Transparency
Parks Canada Financial Statements
Statement of Management Responsibility
Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2015, and all information contained in these statements rests with the management of the Parks Canada Agency. These financial statements have been prepared by management using the Government's accounting policies, which are based on Canadian Public Sector Accounting Standards. They have been approved by the Executive Management Committee of the Agency and presented to the Audit Committee of the Agency.
Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the Agency's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in the Agency's Departmental Performance Report, is consistent with these financial statements.
Management is also responsible for maintaining an effective system of internal control over financial reporting designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.
Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the Agency; and through conducting an annual risk-based assessment of the effectiveness of the system of internal control over financial reporting.
The system of internal control over financial reporting is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.
A risk-based assessment of the system of internal control over financial reporting for the year ended March 31, 2015 was completed in accordance with the Treasury Board Policy on Internal Control and the results and action plans are summarized in the annex.
The effectiveness and adequacy of the Agency's system of internal control is reviewed by the work of internal audit staff, who conduct periodic audits of different areas of the Agency's operations, and by the Audit Committee, which oversees management's responsibilities for maintaining adequate control systems and the quality of financial reporting, and which recommends the financial statements to the Chief Executive Officer.
The financial statements of the Agency have not been audited.
Daniel Watson,
Chief Executive Officer
Gatineau, Canada
August 28, 2015
Sylvain Michaud,
Chief Financial Officer
Gatineau, Canada
August 27, 2015
Statement of Financial Position (Unaudited)
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Liabilities | ||
| Accounts payable and accrued liabilities (Note 3) | 92,447 | 81,975 |
| Deferred revenue (Note 4) | 19,068 | 16,253 |
| Lease obligation for tangible capital assets (Note 5) | 3,518 | 3,831 |
| Employee future benefits (Note 6) | 11,367 | 13,561 |
| Environmental liability (Note 7) | 24,172 | 20,761 |
| Total liabilities | 150,572 | 136,381 |
| Financial assets | ||
| Due from the Consolidated Revenue Fund (Note 8) | 104,165 | 89,789 |
| Accounts receivable and advances (Note 9) | 8,124 | 8,785 |
| Total financial assets | 112,289 | 98,574 |
| Net debt | 38,283 | 37,807 |
| Non-financial assets | ||
| Prepaid expenses | 2,598 | 2,553 |
| Inventory (Note 10) | 8,339 | 8,286 |
| Tangible capital assets (Note 11) | 1,939,778 | 1,856,228 |
| Collections and archaeological sites (Note 12) | 1 | 1 |
| Total non-financial assets | 1,950,716 | 1,867,068 |
| Net financial position (Note 13) | 1,912,433 | 1,829,261 |
Statement of Operations and Net Financial Position (Unaudited)
| (in thousands of dollars) | 2015 Planned Results | 2015 | 2014 |
|---|---|---|---|
| Expenses | |||
| Parks Canada Programs | |||
| Heritage Places Establishment | 28,680 | 17,051 | 24,773 |
| Heritage Resources Conservation | 177,546 | 146,052 | 138,788 |
| Heritage Places Promotion and Public Support | 45,156 | 47,012 | 45,505 |
| Visitor Experience | 275,387 | 279,944 | 261,839 |
| Heritage Canals, Highways and Townsite Management | 63,837 | 78,186 | 95,904 |
| Internal Services | 71,507 | 100,228 | 98,230 |
| Total expenses | 662,113 | 668,473 | 665,039 |
| Revenues | |||
| Entrance fees | 60,050 | 61,921 | 59,038 |
| Recreational fees | 24,622 | 26,097 | 24,504 |
| Rentals and concessions | 22,407 | 25,653 | 22,281 |
| Other operating revenues | 5,057 | 6,288 | 5,942 |
| Townsites revenues | 3,360 | 2,880 | 3,085 |
| Staff housing | 3,111 | 3,190 | 3,022 |
| Revenues earned on behalf of Government | (172) | (72) | (50) |
| Total revenues | 118,435 | 125,957 | 117,822 |
| Net cost from continuing operations | 543,678 | 542,516 | 547,217 |
| Transferred operations (Note 20) | |||
| Expenses | - | 536 | |
| Net cost of operations before government funding and transfers | 542,516 | 547,753 | |
| Government funding and transfers | |||
| Net cash provided by Government | 578,446 | 556,480 | |
| Change in due from Consolidated Revenue Fund | 14,376 | 15,454 | |
| Services provided without charge by other government departments (Note 16a) | 43,272 | 44,513 | |
| Transfer of the transition payments for implementing salary payments in arrears (Note 18) | (10,385) | - | |
| Transfer of assets and liabilities from (to) other government departments | (21) | 16 | |
| Total government funding and transfers | 625,688 | 616,463 | |
| Net cost of operations after government funding and transfers | (83,172) | (68,710) | |
| Net financial position - Beginning of year | 1,829,261 | 1,760,551 | |
| Net financial position - End of year | 1,912,433 | 1,829,261 | |
Segmented information (Note 19)
Statement of Change in Net Debt (Unaudited)
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Net cost of operations after government funding and transfers | (83,172) | (68,710) |
| Change due to tangible capital assets | ||
| Acquisitions and improvements to tangible capital assets | 168,889 | 110,399 |
| Amortization of tangible capital assets | (81,684) | (81,221) |
| Proceeds from disposal of tangible capital assets | (1,342) | (2,988) |
| Net loss on disposal of tangible capital assets including adjustments | (2,292) | (1,026) |
| Transfer from (to) other government departments | (21) | 16 |
| Total change due to tangible capital assets | 83,550 | 25,180 |
| Change due to inventory | 53 | 1,014 |
| Change due to prepaid expenses | 45 | (536) |
| Net increase (decrease) in net debt | 476 | (43,052) |
| Net debt - Beginning of year | 37,807 | 80,859 |
| Net debt - End of year | 38,283 | 37,807 |
Statement of Cash Flows (Unaudited)
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Operating activities | ||
| Net cost of operations before government funding and transfers | 542,516 | 547,753 |
| Non-cash items: | ||
| Amortization of tangible capital assets | (81,684) | (81,221) |
| Net loss on disposal of tangible capital assets including adjustments | (2,292) | (1,026) |
| Services provided without charge by other government departments (Note 16a) | (43,272) | (44,513) |
| Transition payments for implementing salary payments in arrears (Note 18) | 10,385 | - |
| Variations in Statement of Financial Position: | ||
| (Decrease) increase in accounts receivable and advances | (661) | 1,787 |
