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The table below presents a condensed and consolidated view of PWGSC's Net cost of operations and financial position. These unaudited statements were prepared in accordance with Treasury Board Accounting Standards, which are consistent with Canadian Generally Accepted Accounting Pinciples for the public sector.
It should be noted that the 2008-2009 Departmental Performance Report contains financial results based on approved numbers from the Estimates and the Public Accounts of Canada. PWGSC's disposition of parliamentary authorities, for the purpose of preparing the Public Accounts and the Departmental Performance Report, are presented in accordance with accounting principles related to the appropriation accounting basis formally known as Modified Cash Accounting. The departmental financial statements on the other hand are prepared on an accrual accounting basis. The net results of our Consolidated Departmental Financial Statements as well as our disposition of Parliamentary authorities are both presented in the Departmental Performance Report. They do not align due to differences in the underlying principles and standards of the two accounting bases used to prepare them. Those results are reconciled in Note 3 of the Consolidated Departmental Financial Statements, which may be found on PWGSC's web site at: http://www.tpsgc-pwgsc.gc.ca/rapports-reports/rmr-dpr/index-eng.html.
Condensed Consolidated Statement of Operations (Unaudited) | |||
---|---|---|---|
(in thousands of dollars) | |||
For the year ended March 31 | Percent Change | 2008-2009 | 2007-2008 |
Expenses | 6.4% | 5,036,545 | 4,731,512 |
Revenues | 0.4% | 2,740,400 | 2,729,072 |
NET COST OF OPERATIONS | 14.7% | 2,296,145 | 2,002,440 |
Condensed Consolidated Statement of Financial Position (Unaudited) | |||
---|---|---|---|
(in thousands of dollars) | |||
At March 31 | Percent Change | 2008-2009 | 2007-2008 |
Assets | 1.7% | 5,114,725 | 5,030,456 |
TOTAL | 1.7% | 5,114,725 | 5,030,456 |
Liabilities | 2.9% | 3,779,854 | 3,673,311 |
Equity of Canada | (1.6)% | 1,334,871 | 1,357,145 |
TOTAL | 1.7% | 5,114,725 | 5,030,456 |
The following tables are located on the Treasury Board Secretariat web site, at http://www.tbssct. gc.ca/dpr-rmr/st-ts-eng.asp.
Information on the Internal Services and Business Integration - Performance Management program activities may be found on PWGSC's web site at http://www.tpsgc-pwgsc.gc.ca/rapports-reports/rmr-dpr/index-eng.html