -2,049 25,965 7,910 33,875 31,770 2,105 2,105 24,219 0 PSAS-GNFPO Yes
92 Canadian Race Relations Foundation Consolidated 31-Mar Q3 ending on Dec. 31 28,471 137 28,334 0 384 384 756 -372 -372 3 0 PSAS-GNFPO Yes
97 Destination Canada Consolidated 31-Dec Q3 ending on Sept. 30 46,722 30,919 15,803 50,902 17,092 67,994 73,685 -5,691 -5,691 0 0 PSAS Yes
119 Defence Construction (1951) Limited Consolidated 31-Mar Q3 ending on Dec. 31 53,246 49,440 3,806 0 85,961 85,861 87,253 -1,392 -1,392 175 0 IFRS Yes
146 Export Development Canada Enterprise 31-Dec Q3 ending on Sept. 30 70,717,000 60,570,000 10,147,000 0 1,990,000 1,990,000 1,384,000 606,000 676,000 57,333,000 969,000 IFRS Yes
147 Farm Credit Canada Enterprise 31-Mar Q3 ending on Dec. 31 37,805,694 31,522,929 6,282,765 0 1,266,623 1,266,623 763,108 503,515 487,151 31,120,491 364,000 IFRS Yes
148 Federal Bridge Corporation Limited, The Consolidated 31-Mar Q3 ending on Dec. 31 435,616 197,112 238,504 2,540 34,089 36,629 35,664 965 1,080 59,808 0 PSAS Yes
157 Freshwater Fish Marketing Corporation Enterprise 30-Apr Q3 ending on Jan 31 68,391 50,006 18,385 0 56,441 56,441 56,133 308 231 39,675 0 IFRS Yes
163 Great Lakes Pilotage Authority Entreprise 31-Dec Q3 ending on Sept. 30 11,009 10,731 278 0 22,734 22,734 21,608 1,126 1,126 0 0 IFRS Yes
186 International Development Research Centre Consolidated 31-Mar Q3 ending on Dec. 31 75,835 63,049 12,786 97,077 38,321 135,398 146,570 -11,172 -11,172 0 0 IFRS Yes
194 Jacques-Cartier and Champlain Bridges Inc. Consolidated 31-Mar Q3 ending on Dec. 31 54,571 78,025 -23,454 40,782 419 41,201 42,077 -876 -876 0 0 PSAS Yes
197 Laurentian Pilotage Authority Enterprise 31-Dec Q3 ending on Sept. 30 43,335 15,299 28,036 0 74,886 74,886 76,287 -1,401 -1,401 0 0 IFRS Yes
202 Marine Atlantic Inc. Consolidated 31-Mar Q3 ending on Dec. 31 595,156 94,022 501,134 79,699 94,731 174,430 177,308 -2,878 -2,878 0 0 PSAS Yes
217 National Arts Centre Corporation Consolidated 31-Aug Q3 ending on May. 31 261,285 267,118 -5,833 37,553 34,768 72,321 72,295 26 26 0 0 PSAS-GNFPO Yes
219 National Capital Commission Consolidated 31-Mar Q3 ending on Dec. 31 181,844 174,531 7,313 85,181 30,159 115,340 94,597 20,743 20,743 0 0 PSAS Yes
224 National Gallery of Canada Consolidated 31-Mar Q3 ending on Dec. 31 102,669 99,261 3,408 39,356 11,579 50,935 49,813 1,122 1,122 0 0 PSAS-GNFPO Yes
226 Canada Science & Technology Museums Corp. Consolidated 31-Mar Q3 ending on Dec. 31 316,039 302,344 13,695 27,166 12,101 39,267 38,788 479 479 4,208 0 PSAS-GNFPO Yes
261 Pacific Pilotage Authority Enterprise 31-Dec Q3 ending on Sept. 30 31,705 17,499 14,206 0 76,631 76,631 73,708 2,923 2,923 1,517 0 IFRS Yes
292 Ridley Terminals Inc. Enterprise 31-Dec Q3 ending on Sept. 30 451,710 89,277 362,433 0 83,619 83,619 49,892 33,727 39,406 7,677 0 IFRS Yes
294 Royal Canadian Mint Enterprise 31-Dec Q3 ending on Sept. 30 387,597 243,809 143,788 0 974,009 974,009 960,558 13,451 13,538 19,509 0 IFRS Yes
312 Standards Council of Canada Consolidated 31-Mar Q3 ending on Dec. 31 10,364 3,797 6,567 11,524 8,547 20,071 17,790 2,281 2,281 0 0 PSAS Yes
315 Telefilm Canada Consolidated 31-Mar Q3 ending on Dec. 31 84,236 43,819 40,417 97,333 16,723 114,056 95,729 18,327 18,327 0 0 PSAS Yes
334 VIA Rail Canada Inc. Consolidated 31-Dec Q3 ending on Sept. 30 1,459,084 1,451,306 7,778 201,242 293,279 494,521 577,034 -82,513 121,293 0 0 IFRS Yes
339 Windsor-Detroit Bridge Authority Consolidated 31-Mar Q3 ending on Dec. 31 1,207,158 581,446 625,712 271,000 2,974 273,974 173,948 100,026 100,026 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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