| Increase (decrease) in prepaid expenses | 45 | (536) |
| Increase in inventory | 53 | 1,014 |
| Increase in accounts payable and accrued liabilities | (10,472) | (14,185) |
| Increase in deferred revenue | (2,815) | (1,037) |
| Decrease in employee future benefits | 2,194 | 40,781 |
| Increase in environmental liability | (3,411) | (57) |
| Cash used in operating activities | 410,586 | 448,760 |
| Capital investing activities | ||
| Acquisitions and improvements to tangible capital assets | 168,889 | 110,399 |
| Proceeds from disposal of tangible capital assets | (1,342) | (2,988) |
| Cash used in capital investing activities | 167,547 | 107,411 |
| Financing activities | ||
| Lease payments for tangible capital assets | 313 | 309 |
| Cash used in financing activities | 313 | 309 |
| Net cash provided by Government of Canada | 578,446 | 556,480 |
Notes to the Financial Statements (Unaudited) for the Year Ended March 31, 2015
1. Authority and objectives
In December 1998, Parks Canada Agency (the Agency) was established under the Parks Canada Agency Act as a departmental corporation and acts as an agent of Her Majesty in Right of Canada. The Parks Canada Agency is a separate entity listed under Schedule II of the Financial Administration Act and reports to the Minister of the Environment. The Agency is not subject to the provisions of the Income Tax Act.
The Agency's mandate is to protect and present nationally significant examples of Canada's natural and cultural heritage, and foster public understanding, appreciation and enjoyment in ways that ensure the ecological and commemorative integrity of these places for present and future generations. In carrying out its mandate, the Agency delivers the programs set out in the Agency's legislation and authorities.
The authorities for the programs for which Parks Canada is responsible are mainly derived from the Parks Canada Agency Act, the Canada National Parks Act, the Historic Sites and Monuments Act, the Canada National Marine Conservation Areas Act ,the Department of Transport Act, the Heritage Railway Stations Protection Act, the Heritage Lighthouse Protection Act , and the Species at Risk Act.
The programs includes:
Heritage Places Establisment: This program aims to establish heritage places in order to conserve Canada's natural and cultural heritage and make it available to Canadians for their benefit and enjoyment, thus fostering a strong sense of connection to our natural heritage and history. This program also supports Canada's involvement in the internationally shared objective of protecting and commemorating the best of the world's natural and cultural heritage. By establishing national parks and national marine conservation areas in each of Canada's natural terrestrial and marine regions, this program ensures the protection of representative examples of Canada's natural diversity. Likewise, the designation and commemoration of historic places, persons and events in communities across Canada ensures our history remains a living legacy for all Canadians. Establishment or designation is achieved through feasibility studies, public nominations, research, consulting with Aboriginal peoples, stakeholders and the general public, negotiating with other governments and Aboriginal organizations, recommendations from advisory bodies and fulfilling legislative requirements. This process results in established national parks and national marine conservation areas and designated national historic sites, persons and events of Canada and other heritage places.
Heritage Places Conservation: This program aims to protect and conserve the natural and cultural resources of heritage places managed by Parks Canada and to fulfill responsibilities assigned to Parks Canada under federal legislation. Protection and conservation activities in a national urban park, national parks, national marine conservation areas, heritage canals and Parks Canada administered national historic sites ensure that these heritage places are maintained and used in ways that leave them unimpaired for the benefit and enjoyment of present and future generations.
Heritage Places Promotion and Public Support: This program aims to nurture a sense of pride in and support for Parks Canada administered places by increasing Canadians' awareness, appreciation of their value and the various ways to experience them. This is achieved through relevant and effective heritage places promotion initiatives delivered to Canadians, reaching them in their daily lives. Some of these promotion activities are done in collaboration with stakeholders and partners to reach and engage more Canadians.
Visitor Experience: This program fosters opportunities for Canadians and international visitors to discover, experience, enjoy and develop a sense of personal connection to Canada's national urban park, national parks, national historic sites administered by Parks Canada, national marine conservation areas, and heritage canals. This program includes a range of activities, services and products associated with pre-visit planning, the on-site visit, and post visit communications. It includes tourism marketing, trip planning information, reception, orientation, interpretation, recreation, special events, merchandise, compliance and visitor safety services, and visitor facilities. The program is supported by market and visitor analytics, trend analysis, and performance measurement.
Heritage Canals, Highways and Townsites Management: This program involves the management of infrastructure for Canadians and provides opportunities for socio-economic benefits to adjacent communities. It is related to the operation, maintenance and improvement of the Trans-Canada and provincially numbered highways within national parks and a national historic site; the water management of certain heritage canals; and, the provision of municipal services to certain national park townsites.
Internal Services: Internal Services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups are: Management and Oversight Services; Communications Services; Legal Services; Human Resources Management Services; Financial Management Services; Information Management Services; Information Technology Services; Real Property Services; Materiel Services; Acquisition Services; and Other Administrative Services. Internal Services include only those activities and resources that apply across an organization and not to those provided specifically to a program.
2. Summary of significant accounting policies
These financial statements have been prepared using the Government's accounting policies stated below, which are based on Canadian Public Sector Accounting Standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian Public Sector Accounting Standards.
