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Section III – Supplementary Information

Financial Highlights

Condensed Statement of Financial Position (unaudited)
At End of Year (March 31, 2010)

($ thousands)	Percentage Change	2009	2010
Assets	7%	163,155	173,910
Liabilities	(11%)	145,687	128,969
Equity	157%	17,468	44,941
Total Liabilities and Equity	7%	163,155	173,910

Assets increased by approximately $10 million in 2010; $6 million relates to Good and Services Tax paid on departmental purchases which is recoverable from Canada Revenue Agency and $4 million relates to an increase in capital assets due to major renovations at Ste. Anne’s Hospital. Liabilities decreased by approximately $17 million in 2010. This decrease primarily relates to a reduced salary liability at year-end as the Public Service pay day fell on March 31.

Condensed Statement of Operations (unaudited)
At End of Year (March 31, 2010)

($ thousands)	Percentage Change	2009	2010 Actual	2010 Planned Results
Expenses	2%	3,380,378	3,444,447	3,407,888
Revenues	1%	21,746	22,021	19,314
Net Cost of Operations	2%	3,358,632	3,422,426	3,388,574

Grants and Contributions expenses increased by $81.9 million (3.5%) in 2010 compared to 2009. The increase is primarily due to the continued uptake of programs such as Disability Awards and Earnings Loss under the New Veterans Charter. Expenses for the Veterans Independence Program also increased due to increased eligibility for primary caregivers and low-income or disabled survivors. These increases were partially offset by decreased expenses for disability pensions and war veterans allowances due to declining numbers of Veterans and other clients.

Expenses for health related services such as operational stress injury clinics and treatment benefits increased by $8.4 million due to increased client demand. Expenses for career transition and rehabilitation under the New Veterans Charter increased by $5.4 million.

There was a decrease of $12.4 million in ex-gratia expenses related to the use of Agent Orange at CFB Gagetown in 2010 compared to 2009 due to the wind down of the program. As well, departmental operating expenses decreased by $17.7 million primarily due to reduced employee pay and benefit costs as well as internal restraint measures.

Financial Highlights Chart

[D]

The Portfolio’s Financial Statements are available on the VAC Web site at the following address: www.vac-acc.gc.ca/general/sub.cfm?source=department/reports/departmental-financial-statements/2009-10

List of Electronic Tables

The following tables can be found on the Treasury Board of Canada Secretariat Web site at: www.tbs-sct.gc.ca/dpr-rmr/st-ts-eng.asp.

• Sources of Non-Respendable Revenue
• Status Report on Projects Operating with Specific Treasury Board Approval
• Details on Transfer Payment Programs
• Green Procurement
• Response to Parliamentary Committees
• Internal Audits
• Evaluations

Web sites

The following Web sites will provide more detailed information on material provided in this report. If further information is required, contact may be made through the VAC general enquiries lines.

Veterans Affairs Canada:
www.vac-acc.gc.ca

Veterans Review and Appeal Board:
www.vrab-tacra.gc.ca

Office of the Veterans Ombudsman:
www.ombudsman-veterans.gc.ca

Contact Information

If you wish to make a general enquiry about VAC, its programs or services, please call 1-866-522-2122. If you wish to make a general enquiry about the Veterans Review and Appeal Board, please call 1-800-450-8006. To contact the Office of the Veterans Ombudsman, please call 1-877-330-4343.

Portfolio Publications

The Portfolio produces a variety of publications on its programs and services. Copies of these publications can be obtained from your nearest VAC district or regional office.

For more information or if you have any questions, please contact:

Corporate Planning Division
Veterans Affairs Canada
P.O. Box 7700
Charlottetown PE C1A 8M9
E-mail: plan@vac-acc.gc.ca

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Footnotes

[1] Commencing in the 2009–10 Estimates cycle, the resources for the Internal Services program activity are displayed separately from other program activities; they are no longer distributed among the remaining program activities, as was the case in previous Main Estimates. This has affected the comparability of spending and FTE information by program activity between fiscal years.

[2] Exceeded: >100% , Met all: 100%, Mostly met: 80 – 99%, Somewhat met: 60 – 79%, Not met: < 60% (of expected level of performance)

[3] The term statistically significant describes a mathematical measure of difference between groups. The difference is said to be statistically significant if it is greater than what might be expected to happen by chance alone.

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