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Section III - Supplementary Information

Financial Highlights

The future-oriented financial highlights presented within this RPP are intended to serve as a general overview of OSFI's operations. These financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management and to provide relevant, reliable, comparable and understandable information to the primary users of OSFI's financial statements. The primary users are the regulated financial institutions and private pension plans – that is, the paying stakeholders to whom OSFI is accountable – and their respective industry associations, who on the whole, operate financially on an accrual basis based on standards applicable to publicly accountable enterprises (PAEs) in the CICA Handbook – Accounting.

Future-oriented financial statements, which have been prepared in accordance with International Financial Reporting Standards (IFRS), can be found on OSFI's web site at:
http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=1548.

Future-oriented Condensed Statement of Financial Position
As at March 31, 2012 and 2013
($ millions)

	$ Change	Estimated Results 2011-2012	Forecast 2012-2013
Total Assets	2.0	60.5	62.5
Total Liabilities	2.0	35.5	37.5
Equity of Canada	0.0	25.0	25.0
Net Cost of Operations	2.0	60.5	62.5

Future-oriented Condensed Statement of Operations and Comprehensive Income
For the Years (Ending March 31)
($ millions)

	$ Change	Estimated Results 2011-2012	Forecast 2012-2013
Total Expenses	9.7	122.9	132.6
Total Revenues	9.7	122.9	132.6
Net Cost of Operations	0	0	0

OSFI matches its revenues to its costs. The difference between the figures above and the planned spending amounts provided in other sections of the RPP is due to a different basis of accounting and relate to such items as non-respendable revenues, amortization, severance pay liability adjustment and accrued interest costs. For more information, refer to the full future-oriented financial statements found on OSFI's Web site. In addition, the Forecast for 2012-2013, presented on a modified cash basis, includes an increase of $8.0 million, or a 6.3% increase over the planned spending for 2012-2013 provided in this report. The increase is largely related to additional resource requirements and OSFI's continued investments in information systems, as explained in the "Expenditure Profile" section of this report. This also accounts for the year-over-year increase of $9.7 million, or 7.9%, in revenues and expenses in 2012-2013 on an accrual basis.

List of Tables

All electronic supplementary information tables which accompany the 2012–2013 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat's web site at:
http://www.tbs-sct.gc.ca/rpp/2012-2013/info/info-eng.asp.

The following tables are available on the TBS web site:

• Greening Government Operations
• Internal Audits
• Sources of Respendable and Non-Respendable Revenue
• Summary of Capital Spending by Program Activity

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Section IV - Other Items of Interest

Contact Information:

Office of the Superintendent of Financial Institutions
255 Albert Street
Ottawa, Ontario
K1A 0H2

Phone: (613) 990-7788

Other Information:

OSFI's Plan and Priorities 2012-2015 is available on OSFI's web site at:
http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?DetailID=1249

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Footnotes

¹ Additional information regarding the Financial and Human Resources trends can be found in the Expenditure Profile section of this report.

² Senior Executives, Plan Administrators, and professionals who act on behalf of federally regulated financial institutions and pension plans.

³ Director, Managing Director and Senior Director levels.

⁴ Senior Executives and professionals who act on behalf of federally regulated financial institutions.

⁵ Plan Administrators and professionals who act on behalf of pension plans.

⁶ Senior Executives, Plan Administrators, and professionals who act on behalf of federally regulated financial institutions and pension plans.

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