Significant accounting policies are as follows:
(a) Parliamentary authorities
The Agency is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to the Agency do not parallel financial reporting according to Canadian generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Net Financial Position and in the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. Note 17 provides a reconciliation between the bases of reporting. The planned results amounts in the “Expenses” and “Revenues” sections of the Statement of Operations and Net Financial Position are the amounts reported in the Future-oriented Statement of Operations included in the 2014-2015 Report on Plans and Priorities. Planned results are not presented in the “Government funding and transfers” section of the Statement of Operations and Net Financial Position and in the Statement of Change in Net Debt because these amounts were not included in the 2014-2015 Report on Plans and Priorities.
(b) Net cash provided by Government
The Agency operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by the Agency is deposited to the CRF, and all cash disbursements made by the Agency are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.
(c) Due from the CRF
Amounts due from or to the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that the Agency is entitled to draw from the CRF without further authorities to discharge its liabilities.
(d) Inventory
Inventory consists of consumable supplies. Inventory is valued at cost using the average cost method. If there is no longer any service potential, inventory is valued at the lower of cost or net realizable value.
(e) Tangible capital assets
(i) Tangible capital assets (excluding land)
All tangible capital assets and leasehold improvements having an initial cost of $10,000 or more are recorded at their acquisition cost. Intangible assets are not capitalized. Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:
| Capital Assets Class | Amortization Period |
|---|---|
| Buildings | 25-50 years |
| Fortifications | 50-100 years |
| Leasehold improvements | Lesser of the remaining term of the lease or useful life of the improvement |
| Leased tangible capital assets | Term of lease or economic life of the property if the lease contains a bargain purchase option |
| Improved grounds | 10-40 years |
| Roads | 40 years |
| Bridges | 25-50 years |
| Canals and marine facilities | 25-80 years |
| Utilities | 20-40 years |
| Vehicles and equipment | 3-15 years |
| Exhibits | 5-10 years |
Assets under construction are recorded in the applicable capital asset class in the year that they become available for use and are not amortized until they become available for use.
(ii) Land
Acquired lands are recorded at historical cost. Crown lands acquired as a result of Confederation or the subsequent joining of a province or territory are recorded at a nominal value. Donated lands are recorded at their estimated market value at time of acquisition.
(f) Collections and archaeological sites
Collections and archaeological sites are recorded at nominal value.
(g) Employee future benefits
- Pension benefits : Eligible employees participate in the Public Service Pension Plan, a multiemployer pension plan administered by the Government. The Agency's contributions to the Plan are charged to expenses in the year incurred and represent the total obligation to the Plan. Current legislation does not require the Agency to make contributions for any actuarial deficiencies of the Plan.
- Severance benefits : Employees entitled to severance benefits under labour contracts or conditions of employment earn these benefits as services necessary to earn them are rendered. The obligation relating to the benefits earned by employees is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.
(h) Expenses
Expenses are recorded on an accrual basis:
- Transfer payments are recorded as expenses when authorization for the payment exists and the recipient has met the eligibility criteria or the entitlements established for the transfer payment program. In situations where payments do not form part of an existing program, transfer payments are recorded as expenses when the Government announces a decision to make a non-recurring transfer, provided the enabling legislation or authorization for payment receives parliamentary approval prior to the completion of the financial statements. Transfer payments that become repayable as a result of conditions specified in the contribution agreement that have come into being are recorded as a reduction to transfer payment expense and as a receivable.
- Services received without charge by other government departments for accommodation, employer contributions to the health and dental insurance plans, legal services and workers' compensation are recorded as operating expenses at their estimated cost. A corresponding amount is credited directly to the Net financial position.
- Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.
(i) Accounts receivable
Accounts receivable are stated at the lower of cost and net recoverable value. A valuation allowance is recorded for accounts receivable where recovery is considered uncertain.
(j) Contingent liabilities
Contingent liabilities are potential liabilities that may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or if an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.
(k) Environmental liability
Environmental liabilities consist of estimated costs related to the remediation of contaminated sites. A liability for remediation of contaminated sites is recognized when all of the following criteria are satisfied: an environmental standard exists, contamination exceeds the environmental standard, the government is directly responsible or accepts responsibility, it is expected that future economic benefits will be given up and a reasonable estimate of the amount can be made. The liability reflects the Government’s best estimate of the amount required to remediate the sites to the current minimum standard for its use prior to contamination. When the cash flows required to settle or otherwise extinguish a liability are expected to occur over extended future periods, a present value technique is used. The discount rate applied is taken from the government’s consolidated revenue fund monthly lending rates for periods of one year and over. The discount rates used are based on the term rate associated with the estimated number of years to complete remediation.
The recorded environmental liabilities are adjusted each year, as required, for present value adjustments, inflation, new obligations, changes in management estimates, and actual costs incurred.
(l) Revenues
Entrance fees, recreational fees, rental and concessions, townsites, staff housing and other operating revenues are recognized in the year in which the goods or services are provided by the Agency.
Funds received from external parties for specified purposes are recorded upon receipt as deferred revenue. These revenues are recognized in the period in which the related expenses are incurred.
Funds that have been received are recorded as deferred revenue, provided the Agency has an obligation to other parties for the provision of goods, services or the use of assets in the future.
Other revenues are accounted for in the period in which the underlying transaction or event that gave rise to the revenue takes place.
Revenues that are non-respendable are not available to discharge the Agency's liabilities. While the Agency is expected to maintain accounting control, it has no authority regarding the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented in reduction of the Agency's gross revenues.
(m) Measurement uncertainty
The preparation of these financial statements in accordance with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. The most significant items where estimates are used are contingent liabilities, environmental liabilities, the liability for employee future benefits, the useful life of tangible capital assets and the lease obligation for tangible capital assets. Actual results could significantly differ from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.
