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Section III: Supplementary Information
Financial Highlights
| % Change | 2010-11 | 2009-10 | |
|---|---|---|---|
| Total Assets | 28% | 1,334,403 | 1,043,425 |
| Total Liabilities | 81% | 2,144,583 | 1,183,444 |
| Equity of Canada | 479% | -810,180 | -140,019 |
| 28% | 1,334,403 | 1,043,425 |
Total assets have increased by $291 million. A new Treasury Board requirement to report the Due from the Consolidated Revenue Fund (CRF) on the financial statements results in an increase of $183 million and represents cash which the Department is entitled to draw from without further appropriations to discharge its liabilities. $117 million of the increase is attributable to changes to the tangible capital assets, due to a new asset in the form of a capital lease of a building, as well as building betterments associated with the Accelerated Infrastructure Program. In addition, there is an increase of $43 million in transfer payment prepayments. There has been a decrease of $57 million in accounts receivable and inventories. Total liabilities have increased by $961 million. The increase is mainly attributable to the increase in the environmental liability of $756 million, due to revised estimated costs related to the management and remediation of contaminated sites. There is also an increase of $144 million in accounts payable to external parties. In addition, NRCan entered into a capital lease agreement for a building which has resulted in a lease obligation of $78 million.
| % Change | 2010-11 | 2009-10 (Restated) |
|
|---|---|---|---|
| Total Expenses | 50% | 5,095,610 | 3,404,826 |
| Total Revenues | 12% | 1,672,109 | 1,493,475 |
| Net Cost of Operations | 79% | 3,423,501 | 1,911,351 |
The Net Cost of Operations increased by $1.5 billion from the previous fiscal year. Expenses increased by $1.7 billion. This increase is primarily within the transfer payment programs (increase of $920 million). Payments from statutory authorities, such as the Newfoundland Fiscal Equalization Offset Payments, the Newfoundland Offshore Petroleum Resource Revenue Fund, the Nova Scotia Offshore Revenue Account, as well as contribution programs such as the Pulp and Paper Green Transformation Program, the Clean Energy Fund, and the Forest Sector Initiative have increased in 2010-11. In addition, the environmental liability expense increased by $756 million. Revenues have increased by $179 million. This is due to an increase in revenues from rights and privileges of $58 million, related to offshore programs in Nova Scotia and Newfoundland and Labrador. Fluctuations in these programs are attributable to the increase in the rate of production and in the value of crude oil. As well, interest revenues have increased by $118 million due to an increase in the Net Profit Interest revenues from the Hibernia Offshore Oil project.
The following chart presents a distribution of Natural Resources Canada’s total expenses in 2010-11 by program activity. Total expenses amounted to $5,095,610,000.
Expenses - Where Funds Go
Text Version - Expenses - Where Funds Go
The Condensed statement of Financial Position, complete NRCan financial statements, and that of the Geomatics Canada Revolving Fund can be found on Natural Resources Canada's105 website.
Financial Statements
NRCan’s financial statements for 2010-11 are available online at: http://www.nrcan.gc.ca/com/resoress/dprrmr/dprrmr-eng.php?acr=56
List of Supplementary Information Tables
- Sources of Respendable and Non-Respendable Revenue
- User Fees / External Fees
- Details of Transfer Payment Programs (TPP)
- Up-Front, Multi-Year Funding
- Horizontal Initiative – Improving the Performance of the Federal Regulatory System for Major Natural Resource Projects
- Green Procurement
- Response to Parliamentary Committees and External Audits
- Internal Audits and Evaluations
These tables can be found on the Treasury Board Secretariat’s website106.
Section IV: Other Items of Interest
Contributions to the Federal Sustainable Development Strategy
The first Federal Sustainable Development Strategy (FSDS) was tabled in Parliament in October 2010. In accordance with the Federal Sustainable Development Act, NRCan developed a Departmental Sustainable Development Strategy that identified its contributions to the FSDS. The departmental strategy has been fully integrated into NRCan’s 2011-12 Report on Plans and Priorities (RPP) and will be fully integrated into the 2011-12 Departmental Performance Report (DPR).
For the 2010-11 DPR, NRCan committed to report on programs that were contributing to the FSDS but that ended as of March 31, 2011. This information is available on NRCan’s sustainable development website 107.
Endnotes
15 Knowledge and innovation indicators are presented in this report under SOs 2 & 3, and PAs 2.1, 2.2, 3.1 and 3.2 as the sum of peer-reviewed scientific and technical papers published by NRCan in a range of research areas from 2006 to 2009. Data comes from a study conducted by the firm Science-Metrix, and commissioned by NRCan in 2011. 2010 data is not shown due to the incomplete nature of the dataset during the study period.
18 Type is defined as follows: ‘Previously committed’ – committed to in the first or second fiscal year before the subject year of the report; ‘Ongoing’ – committed to at least three fiscal years before the subject year of the report; and ‘New’ – newly committed to in the reporting year of the DPR.
42 In order to provide a more thorough and accurate performance story, this document will rely on the performance indicators and targets developed as part of NRCan’s 2011-12 Report on Plans and Priorities.
43 Commencing in the 2009–10 Estimates cycle, the resources for Program Activity: Internal Service is 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 has affected the comparability of spending and FTE information by Program Activity between fiscal years.
45 Canada's total energy savings due to efficiency are measured by the difference between energy use without energy efficiency improvements and energy use with energy efficiency improvements as defined and reported in Energy Efficiency Trends in Canada, 1990-2007. No data are available past 2007. The data are referenced to a 1990 baseline. This indicator responds to NRCan's activities over the longer term, but may respond to other influences (e.g., domestic economic conditions) more immediately.
47 Ibid note 45.
58 Note that indices of success were newly developed indicators for 2009-10. Data shown for the 2009-10 and 2010-11 indices of success illustrate actual performance, whereas data for 2008-09 are best estimates. There is insufficient data available for fiscal year 2007-08 and earlier. The performance status is assigned as follows: Met All: 99% and above; Mostly Met: 80-98%.
64 http://canmetenergy-canmetenergie.nrcan-rncan.gc.ca/eng/transportation/hybrid_electric_vehicles/evtrm.html
72 The indicator measures NRCan’s contribution on an on-demand basis to: 1) federal environmental assessment and reporting processes; and 2) Mineral and Energy resource Assessments (MERA) for the potential establishment of national parks and other protected areas.
77 This performance indicator includes two measures: 1) Percent of target geomagnetic data posted to the web after quality control by the Canadian Hazard Information Service (CHIS); and, 2) Percent of target seismic data posted to the web after quality control review by CHIS.
86 As measured by: Number of new cadastral parcels added to the Canada Lands Survey System. Please see: http://clss.nrcan.gc.ca/index-eng.php
87 As measured by: Remote sensing scene production and client downloads of remote sensing data. Please see: http://www.asc-csa.gc.ca/eng/satellites/radarsat/ecosystem.asp
96 The Fund's ‘Recovery’ is calculated as the total of Revenues earned in a given year, excluding the “Cost of Sales – Products”, minus the total of “Direct and Indirect Expenses”, including the “Cost of Sales – Products”. This calculation differs slightly from the one used in 2009-10, which had deducted the “Cost of Sales – Products” from Revenues prior to calculating the Fund’s recover.
