Archived – Financial highlights and statements

Archived information

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Financial highlights

Condensed statement of financial position (unaudited)
As at March 31, 2012
($ thousands)
  Change % 2011–2012 2010–2011
Total net liabilities 2.6% 188,572 183,720
Total net financial assets -40.1% 41,802 69,796
Departmental net debt 28.8% 146,770 113,924
Total non-financial assets -14.4% 141,466 165,276
Departmental net financial position -110.3% -5,304 51,352
Condensed statement of operations and departmental net financial position (unaudited)
For the year ended March 31, 2012
($ thousands)
  Change % 2011–2012 2010–2011
Total expenses 32.8% 985,929 742,513
Total revenues 17.1% 112,657 96,245
Net cost of operations before government funding and transfers 35.1% 873,272 646,268
Departmental net financial position -110.3% -5,304 51,352

Please note that, for the sake of comparability between the above statements and to the rest of the financial information in this DPR, any analysis by Program Activity (PA) to follow this condensed statement of financial position and operations has Shared Services Canada (SSC) expenditures and revenues prior to the OIC date included by PA where applicable. This is in contrast to the actual departmental financial statements where SSC expenditures and revenues prior to the OIC date are removed by PA and then added back at the departmental level.

The year over year decrease in the department's net financial position is mostly due to two factors, namely, the decrease in financial and non financial assets due in large part to the transfer of certain operations to Shared Services Canada and, the increase in accrued liabilities as a result of the Workforce Adjustment (WFA). The increase in accrued liabilities is partially offset by the decrease in accounts payable, which were significantly higher last year due to a peak in the Census cycle.

Financial highlights charts

Figure 3 Assets by type

Figure 3 Assets by type

Description for Figure 3 Assets by type

Total assets were $183.3 million at the end of 2011–-2012, a decrease of $51.8 million, or 22.0%, from $235.1 million in 2010-–2011. This decrease is mostly due to the transfer of tangible capital assets and prepaid expenses to Shared Services Canada to manage email, data centres, network services and telecommunications services, as well as to lower amounts due from the Consolidated Revenue Fund, which is affected by changes in accounts payable/receivable and accrued salaries and wages.

Tangible capital assets, composed mainly of informatics software ($79.0 million), software under development ($32.6 million) and leasehold improvements ($13.4 million), represent the largest portion of assets at $134.3 million, or 73.2% of the total. The remaining 26.8% is composed of amounts from the Consolidated Revenue Fund (18.2%), accounts receivable and advances (4.7%), prepaid expenses (2.0%) and inventory (1.9%).

Figure 4 Liabilities by type

Liabilities by type

Description for Figure 4 Liabilities by type

Total liabilities were $188.6 million at the end of 2011–-2012, up $4.9 million, or 2.6% from $183.7 million the previous year. Employee future benefits made up the largest portion of liabilities at $82.9 million, or 44.0% of the total. Accounts payable and accrued liabilities is the next largest portion at $78.8 million, or 41.8% of the total. It is composed of accrued liabilities ($41.4 million), accounts payable external parties ($17.3 million), accrued salaries and wages ($11.5 million) and accounts payable to other federal government departments and agencies ($8.6 million). Vacation pay and compensatory leave make up $23.4 million, or 12.4% of the total.

Figure 5 Revenues by program activity

Description for Figure 5 Revenues by program activity

Figure 5 Revenues by program activity

The Agency's revenues totalled $112.7 million in 2011-–2012, up $16.5 million, or 17.1%, from $96.2 million in 2010–-2011. This increase is mostly due to the cyclical nature of some surveys. The Social Statistics program generated $64.9 million (57.6%); the Economic Statistics program, $22.7 million (20.1%); the Census, Demography and Aboriginal Statistics program, $22.5 million (20.0%); and Internal Services, $2.6 million (2.3%).

Figure 6 Gross expenditures by program activity

Description for Figure 6 Gross expenditures by program activity

Figure 6 Gross expenditures by program activity

Total expenses, including respendable revenue and services provided without charge by other government departments, were $985.9 million in 2011-–2012, up $243.4 million, or 32.8%, from $742.5 million the previous year. This increase is mostly due to the 2011 Census of Population and National Household Survey and the 2011 Census of Agriculture. This is typical for the Agency because of the cyclical nature of the census programs; in 2010-–2011, census activities ramp up in preparation for the peak year of the cycle, 2011–-2012. The Census, Demography and Aboriginal Statistics program accounted for $389.0 million (39.5%); the Economic Statistics program, $251.8 million (25.5%); the Social Statistics program, $224.1 million (22.7%); and Internal Services, $121.0 million (12.3%).

Figure 7 Gross expenditures by type

Description for Figure 7 Gross expenditures by type

Figure 7 Gross expenditures by type

Statistics Canada spent $985.9 million in 2011–-2012. The expenses are broken down as follows: salaries and employee benefits, $650.5 million; professional services, $163.2 million; transportation and postage, $54.7 million; accommodations, $38.8 million; amortization, $37.1 million; repairs and maintenance, $16.2 million; communication and printing, $14.1 million; and other expenses, $11.3 million.

Financial statements

Financial statements can be found on the Statistics Canada website.

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