Copyright Board Canada
Canada



Section III: Supplementary Information

The future-oriented financial highlights presented within this RPP are intended to serve as a general overview of the Board's financial position and operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

Future-Oriented Financial Statements

Future-oriented financial statements can be found on the Board's website at:
http://www.cb-cda.gc.ca

(in thousands of dollars) % Change Estimated Results
2012-13
Planned Results
2013-2014
Condensed Future-oriented Statement of Financial Position (unaudited)
At March 31
Total liabilities 4% 499 517
Total net financial assets 28% 61 78
Departmental net debt 0% 438 439
Total non-financial assets -50% 20 10
Departmental net financial position 3% (418) (429)
Condensed Future-oriented Statement of Operations and Departmental Net Financial Position (unaudited)
For the period ended March 31
Total Expenses 1% 3,491 3,514
Net Cost of operations before government funding and transfers 1% 3,491 3,514
Departmental net financial position 3% (418) (429)
 

Tax Expenditure and Evaluation Report

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluationsi publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.

Assets by Type

Total assetsIt is projected that total assets will be valued at $88,000 in fiscal year 2013-14. This is composed of amount due from the Consolidated Revenue Fund (51% or $44,880), accounts receivable (42% or $35,960) and tangible capital assets (7% or $6,160).

 

Liabilities by Type

LiabilitiesIt is projected that total liabilities will be $517,000 for fiscal year 2013-14. This is mostly made up of severance benefits (43% or $222,310), accounts payable and accrued liabilities (27% or $139,590) and other liabilities (30% or $155,100).

 

Expenses by Type

Fiscal yearFor fiscal year 2013-14, it is projected that total expenses will be $3.1 million. Most of these expenses are made up of salaries and employee benefits (62% or $1,9 million), professional services (16% or $500,479), accommodation (7% or $218,959), travel (6% or $187,679), and other expenses (9% or $281,519).