Archived – Financial Highlights

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Table 1 Statistics Canada
Condensed Statement of Operations and Departmental Net Financial Position (Unaudited)
For the year ended March 31, 2014 ($)
  2013/2014 Planned Results 2013/2014 Actual 2012/2013 Actual Difference (2013/2014 actual minus 2013/2014 planned) Difference (2013/2014 actual minus 2012/2013 actual)
Total expenses 581,977,812 600,687,024 631,137,310 18,709,212 (30,450,286)
Total revenues 92,210,731 90,908,605 91,824,507 (1,302,126) (915,902)
Net cost of operations before government funding and transfers 489,767,081 509,778,419 539,312,803 20,011,338 (29,534,384)
Departmental net financial position 76,432,260 93,205,662 59,370,774 16,773,402 33,834,888

The net cost of operations before government funding and transfers was $509.8 million, a decrease of $29.5 million (5.5%) from $539.3 million in 2012/2013. This decrease is mostly due to reduced salary expenditures resulting from the Agency’s implementation of changes announced in Budget 2012 and a decreased amount of amortization expense.

There is an increase of $20.0 million (4.1%) from the $489.8 million planned to the actual $509.8 million in 2013/2014. This increase is mainly due to expenses incurred for the 2016 Census of Population Program and the Census of Agriculture Program, which were approved after the publication of the planned results.

Table 2 Statistics Canada
Condensed Statement of Financial Position (Unaudited)
As at March 31, 2014 ($)
  2013/2014 2012/2013 Difference (2013/2014 minus 2012/2013)
Total net liabilities 82,994,542 107,433,302 (24,438,760)
Total net financial assets 39,541,306 40,092,560 (551,254)
Departmental net debt 43,453,236 67,340,742 (23,887,506)
Total non-financial assets 136,658,898 126,711,516 9,947,382
Departmental net financial position 93,205,662 59,370,774 33,834,888

The Agency’s net financial position was $93.2 million at the end of 2013/2014, an increase of $33.8 million from $59.4 million in 2012/2013. This increase is mostly due to the decrease in employee future benefits, related to the signing of collective agreements.

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