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Section III – Supplementary Information
Financial Highlights
Fiscal year 2009-10 Canadian Grain Commission audited financial statements can be accessed using the following link:
http://www.grainscanada.gc.ca/cgc-ccg/cr-rm/crm-mrm-eng.htm
Audited Financial Statements are prepared in accordance with Section 6.4 of the Treasury Board of Canada’s policy on special revenue spending authorities.
| Condensed Statement of Financial Position At End of Year (March 31, 2010) |
% Change | 2008–09 | 2009–10 |
|---|---|---|---|
| Assets | |||
| Total Assets | 7.0% | 45,351 | 48,543 |
| Total | 7.0% | 45,351 | 48,543 |
| Liabilities | |||
| Total Liabilities | -8.2% | 18,820 | 17,276 |
| Equity | |||
| Total Equity | 17.9% | 26,531 | 31,267 |
| Total | 7.0% | 45,351 | 48,543 |
| Condensed Statement of Operations At End of Year (March 31, 2010) |
% Change | 2008–09 | 2009–10 |
|---|---|---|---|
| Expenses | |||
| Quality Assurance | -6.8% | 44,217 | 41,227 |
| Quantity Assurance | -5.8% | 13,349 | 12,580 |
| Grain Quality Research | -14.8% | 11,601 | 9,886 |
| Producer Protection | -20.3% | 4,774 | 3,807 |
| Internal Services | 100% | 0 | 12,567 |
| Total Expenses | 8.3% | 73,941 | 80,067 |
| Revenues | |||
| Quality Assurance | 4.5% | 42,517 | 44,430 |
| Quantity Assurance | 0.4% | 13,135 | 13,182 |
| Grain Quality Research | -14.8% | 11,601 | 9,886 |
| Producer Protection | 7.8% | 4,397 | 4,738 |
| Internal Services | 100% | 0 | 12,567 |
| Total Revenues | 18.4% | 71,650 | 84,803 |
| Net Cost of Operations | 2,291 | (4,736) |
- Assets
- Total assets were $48.5 million at the end of 2009-10, an increase of $3.1 million (7.0%) over the previous year’s total assets of $45.4 million. Accumulated net charge against the Fund’s authority (ANCAFA) comprised 73% of total assets at $35.5 million. Tangible capital assets represented $7.2 million (15%) and accounts receivable represented $5.8 million (12%).
- Liabilities
- Total liabilities were $17.3 million at the end of 2009-10, a decrease of $1.5 million (8.2%) over the previous year’s total liabilities of $18.8 million. Employee severance benefits represented the largest portion of liabilities at $11.0 million or 64% of total liabilities. Accounts payable (including salaries, vacation and overtime) represented $6.1 million (35%) while Deferred Revenues made up 1% of total liabilities.
- Expenses
- Prior to the 2009-10 Estimates cycle, the resources for Program Activity: Internal Services were previously distributed among the other program activities and were not displayed separately from other program activities. This has affected the comparability of spending by program activity between fiscal years. The Canadian Grain Commission initiated no significant program
changes during 2009-10.
Overall, total expenses for the Canadian Grain Commission were $80.1 million in 2009-10. The majority of funds, $63.7 million or 80%, were spent on salaries and benefits; while the remaining $16.4 million or 20% were operating expenses (e.g. rent, professional services, travel, amortization and repairs). Expenses increased in comparison to 2008-09 by 8.3% due to an 8.2 million tonne increase in grain volumes handled from 2008-09 to 2009-10. - Revenues
- The Canadian Grain Commission’s total revenues amounted to $84.8 million for 2009-10, an increase of $13.2 million over previous year’s total revenues of $71.6 million. Revenues are split between appropriation dollars received and service fees generated. Service fees revenue increased $6.2 million (17%) due to an 8.2 million tonne increase in grain volumes handled from 2008-09 to 2009-10. In fiscal 2009-10 the Canadian Grain Commission’s source of funds changed. The Canadian Grain Commission required an increase of $6.9 million in ad-hoc appropriations due primarily to reduced access to the operating surplus from accessing $14.2 million in 2008-09 to accessing $8.0 million in 2009-10.
Financial Statements
http://www.grainscanada.gc.ca/cgc-ccg/cr-rm/crm-mrm-eng.htm
Supplementary Information Tables
The following tables are located on the Treasury Board Secretariat website:
- Sources of Respendable and Non-Respendable Revenue
- User Fees Reporting
- Green Procurement
- Response to Parliamentary Committees and External Audits
- Internal Audits and Evaluations
1 Grain refers to any seed designated by regulation as a grain for the purposes of the Canada Grain Act. This includes barley, beans, buckwheat, canola, chick peas, corn, fababeans, flaxseed, lentils, mixed grain, mustard seed, oats, peas, rapeseed, rye, safflower seed, solin, soybeans, sunflower seed, triticale and wheat.