3. Accounts payable and accrued liabilities
The following table presents details of the Agency’s accounts payable and accrued liabilities:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Accounts payable - Other government departments and agencies | 14,506 | 12,151 |
| Accounts payable - External parties | 60,803 | 61,460 |
| Total accounts payable | 75,309 | 73,611 |
| Accrued liabilities | 17,138 | 8,364 |
| Total accounts payable and accrued liabilities | 92,447 | 81,975 |
In Canada's Economic Action Plan 2012, the Government announced savings measures to be implemented by departments over the next three fiscal years starting in 2012-2013. As a result, the Agency has recorded at March 31, 2015, an obligation for termination benefits for an amount of $149,214 ($254,972 in 2013-2014) as part of accrued liabilities to reflect the estimated workforce adjustment costs.
The Government implemented salary payments in arrears in 2014-2015. As a result, the Agency has recorded at March 31, 2015, two additional weeks of salary as part of accrued liabilities.
4. Deferred Revenue
Deferred revenue represents the balance at year-end of unearned revenues stemming from amounts received from external parties that are restricted in order to fund the expenditures related to specific research projects and stemming from amounts received for fees prior to services being performed. Revenue is recognized in the period in which these expenditures are incurred or in which the service is performed. Details of the transactions related to this account are as follows:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Deferred revenue - Beginning of year | 16,253 | 15,216 |
| Amounts received | 15,581 | 13,038 |
| Revenue recognized | (12,766) | (12,001) |
| Deferred revenue - End of year | 19,068 | 16,253 |
5. Lease obligation for tangible capital assets
The Agency has entered into agreements to lease commercial and office space under capital leases with a cost of $21,171,904 and accumulated amortization of $6,334,837 as at March 31, 2015 ($21,171,904 and $5,639,609 respectively as at March 31, 2014). The obligations related to the upcoming years include the following:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| 2014-15 | - | 544 |
| 2015-16 | 544 | 544 |
| 2016-17 | 544 | 544 |
| 2017-18 | 544 | 544 |
| 2018-19 | 544 | 544 |
| 2019-20 and thereafter | 2,482 | 2,436 |
| Total future minimum lease payment | 4,658 | 5,156 |
| Less: imputed interest (6.3%) | 1,140 | 1,325 |
| Balance of obligations under leased tangible capital assets | 3,518 | 3,831 |
6. Employee future benefits
(a) Pension benefits
The Agency's employees participate in the Public Service Pension Plan, which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Québec Pension Plan benefits and they are indexed to inflation.
Both the employees and the Agency contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013. Each group has a distinct contribution rate.
The 2014-2015 expense amounts to $32,292,719 ($33,770,257 in 2013-2014). For Group 1 members, the expense represents approximately 1.41 times (1.6 times in 2013-2014) the employee contributions and, for Group 2 members, approximately 1.39 times (1.5 times in 2013-2014) the employee contributions.
The Agency's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the Financial Statements of the Government of Canada, as the Plan's sponsor.
(b) Severance benefits
The Agency provided severance benefits to its employees based on eligibility, years of service and salary at termination of employment. These severance benefits are not pre-funded. Benefits will be paid from future authorities. Information about the severance benefits, measured as at March 31, is as follows:
As part of collective agreement negotiations, the accumulation of severance benefits under the employee severance pay program ceased commencing in 2012. Employees have been given the option to be immediately paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits on termination from the public service. These changes have been reflected in the calculation of the outstanding severance benefit obligation.
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Accrued benefit obligation - Beginning of year | 13,561 | 54,342 |
| Expense for the year | 1,286 | 2,182 |
| Benefits paid during the year | (3,480) | (42,963) |
| Accrued benefit obligation - End of year | 11,367 | 13,561 |
7. Environmental liability
The government has developed a “Federal Approach to Contaminated Sites”, which incorporates a risk-based approach to the management of contaminated sites. Under this approach the Government has inventoried the contaminated sites on federal lands that have been identified, allowing them to be classified, managed and recorded in a consistent manner. This systematic approach aides in the identification of the high risk sites in order to allocate limited resources to those sites which pose the highest risk to the environment and human health.
The Agency has identified approximately 474 sites (476 sites in 2013-2014) where contamination may exist and assessment, remediation and monitoring may be required. Of these, the Agency has identified 82 sites (75 sites in 2013-2014) where action is possible and for which a net liability of $24,171,903 ($20,761,201 in 2013-2014) has been recorded. This liability represents management’s best estimate of the amount required to complete the remediation of the sites to the current minimum standard for its use prior to contamination, based on information available at the financial statement date. A net present value technique has been used for sites where the cash flows are expected to occur over extended future periods.
The following table presents the total estimated amounts of these liabilities by nature and source, the associated expected recoveries and the total undiscounted future expenditures as at March 31, 2015, and March 31, 2014. When the liability estimate is based on a future cash requirement, the Government of Canada lending rate applicable to loans with similar terms to maturity has been used to discount the estimated future expenditures. The March 2015 rates range from 0.61% for 2 year term to 2.12% for a 25 or greater year term. No recoveries are estimated.
| (in thousands of dollars) | Number of Sites 2015 | Estimated Liability 2015 | Estimated Total Undiscounted Expenditures 2015 | Number of Sites 2014 | Estimated Liability 2014 | Estimated Total Undiscounted Expenditures 2014 |
|---|---|---|---|---|---|---|
| Former Mineral Exploration Sites(1) | 4 | 3,756,876 | 3,832,897 | 3 | 3,685,450 | 3,849,241 |
| Fuel Related Pratices(2) | 19 | 2,281,895 | 2,328,069 | 18 | 2,629,652 | 2,746,521 |
| Landfill/Waste Sites(3) | 23 | 6,548,508 | 6,681,017 | 25 | 4,841,516 | 5,056,685 |
| Engineered Asset/Air & Land Transportation(4) | 3 | 444,932 | 453,935 | 3 | 550,945 | 575,430 |
| Marine Facilities/Aquatic Sites(5) | 3 | 157,365 | 160,549 | 2 | 54,958 | 57,400 |
| Office/Commercial/Industry Operations(6) | 21 | 9,139,523 | 9,324,461 | 18 | 8,061,244 | 8,419,507 |
| Other(7) | 9 | 1,842,804 | 1,880,093 | 6 | 937,436 | 979,099 |
| Totals | 82 | 24,171,903 | 24,661,021 | 75 | 20,761,201 | 21,683,883 |
(2) Contamination primarily associated with fuel storage and handling, e.g. accidental spills related to fuel storage tanks or former fuel handling practices, e.g. petroleum hydrocarbons, polyaromatic hydrocarbons as well as benzene, toluene, ethylbenzene, and xylenes (BTEX).
