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Section III – Supplementary Information
Financial Highlights
The future-oriented financial highlights presented within this 2011-2012 Report on Plans and Priorities are intended to serve as a general overview of Veterans Affairs’ financial position and operations. These financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.
Future-oriented financial statements can be found on VAC’s website.
| Future-oriented Condensed Statement of Financial Position For the Year (Ended March 31) |
Future-oriented 2011–12 |
Future-oriented 2011–12 |
% Change |
|---|---|---|---|
| ASSETS | |||
| Financial Assets | 13.2 | 13.2 | 0% |
| Non-Financial Assets | 141.8 | 137.0 | -3% |
| Total Assets | 155.0 | 150.2 | -3% |
| LIABILITIES | |||
| Total Liabilities | 129.3 | 129.8 | 0% |
| EQUITY | |||
| Total Equity | 25.7 | 20.4 | -21% |
| Total | 155.0 | 150.2 | -3% |
| Condensed Statement of Operations (future-oriented) For the Year (Ended March 31) |
Future-oriented 2011–12 |
Future-oriented 2011–12 |
% Change |
|---|---|---|---|
| EXPENSES | |||
| Total Expenses | 3,577.0 | 3,578.0 | 0% |
| REVENUES | |||
| Total Revenues | 21.3 | 21.3 | 0% |
| Net Cost of Operations | 3,555.7 | 3,556.7 | 0% |
The planned spending for Veterans Affairs Portfolio as reported on a modified-cash basis for 2011-12 is $3,523.2 million. This amount has been adjusted by estimated amounts for items such as refunds of prior years’ expenditures, services provided without charge (i.e. accommodations, legal services, etc.) and amortization of capital assets to arrive at a future oriented total expense of $3,578.0 million for 2011-12. The net adjustments are small, with total expenses expected to exceed planned spending by only 1.6 percent. The total expenses, net of expected revenues (primarily from Ste. Anne’s Hospital) leave an estimated net cost of operations for 2011-12 of $3,556.7 million. Approximately 90% of this amount is paid directly to or on behalf of Veterans and other individuals VAC serves for compensation and financial support, health care and commemoration.
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/rpp/st-ts-eng.asp.
- Details on Transfer Payment Programs
- Greening Government Operations
- Internal Audits
- Evaluations
- Sources of Non-respendable Revenue
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.veterans.gc.ca
Office of the Veterans Ombudsman:
www.ombudsman-veterans.gc.ca
Contact Information
If you wish to make a general enquiry about Veterans Affairs Canada, its programs or services, please call 1-866-522-2122. To contact the Office of the Veterans Ombudsman, please call 1-877-330-4343.
Portfolio Publications
VAC produces a variety of publications on its programs and services. Copies of these publications are available on our Web sites. 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
Electronic Mail: plan@vac-acc.gc.ca
Footnotes
[1] 
Theme IV: Shrinking the Environmental Footprint - Beginning with Government
[2] Planned expenditures do not include the Veterans Review and Appeal Board which now reports independently.