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|% Variance||($ thousands)|
|At end of Year (March 31) — Condensed Statement of Financial Position|
|For the Year (Ended March 31) — Condensed Statement of Operations|
|Net cost of operations||+9%||7,095,675||6,481,059|
Total assets were $931 million at the end of 2008–2009, an increase of $22 million (2.4 percent) over the previous year’s total assets of $910 million. Loans made up 83.6 percent of total assets at $778 million. Accounts receivable of $81 million represented 8.7 percent of total assets, while non-financial assets of $73 million represented approximately 7.8 percent of total assets.
Total liabilities were $14.8 billion at the end of 2008–2009, an increase of $1.6 billion (12.1 percent) over the previous year’s total liabilities of $13.2 billion. The allowance for claims and litigation represents the largest portion of liabilities at $10.3 billion or 69.6 percent of total liabilities. Other significant liabilities include environmental liabilities of $1.6 billion (10.8 percent), trust accounts of $1.1 billion (7.6 percent), accounts payable of $988 million (6.7 percent), and settled claims in the amount of $608 million (4.1 percent).
Total revenues amounted to $285 million for 2008–2009, representing a 14-percent increase over the previous year’s revenue of $249 million. Resource royalties, earned pursuant to contracts or regulations such as the Northwest Territories and Nunavut Mining Regulations and the Frontier Lands Petroleum Royalty Regulations, represent the most significant source of revenue, accounting for $266 million or 93.3 percent of total revenues. Other sources of revenue include interest on loans in the amount of $11 million (3.9 percent), leases and rentals revenue of $4 million (1.4 percent) and miscellaneous receipts of $4 million (1.4 percent).
Total expenses were $7.4 billion in 2008–2009, representing a 10.4-percent increase over the previous year’s expenses of $6.7 billion. Transfer payments, the majority to Aboriginal people and Aboriginal organizations, amounted to $5.7 billion or 77.0 percent of total expenses. Salaries and employee benefits totalled $489 million, accounting for 6.6 percent of total expense, while professional services of $335 million accounted for 4.5 percent of total expenses, court awards and other settlements of $316 million accounted for 4.3 percent, and claims and litigation of $261 million accounted 3.5 percent. Other miscellaneous operating expenses of $260 million accounted for the remaining 3.5 percent of total expenses.
The following tables are located on the Treasury Board Secretariat website.
Sources of Non-Respendable Revenue
User Fees/External Fees
Details on Transfer Payment Programs (TPPs)
Sustainable Development Strategy
Response to Parliamentary Committees and External Audits
Internal Audits and Evaluations
Urban Aboriginal Strategy
First Nations Water and Wastewater Action Plan
Labrador Innu Comprehensive Healing Strategy
International Polar Year
Indian Residential Schools Resolution Health Support Program
Les Terrasses de la Chaudière
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Mailing Address: Ottawa, Ontario, K1A 0H4
General and Statistical Inquiries, and Publication Distribution
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Media Inquiries — Communications
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International Polar Year