Copyright Board Canada
Canada



SSection III: Supplementary Information

Financial Highlights

Condensed Statement of Financial Position (Unaudited)
At March 31, 2012
(in dollars)
  Change
%
2011-12
2010-2011
Total net liabilities -1% 475,116 478,553
Total net financial assets 40% 54,160 38,765
Departmental net debt 4% 420,965 439,788
Total non-financial assets -26% 30,998 43,037
Departmental net financial position -2% (389,958) (397,751)
 
Condensed Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2012
(in dollars)
  Change
%
2011-12 2010-11
Total expenses -5% 2,848,159 3,003,938
Net cost of operations before government funding and transfers -5% 2,848,159 3,003,938
Departmental net financial position -2% (389,958) (397,751)
 

Financial Highlights Graphs

Assets by Type

Total assetsTotal assets are valued at about $116,000 in fiscal year 2011-12. This is composed of tangible capital assets (37% or $42,000), due from CRF (33% or $39,000) and accounts receivable (30% or $35,000).

 

LiabilitiesTotal liabilities are valued at about $478,000 for fiscal year 2011-12. This is mostly made up of employee future benefits (68% or $322,000), vacation pay and compensatory leave (17% or $82,000) and accounts payable and accrued liabilities (15% or $74,000).

 

Fiscal yearFor fiscal year 2011-12, total expenses are $3 million. Most of these expenses are made up of salaries and employee benefits (67% or $2 million), and operating expenses (33% or $1 million). The majority of these latter expenses are required for the Board’s unique program activity. The balance is made up of expenses associated with internal services.

 

Financial Statements

The Board’s financial statements can be found on the Board’s website at:
www.cb-cda.gc.ca