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Section 3 - Supplementary Information

Financial Highlights

($ thousands)
Condensed Statement of
Financial Position
(for the year ended March 31, 2010)
% Change 2009-10 2008-09
Assets

 

 

 

Financial Assets 9.5% 311,022 283,926
Non-financial Assets 6.7% 2,453,547 2,300,375
Total 7.0% 2,764,569 2,584,301
Liabilities

 

 

 

Total Liabilities 7.0% 627,943 586,906
Equity

 

 

 

Total Equity 7.0% 2,136,626 1,997,395
Total 7.0% 2,764,569 2,584,301
($ thousands)
Condensed Statement of
Operations
(for the year ended March 31, 2010)
% Change 2009-10 2008-09
Expenses

 

 

 

Total Expenses 12.0% 1,985,815 1,773,155
Revenues

 

 

 

Total Revenues 2.2% 99,268 97,174
Net Cost of Operations 12.6% 1,886,547 1,675,981
Highlights of DFO's Financial Statements

DFO's annual financial statements are prepared in accordance with Treasury Board accounting policies, which are based on Canadian generally accepted accounting principles. These financial statements demonstrate the accountability of DFO for the resources provided ($2,049 million provided by the government in 2009-10, of which $1,981 million was spent to achieve results for Canadians).

Under Canada's Economic Action Plan (EAP), Fisheries and Oceans is investing $343 million over two years in projects and programs such as Small Crafts Harbours, Canadian Coast Guard, and laboratories and science facilities. The EAP caused a significant but temporary increase in activity for the Department in 2009-10 that will continue in 2010-11. Much of the investment under this initiative is reflected in DFO's Statement of Financial Position for 2009-10:

  • Total assets of $2,765 million represented an increase of $180 million (7%) from 2008-09.
  • Financial assets and equity have been restated as a result of early adoption of Treasury Board Accounting Standard 1.2. The net effect is an increase of $26.5 million in the Due from Consolidated Revenue Fund, representing DFO's entitlement to draw from the Consolidated Revenue Fund in the future without further charges against its authorities.
  • Tangible capital assets accounted for 89% of departmental total assets.
  • Acquisitions of tangible capital assets totalled $348 million, of which $165 million was from EAP funding.
  • Total liabilities were $628 million, an increase of $41.0 million (7%) from 2008-09.
  • Accounts payable and accrued liabilities increased by $26.4 million, mainly because of EAP-funded projects.
  • Other liabilities increased by $16.8 million, principally from research project deposits.

For more detailed information, see DFO's financial statements on the DFO website.

Supplementary Tables

The following tables are available electronically on the Treasury Board of Canada Secretariat website:

  • Sources of Respendable and Non-Respendable Revenue;
  • User Fees;
  • Status Report on Projects Operating with Specific Treasury Board Approval;
  • Status Report on Major Crown Projects;
  • Details on Transfer Payment Programs;
  • Up-front Multi-year Funding;
  • Horizontal Initiatives;
  • Green Procurement;
  • Response to Parliamentary Committees and External Audits; and
  • Internal Audits and Evaluations.

Other Items of Interest

Additional information on the following topics is available electronically on DFO's website:

  • Awards and Recognition;
  • DFO on the Job;
  • Organizational Structure;
  • Performance Information for Program Sub-activities and Sub-sub-activities; and
  • Regional Contributions to Strategic Outcomes.

Contact for further information

Fisheries and Oceans Canada
Communications Branch
200 Kent Street 13th Floor,
Station 13E228
Ottawa, Ontario
K1A 0E6
Telephone: 613-993-0999
Facsimile: 613-990-1866
TTY: 1-800-465-7735
Email: info@dfo-mpo.gc.ca



1 Starting in 2009-10, resources for the Internal Services Program Activity are displayed separately from other program activities; they are no longer distributed among the remaining program activities, as was the case in previous Main Estimates. This means that information on spending and FTEs by Program Activity is not directly comparable across fiscal years.

2 Financial resources for Internal Services were prorated across program activities in 2008-09.