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Financial Highlights

($ thousands)
Condensed Statement of Financial Position
At End of Year (March 31, 2009)
% Change 2009 2008
Accounts Receivables and Advances -22.9% 172 223
Prepaid Expenses 5.0% 881 839
Tangible capital Assets -8.8% 18,038 19,774
Total Assets -8.4% 19,091 20,836
TOTAL -8.4% 19,091 20,836
Accounts Payables and accord liabilities -18.6% 5,886 7,233
Vacation pay and compensatory leave -7.5% 1,019 1,102
Employee severance benefits -3.1% 5,539 5,715
Total Liabilities -11.4% 12,444 14,050
EQUITY -2.1% 6,647 6,786
Total Equity -2.1% 6,647 6,786
TOTAL -8.4% 19,091 20,836

($ thousands)
Condensed Statement of Financial Position
At End of Year (March 31, 2009)
% Change 2009 2008
CONTRIBUTION - 7.7% 1,200 1,300
OPERATING EXPENSES 6.7% 52,839 49,511
Total Expenses 6.4% 54,039 50,811
NET COST OF OPERATIONS 6.4% 54,039 50,811

Financial Highlights Charts

2008-2009 Net Cost of Operations

Financial Highlights Charts

The net cost of operations for fiscal year 2008-2009 was $54M, an increase of 6.4% over the previous year's net cost of operation of $50.8M. Salaries and employee benefits, in the amount of $34.4M, represent the largest portion with 64% of the total cost. Other operating expenses, in the amount of $18.4M detailed in the chart below, represent 34% of the total cost. Finally, the Contribution for the establishment of the Egmont Group Secretariat totalling $1.2M in 2008-2009, represents 2% of the net cost of operations.

2009 Operating Expenses
(excluding salaries and employee benefits)

2009 Operating Expenses (excluding salaries and employee benefits)

Operating expenses, excluding salaries and employee benefits, totalled $18.4M in fiscal year 2008-2009. The most important expenses were the Amortization of Tangible Capital Assets ($4.8M), Professional and Special Services ($3.8M), Accommodations ($3.5M), Repair and Maintenance ($3.4M) and Travel and Relocation ($1M). Other significant costs were Telecommunications services, Utilities Material and Supplies, and Machinery and equipment.

Financial Statements

FINTRAC's financial statements can be found at:

List of Supplementary Information Tables

The following supplementary information table to the 2008-09 Departmental Performance Report can be found on the Treasury Board of Canada Secretariat's website at:

  • Horizontal Initiatives
  • Response to Parliamentary Committees and External Audits
  • Internal Audits and Evaluations