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Section III - Supplementary Information
Financial Highlights
The future-oriented financial highlights presented within this 2012-2013 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 Financial Statements
| ASSETS | Future-Oriented 2011-12 | Forecast 2011-12 |
% Change |
|---|---|---|---|
| Financial Assets4 | 68.4 | 68.4 | 0% |
| Non-Financial Assets | 134.0 | 125.9 | -6% |
| TOTAL | 202.4 | 194.3 | -4% |
| LIABILITIES | Future-Oriented 2011-12 | Forecast 2011-12 |
% Change |
|---|---|---|---|
| Total Liabilities | 122.8 | 123.2 | 0% |
| EQUITY | 79.6 | 71.1 | -11% |
| TOTAL | 202.4 | 194.3 | -4% |
| EXPENSES | Future-Oriented 2011-12 | Forecast 2011-12 |
% Change |
|---|---|---|---|
| Total Expenses | 3,597.1 | 3,619.6 | 1% |
| REVENUES | Future-Oriented 2011-12 | Forecast 2011-12 |
% Change |
|---|---|---|---|
| Total Revenues | 22.5 | 22.5 | 0% |
| NET COST OF OPERATIONS | 3,574.6 | 3,597.1 | 1% |
Condensed Statements of Financial Position and Operations
The planned spending for the Veterans Affairs Portfolio as reported on a modified-cash basis for 2011-2012 is $3,574.6 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 $3,619.6 million for 2012-2013.
The total expenses, net of expected revenues (primarily from Ste. Anne’s Hospital) leave an estimated net cost of operations for 2012-2013 of $3,597.1 million. Approximately 90% of planned spending for 2012-2013 is paid directly to or on behalf of VAC clients for compensation and financial support, health care and commemoration.
List of Supplementary Information Tables
The following tables can be found on the Treasury Board of Canada Secretariat website:
- Details on Transfer Payment Programs (TPPs)
- Greening Government Operations
- Sources of Non-Respendable Revenue
- Internal Audits and Evaluations
Section IV - Other Items of Interest
Gender Based Analysis (GBA)
Consistent with the Canadian government’s commitment to gender equality, Veterans Affairs Canada will use gender based analysis to ensure that gender considerations are taken into account in policy, planning and decision-making processes. The Department will look at the impact that its policies, programs and activities might have on people because of their gender and will take into consideration the differences faced by men and women in all their diversity.
Progress has been made on a range of gender-based analysis initiatives. The Department has:
- created a sustainable GBA framework;
- completed a self assessment of the Department's GBA performance;
- provided GBA specific training to key employees; and
- completed a GBA analysis on a selected initiative as a pilot.
Contact Information
To make a general enquiry about Veterans Affairs Canada, its programs or services, call 1-866-522-2122. To contact the Office of the Veterans Ombudsman, call 1-877-330-4343.
Websites
The following websites will provide more detailed information on material provided in this report. If further information is required, contact may be made through the Veterans Affairs Canada (VAC) general inquiries lines.
Publications
VAC produces a variety of publications on its programs and services. Copies of these publications are available on the Department’s websites.
For more information or to ask questions, contact:
Corporate Planning Division
Veterans Affairs Canada
P.O. Box 7700
Charlottetown PE C1A 8M9
E-mail: plan@vac-acc.gc.ca
Footnotes
1 Full Time Equivalents
2 Includes 10 VAC positions which provide support to the OVO
3 Includes 10 VAC positions which provide support to the OVO
4 Amounts due from the Consolidated Revenue Fund have been recognized as a new asset under the revised Treasury Board Accounting Standards 1.2 issued in 2010. This has resulted in an increase in financial assets as compared to the RPP of 2011-12.