(3) Contamination associated with former landfill/waste site or leaching from materials deposited in the landfill/waste site, e.g. metals, petroleum hydrocarbons, polyaromatic hydrocarbons, BTEX, other organic contaminants, etc.
(4) Contamination associated with the operations of engineered assets such as airports, railways and roads where activities such as, fuel storage/handling, waste sites, firefighting training facilities and chemical storage areas resulted in former or accidental contamination, e.g. metals, petroleum hydrocarbons, polyaromatic hydrocarbons, and other organic contaminants. Sites often have multiple sources of contamination.
(5) Contamination associated with the operations of marine assets, e.g. port facilities, harbours, navigation systems, light stations, hydrometric, where activities such as fuel storage/handling, use of metal based paint (e.g. on light stations) resulted in former or accidental contamination, e.g. metals, petroleum hydrocarbons, polyaromatic hydrocarbons and other organic contaminants. Sites often have multiple sources of contamination.
(6) Contamination associated with the operations of the office/commercial/industrial facilities where activities such as fuel storage/handling. Waste sites and use of metal-based paint resulted in former or accidental contamination, e.g. metals, petroleum hydrocarbons, polyaromatic hydrocarbons, BTEX, etc. Sites often have multiple sources of contamination.
(7) Contamination from other sources, e.g. use of pesticides, herbicides, fertilizers at agricultural sites; use of polychlorinated biphenyls (PCB), firefighting training areas, firing ranges and training facilities, etc.
Of the remaining 392 sites, 235 sites were closed, as they were either remediated or assessed and found not to be contaminated, and there are 157 sites for which an estimated liability has not been determined, primarily due to the fact the sites are not yet fully assessed and contamination has not yet been determined or they have not developed a detailed remediation plan. As the sites are assessed, if contamination is found, and it exceeds the environmental standard, a liability will be recognized as soon as a reasonable estimate can be made.
Of the 157 sites that do not have liabilities, 6 are considered high priority for action because they present a higher risk to human health and the environment. These sites are at various stages of testing and evaluation in order to develop a remediation or risk management startegy. Liabilities will be reported as soon as a reasonable estimate can be determined. 107 sites are considered a medium to low priority based on the low level of risk to human health or the environment. Assessment and remediation will be done on these sites as resources become available. 36 sites are not yet classified because they are only at the initial testing stages and contamination has not yet been determined. 3 sites are not considered a priority for action because information indicates there is likely no significant environmental impact or human health threats and there is likely no need for action unless new information becomes available indicating greater concerns, in which case, the site will be re-examined. 5 sites currently have insufficient information in order to classify. Additional information is required to classify the site but is not available at this time. As additional information becomes available the sites will be re-examined.
The Government’s ongoing efforts to assess contaminated sites may result in additional environmental liabilities. Any additional liabilities will be accrued in the year in which they become known and can be reasonably estimated.
8. Due from Consolidated Revenue Fund
The Agency operates within the Consolidated Revenue Fund (CRF) which is administered by the Receiver General for Canada. All cash received by the Agency is deposited to the CRF and all cash disbursements made by the Agency are paid from the CRF. The following table presents the details of Due from the Consolidated Revenue Fund:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| General operations account | 85,658 | 75,179 |
| Other liabilities | 4,799 | 4,274 |
| New Parks and Historic Sites Account | 13,708 | 10,336 |
| Due from Consolidated Revenue Fund | 104,165 | 89,789 |
Other liabilities represent money received from external organizations which must be used for the purposes for which they are received.Details on the New Parks and Historic Sites Account are disclosed in Note 13.
9. Accounts receivable and advances
The following table presents details of the Agency's accounts receivable and advances balances:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Receivables - Other government departments and agencies | 399 | 1,167 |
| Receivables - External parties | 9,085 | 8,034 |
| Employee advances | 217 | 197 |
| Subtotal | 9,701 | 9,398 |
| Allowance for doubtful accounts on receivables from external parties | (1,577) | (613) |
| Total accounts receivable and advances | 8,124 | 8,785 |
10. Inventory
The following table presents details of the Agency's inventory of consumable supplies, measured at cost using the average cost method:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Stationery, office and miscellaneous supplies | 1,768 | 1,597 |
| Equipment, materials and supplies | 1,539 | 1,458 |
| Top soil, sand, gravel and other crude material | 1,210 | 962 |
| Fuel and other petroleum products | 1,031 | 995 |
| Safety equipment | 895 | 751 |
| Fabricated wood and metal products | 839 | 1,065 |
| Printed books, publications and maps | 407 | 829 |
| Construction material and supplies | 388 | 375 |
| Uniforms and protective clothing | 262 | 254 |
| Total inventory | 8,339 | 8,286 |
The cost of consumed inventory recognized as an expense in the Statement of Operations and Net Financial Position is $38,361,607 in 2014-2015 ($35,589,943 in 2013-2014).
