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Section III: Supplementary Information

Financial Highlights


Future-Oriented
Condensed Statement of Operations

For the Year (ended March 31)
($ thousands)
  $ Change Future-Oriented
2012–13
Future-Oriented
2011–12
Total Expenses (3,126) 155,973 159,099
Total Revenues (25) 453 478
Net Cost of Operations (3,101) $ 155,520 $ 158,621
The decrease in total expenses is mainly attributable to the transfer of activities to Shared Services Canada as explained in the Expenditure Profile.

Condensed Statement of Financial Position
For the Year (ended March 31)
($ thousands)
  $ Change Future-Oriented
2012–13
Future-Oriented
2011–12
Total assets 17,645 67,304 49,659
Total liabilities (3,023) 19,541 22,564
Equity 20,471 47,763 27,095
Total 17,448 67,304 49,659

The main variation shown in the Equity and the total of assets is respectively attributable to the funding received for the fit-up work for the Collection Storage Facility with a high-density shelving system and the capitalization of this work as capital assets. Please refer to the Expenditure Profile for more details on this project.

As for the decrease in total liabilities, it is mainly due to a reduction of the accrued liability for severance benefits. Following the ratification of new collective agreements, employees have accepted the elimination of severance benefits for voluntary separation, namely for retirement or resignation. The anticipated accrued liability reduction is attributable to employees who will opt to cash out their accumulated benefits in 2012–13.

Future-Oriented Financial Statements

Future-oriented financial statements can be found on the LAC website.

List of Supplementary Information Tables

All electronic supplementary information tables found in the 2012–13 Reports on Plans and Priorities can be found on the Treasury Board of Canada Secretariat website.

  • Greening Government Operations
  • Sources of Respendable and Non-Respendable Revenue
  • Summary of Capital Spending by Program Activity
  • Upcoming Internal Audits and Evaluations over the next three fiscal years

Section IV - Other Items of Interest

Organizational Contact Information

Library and Archives Canada
550 de la Cité Blvd.
Gatineau, Quebec  K1A 0N4
Telephone: 613-996-5115 or 1-866-578-7777
TTY: 613-992-6969 or 1-866-299-1699
Fax: 613-995-6274
www.bac-lac.gc.ca/Pages/default.aspx
www.collectionscanada.gc.ca

Mark Melanson
Senior Director General and Chief Financial Officer
Library and Archives Canada
550 de la Cité Blvd.
Gatineau, Quebec  K1A 0N4
Telephone: 819-934-4627
Fax: 819-934-5262
Email: mark.melanson@bac-lac.gc.ca

Stéphan Déry
Director General, Strategic Planning, Infrastructures and Operations Branch
Library and Archives Canada
550 de la Cité Blvd.
Gatineau, Quebec  K1A 0N4
Telephone: 819-934-5876
Fax: 819-934-5266
Email: stephan.dery@bac-lac.gc.ca