11. Tangible capital assets
| (in thousands of dollars) | Cost | ||||
|---|---|---|---|---|---|
| Opening Balance | Acquisitions | Adjustments(1) | Disposals and Write-offs | Closing Balance | |
| Tangible capital assets | |||||
| Land | 176,367 | 2,016 | 288 | 282 | 178,389 |
| Buildings, fortifications and leasehold improvements | 931,076 | 5,792 | 8,085 | 4,830 | 940,123 |
| Improved grounds | 663,763 | 3,167 | 2,835 | 2,636 | 667,129 |
| Roads | 1,240,362 | 3,585 | 5,217 | 336 | 1,248,828 |
| Bridges | 358,834 | 8,093 | 1,471 | 179 | 368,219 |
| Canal and marine facilities | 587,232 | 1,107 | 1,871 | 336 | 589,874 |
| Utilities | 250,827 | 2,825 | 7,509 | 8,321 | 252,840 |
| Vehicles and equipment | 137,027 | 9,431 | 3,177 | 7,159 | 142,476 |
| Exhibits | 108,080 | 418 | 1,100 | 5,770 | 103,828 |
| 4,453,568 | 36,434 | 31,553 | 29,849 | 4,491,706 | |
| Assets under construction | |||||
| Buildings, fortifications and leasehold improvements | 23,602 | 23,823 | (8,952) | 209 | 38,264 |
| Improved grounds | 4,829 | 7,712 | (2,189) | 247 | 10,105 |
| Roads | 7,465 | 53,342 | (5,557) | 581 | 54,669 |
| Bridges | 6,845 | 14,551 | (898) | 299 | 20,199 |
| Canal and marine facilities | 18,850 | 16,168 | (1,752) | - | 33,266 |
| Utilities | 15,067 | 8,022 | (7,328) | 535 | 15,226 |
| Vehicles and equipment | 4,915 | 8,123 | (2,924) | - | 10,114 |
| Exhibits | 1,120 | 714 | (286) | 8 | 1,540 |
| 82,693 | 132,455 | (29,886) | 1,879 | 183,383 | |
| Leased tangible capital assets | |||||
| Buildings, fortifications and leasehold improvements | 20,968 | - | - | - | 20,968 |
| Vehicles and equipment | 204 | - | - | - | 204 |
| 21,172 | - | - | - | 21,172 | |
| Total | 4,557,433 | 168,889 | 1,667 | 31,728 | 4,696,261 |
| (in thousands of dollars) | Opening Balance | Amortization | Adjustments | Disposals and Write-offs | Closing Balance | Net Book Value | |
|---|---|---|---|---|---|---|---|
| 2015 | 2014 | ||||||
| Tangible capital assets | |||||||
| Land | - | - | - | - | - | 178,389 | 176,367 |
| Buildings, fortifications and leasehold improvements | 617,621 | 17,897 | (1,486) | 3,994 | 630,038 | 310,085 | 313,455 |
| Improved grounds | 567,011 | 8,180 | (445) | 2,536 | 572,210 | 94,919 | 96,752 |
| Roads | 752,199 | 24,640 | - | 300 | 776,539 | 472,289 | 488,163 |
| Bridges | 118,063 | 6,827 | 3 | 134 | 124,759 | 243,460 | 240,771 |
| Canal and marine facilities | 325,977 | 7,007 | (109) | 176 | 332,699 | 257,175 | 261,255 |
| Utilities | 128,544 | 5,624 | 559 | 6,804 | 127,923 | 124,917 | 122,283 |
| Vehicles and equipment | 94,945 | 7,922 | 433 | 6,942 | 96,358 | 46,118 | 42,082 |
| Exhibits | 91,205 | 2,892 | 930 | 5,405 | 89,622 | 14,206 | 16,875 |
| 2,695,565 | 80,989 | (115) | 26,291 | 2,750,148 | 1,741,558 | 1,758,003 | |
| Assets under construction | |||||||
| Buildings, fortifications and leasehold improvements | 38,264 | 23,602 | |||||
| Improved grounds | 10,105 | 4,829 | |||||
| Roads | 54,669 | 7,465 | |||||
| Bridges | 20,199 | 6,845 | |||||
| Canal and marine facilities | 33,266 | 18,850 | |||||
| Utilities | 15,226 | 15,067 | |||||
| Vehicles and equipment | 10,114 | 4,915 | |||||
| Exhibits | 1,540 | 1,120 | |||||
| 183,383 | 82,693 | ||||||
| Leased tangible capital assets | |||||||
| Buildings, fortifications and leasehold improvements | 5,436 | 695 | - | - | 6,131 | 14,837 | 15,532 |
| Vehicles and equipment | 204 | - | - | - | 204 | - | - |
| 5,640 | 695 | - | - | 6,335 | 14,837 | 15,532 | |
| Total | 2,701,205 | 81,684 | (115) | 26,291 | 2,756,483 | 1,939,778 | 1,856,228 |
During 2014-2015, the Agency transferred land with a net book value of $186 and a building with a net book value of $14,320 to Royal Canadian Mounted Police, as well as, equipment with a net book value of $15,767 to Shared Services Canada. Also, during 2014-2015 the Agency transferred in vehicles with a net book value of $8,904 from Fisheries and Oceans Canada and Transport Canada. These transfers are included in the adjustments column.
12. Collections and Archaeological Sites
Core to the Agency's mandate to protect and present nationally significant examples of our cultural heritage is the management of collections and archaeological sites. Although not capitalized like other cultural assets such as buildings or fortifications, these treasures have inestimable cultural value.
(a) Collections
The Agency manages collections that are made up of archaeological and historical objects.
The collection of archaeological objects includes specimens and records that represent a cross-section of human habitation and activities. These holdings consist of a range of functional groups of artifacts that represent domestic activities to industrial processes and includes tools, ships' fittings, as well as soil and botanical samples.
The collection of historic objects dates from the 10th century to the present day. They encompass ethnographic material, civilian, military and fur trade items, furniture and furnishings, tools and documents.
In addition, the Agency manages a collection of reproductions including period costumes, tools and furniture that have been copied from original objects or made based on historical data.
(b) Archaeological sites
An archaeological site encompasses surface, subsurface, or submerged remains of human activity. Archaeologists define a site by identifying the different activities that were conducted within an area. There are many archaeological sites identified within Parks Canada's 168 national historic sites, 46 national parks, and 4 marine conservation areas. The types of sites vary greatly, from Aboriginal villages, hunting camps, observation areas, and animal processing areas, to European fur trade and military posts, battlefields, shipwrecks, homesteads, and transportation and industrial sites.
13. Net financial position
A portion of the Net financial position is used for a specific purpose. Related revenues and expenses are included in the Statement of Operations and Net Financial Position.
The New Parks and Historic Sites Account was established pursuant to the Parks Canada Agency Act. Funds are provided to the New Parks and Historic Sites Account by voted authorities, proceeds from the sale of lands and buildings that are surplus to operational requirements and all general donations. Furthermore, the Minister of Finance may, on the request of the Minister of the Environment, authorize the making of advances of up to $10 million to the New Parks and Historic Sites Account. All amounts received remain in this account until eligible capital expenditures are made for the purpose of establishing or developing new parks or historic sites and heritage areas, in compliance with the terms and conditions set out in the Parks Canada Agency Act and related Treasury Board directives. The balance of the account is to be used to acquire lands or property required to establish any national park, national historic site or other protected heritage area that has not yet attained full operation status, and to make any related contributions. Activity in the account is as follows:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Restricted - New Parks and Historic Sites Account | ||
| Restricted - Available at beginning of year | 10,336 | 7,932 |
| Receipts: | ||
| Parliamentary authorities | 3,500 | 500 |
| Proceeds on disposal of tangible capital assets | 924 | 2,950 |
| Donations | 26 | 7 |
| 4,450 | 3,457 | |
| Expenditures: | ||
| Capital expenditures | 1,078 | 1,053 |
| 1,078 | 1,053 | |
| Restricted - Available at end of year | 13,708 | 10,336 |
| Unrestricted | 1,898,725 | 1,818,925 |
| Net financial position at year end | 1,912,433 | 1,829,261 |
14. Contingent Liabilities
Contingent liabilities arise in the normal course of operations and their ultimate disposition is unknown.
Claims have been made against the Agency in the normal course of operations. These claims include items with pleading amounts and other for which no amount is specified. While the total amount claimed in these actions is significant, their outcomes are not determinable. The Agency has recorded an allowance for claims and litigations where it is likely that there will be a future payment and a reasonable estimate of the loss can be made. Claims and litigations for which the outcome is not determinable and a reasonable estimate can be made by management amount to approximately $24,260,000 ($15,960,000 in 2013-2014) at March 31, 2015.
15. Contractual obligations
The nature of the Agency's activities can result in some large multi-year contracts and obligations whereby the Agency will be obligated to make future payments in order to carry out its transfer payment programs or when the services/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:
| (in thousands of dollars) | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 and thereafter | Total |
|---|---|---|---|---|---|---|
| Operating leases | 1,129 | 550 | 484 | 435 | 1,392 | 3,990 |
| Purchases and transfer payments | 150,007 | 64,565 | 8,709 | 735 | 998 | 225,014 |
| Total | 151,136 | 65,115 | 9,193 | 1,170 | 2,390 | 229,004 |
16. Related party transactions
The Agency is related as a result of common ownership to all government departments, agencies, and Crown corporations. The Agency enters into transactions with these entities in the normal course of business and on normal trade terms. During the year, the Agency received common services which were obtained without charge from other government departments as disclosed below.
a) Common services provided without charge by other government departments
During the year, the Agency received services without charge from certain common service organizations, related to accommodation, legal services, the employer's contribution to the health and dental insurance plans and workers' compensation coverage. These services provided without charge have been recorded in the Agency's Statement of Operations and Net Financial Position as follows:
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Employer's contribution to the health and dental insurance plans | 24,004 | 25,879 |
| Accommodation | 18,333 | 17,684 |
| Legal services | 882 | 832 |
| Workers' compensation | 53 | 118 |
| Total | 43,272 | 44,513 |
The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Works and Government Services Canada as well as the email, network and data centre services and the workplace technology devices provided by Shared Services Canada are not included in the Statement of Operations and Net Financial Position.
(b) Other transactions with related parties
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Accounts receivable - Other government departments and agencies | 399 | 1,167 |
| Accounts payable - Other government departments and agencies | 14,506 | 12,151 |
| Expenses - Other Government departments and agencies | 99,664 | 79,600 |
| Revenues - Other Government departments and agencies | 678 | 1,642 |
Expenses and revenues disclosed in (b) exclude common services provided without charge, which are already disclosed in (a).
17. Parliamentary authorities
The Agency receives most of its funding through annual parliamentary authorities. Items recognized in the Statement of Operations and Net Financial Position and the Statement of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the Agency has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:
(a) Reconciliation of net cost of operations to current year authorities used
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Net cost of operations before government funding and transfers | 542,516 | 547,753 |
| Revenues received pursuant to section 20 of the Parks Canada Agency Act | 125,957 | 117,822 |
| Adjustments for items affecting net cost of operations but not affecting authorities: | ||
| Amortization of tangible capital assets | (81,684) | (81,221) |
| Services provided without charge by other government departments | (43,272) | (44,513) |
| Net loss on disposal of tangible capital assets including adjustments | (2,292) | (1,026) |
| Increase in vacation pay and compensatory leave | (40) | (678) |
| Decrease in employee future benefits | 2,194 | 40,781 |
| Increase in environmental liability | (3,411) | (57) |
| Decrease (increase) in accrued liabilities not charged to authorities | (297) | 1,112 |
| Bad debt expense | (963) | (104) |
| Refund of prior years' expenditures | 1,484 | 1,415 |
| Other | (107) | (945) |
| Total items affecting net cost of operations but not affecting authorities | (128,388) | (85,236) |
| Adjustments for items not affecting net cost of operations but affecting authorities: | ||
| Acquisitions and improvements to tangible capital assets | 168,889 | 110,399 |
| Proceeds from disposal of tangible capital assets | (1,342) | (2,988) |
| Decrease in lease obligation for tangible capital assets | 313 | 309 |
| Increase in inventory | 53 | 1,014 |
| Increase (decrease) in prepaid expenses | 45 | (536) |
| Transition payments for implementing salary payments in arrears | 10,385 | - |
| Increase in New Parks and Historic Sites Account | 3,372 | 2,404 |
| Total items not affecting net cost of operations but affecting authorities | 181,715 | 110,602 |
| Current year authorities used | 721,800 | 690,941 |
(b) Authorities provided and used
| (in thousands of dollars) | 2015 | 2014 |
|---|---|---|
| Authorities provided: | ||
| Vote 1 - Program expenditures | 652,635 | 667,236 |
| Vote 5 - New Parks and Historic Sites Account | 3,500 | 500 |
| Statutory amounts: | ||
| Expenditures equivalent to revenue received pursuant to section 20 of the Parks Canada Agency Act | 128,678 | 119,060 |
| Contributions to employee benefit plans | 47,239 | 48,030 |
| Total authorities | 832,052 | 834,826 |
| Less: | ||
| Authorities available for future years | 66,271 | 125,049 |
| Lapsed authorities | 43,981 | 18,836 |
| Current year authorities used | 721,800 | 690,941 |
18. Transfer of the transition payments for implementing salary payments in arrears
The Government of Canada implemented salary payments in arrears in 2014-15. As a result, a one-time payment was issued to employees and will be recovered from them in the future. The transition to salary payments in arrears forms part of the transformation initiative that replaces the pay system and also streamlines and modernizes the pay processes. This change to the pay system had no impact on the expenses of the Agency. However, it did result in the use of additional spending authorities by the Agency. Prior to year end, the transition payments for implementing salary payments in arrears were transferred to a central account administered by Public Works and Government Services Canada, who is responsible for the administration of the Government pay system.
19. Segmented Information
Presentation by segment is based on the Agency's program alignment architecture. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in Note 2. The following table presents the expenses incurred and revenues generated for the main programs, by major object of expenses and by major type of revenues. The segment results for the period are as follows:
| (in thousands of dollars) | Heritage Places Establishment | Heritage Places Conservation | Heritage Places Promotion and Public Support | Visitor Experience | Heritage Canals, Highways and Townsite Management | Internal Services | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Salaries and employee benefits | 5,196 | 81,960 | 31,501 | 147,486 | 23,793 | 66,173 | 356,109 | 345,866 |
| Operating expenses | ||||||||
| Professional and special services | 1,186 | 19,306 | 3,031 | 17,989 | 5,728 | 10,333 | 57,573 | 62,315 |
| Amortization of tangible capital assets | 14 | 6,913 | 320 | 43,378 | 24,585 | 6,474 | 81,684 | 81,221 |
| Utilities, materials and supplies | 276 | 10,544 | 1,662 | 30,565 | 12,832 | 3,651 | 59,530 | 56,320 |
| Repairs and maintenance | 43 | 2,474 | 81 | 11,409 | 6,985 | 440 | 21,432 | 28,748 |
| Accommodation | 265 | 4,197 | 1,606 | 7,640 | 1,249 | 3,376 | 18,333 | 17,683 |
| Transportation and communications | 443 | 4,985 | 2,136 | 3,885 | 600 | 2,304 | 14,353 | 14,313 |
| Rentals | 95 | 8,763 | 573 | 4,481 | 843 | 3,293 | 18,048 | 13,372 |
| Payments in lieu of taxes | 207 | 3,281 | 1,256 | 5,972 | 976 | 2,639 | 14,331 | 13,015 |
| Information | 37 | 239 | 2,945 | 4,104 | 56 | 457 | 7,838 | 7,299 |
| Miscellaneous expenses | 3,107 | 241 | 5 | 2,275 | 527 | 1,088 | 7,243 | 11,314 |
| Total Operating expenses | 5,673 | 60,943 | 13,615 | 131,698 | 54,381 | 34,055 | 300,365 | 305,600 |
| Grants and contributions | 6,182 | 3,149 | 1,896 | 760 | 12 | - | 11,999 | 13,573 |
| Total expenses | 17,051 | 146,052 | 47,012 | 279,944 | 78,186 | 100,228 | 668,473 | 665,039 |
| Revenues | ||||||||
| Entrance fees | - | - | - | 61,921 | - | - | 61,921 | 59,038 |
| Recreational fees | - | - | - | 26,097 | - | - | 26,097 | 24,504 |
| Rentals and concessions | - | 186 | - | 5,408 | 2,959 | 17,100 | 25,653 | 22,281 |
| Other operating revenues | 300 | 420 | 146 | 2,604 | 733 | 2,085 | 6,288 | 5,942 |
| Townsites revenues | - | - | - | - | 2,880 | - | 2,880 | 3,085 |
| Staff housing | - | - | - | - | - | 3,190 | 3,190 | 3,022 |
| Revenues earned on behalf of Government | - | - | - | - | - | (72) | (72) | (50) |
| Total revenues | 300 | 606 | 146 | 96,030 | 6,572 | 22,303 | 125,957 | 117,822 |
| Net cost from continuing operations | 16,751 | 145,446 | 46,866 | 183,914 | 71,614 | 77,925 | 542,516 | 547,217 |
20. Transfers to Shared Services Canada
At March 31, 2014, the Agency transferred all its workplace technology software expenditures to Shared Services Canada in accordance with Order-in-Council 2013-0368. The expenses transferred amounted to $536,000 and is presented separately as Transferred operations expenses in the Statement of Operations and Net Financial Position.
21. Comparative information
Comparative figures have been reclassified to conform to the current year’s presentation.
Annex
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