2011–2012 Departmental Performance Report

Section III – Supplementary Information

Financial Highlights

The financial highlights presented in this Departmental Performance Report are intended to serve as a general overview of the agency's financial position and operations. (For details, visit SWC's website6).

SWC is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to SWC does not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. A reconciliation of authorities used and the net cost of operations is set out in Note 3 of the organization's financial statements.

The purpose of this section is to explain the organization's 2011-2012 financial highlights, based on the organization's financial statements. The charts below illustrate the ending balances, as of March 31, for each major financial statement grouping, along with the corresponding change from the previous fiscal year. In summary, between 2010-2011 and 2011-2012, SWC's financial assets increased by 9% while its non-financial assets decreased by 29%. Its liabilities decreased by 6% and its expenses decreased by 4%. These changes led to a decrease of 35% in the departmental net debt and net financial position. Explanations are provided below the charts for the variances in each major grouping based on the most significant factors affecting each grouping during the fiscal year.

This table sets out Status of Women Canada's Condensed Statement of Financial Position. Net financial liabilities, assets, and debt; total non-financial assets; and net financial position (in dollars) at March 31 are shown for the fiscal years 2010-2011 and 2011-2012, and the percentage year-to-year change is highlighted.
Condensed Statement of Financial Position (Unaudited) as at March 31, 2012 (in dollars)
  % Change 2011-2012 2010-2011
Total net liabilities –6% 5,870,904 6,229,583
Total net financial assets 9% 4,499,195  4,125,874 
Departmental net debt –35% 1,272,709 2,103,709
Total non-financial assets –29% 160,663 226,354
Departmental net financial position –35% (1,211,046) (1,877,355)
This table sets out Status of Women Canada's Condensed Statement of Operations and Departmental Net Financial Position. Expenses, revenue, net cost of operations before government funding and departmental net financial position at March 31 are shown (in dollars) for the fiscal years 2010–2011 and 2011-2012, and the percentage year-to-year change is highlighted.
Condensed Statement of Operations and Departmental Net Financial Position (Unaudited) for the Year Ended March 31, 2012 (in dollars)
  % Change 2011-2012 2010-2011 Forecasted
2011-2012*
* As per the organization's 2011-2012 Future-Oriented Financial Statements.
Total expenses –4% 30,172,122 31,400,593 30,903,000
Total revenues –89% 50 462
Net cost of operations before government funding –4% 30,172,072 31,400,131 30,903,000
Departmental net financial position –35% (1,211,046) (1,877,355) (1,226,000)

Financial Highlights—Charts and Graphs

Liabilities by type

This pie chart shows the mix of liability types at Status of Women Canada.

Text Description Of Image

Total liabilities were approximately $5.9 million as at March 31, 2012, a decrease of $0.4 million (6%) over the previous year's total liabilities of $6.2 million. Accounts payable and accrued liabilities are the largest component, representing 83% of total liabilities. The decrease in total net liabilities is mainly due to a decrease in employee future benefits. SWC had to significantly reduce its estimate for future severance cash-outs due to a recent increase in payments of severance benefits to employees as per renegotiated collective agreements.

Financial Assets by Type

This pie chart shows the mix of asset types at Status of Women Canada.

Text Description Of Image

Total financial assets were approximately $4.5 million as at March 31, 2012, an increase of $0.4 million (9%) over the previous year's total net financial assets of $4.1 million. The increase in financial assets is mainly due to an increase of $0.2 million in the amount due from the Consolidated Revenue Fund and an increase of $0.2 million in the accounts receivable and advances. Amounts due from the Consolidated Revenue Fund represent a charge against departmental authorities and are available for use to the organization in future periods without further authorities.

Total non-financial assets were approximately $0.2 million at the end of 2011-2012, a 29% decrease over the previous year's total caused by a decrease in the acquisition of capital assets due to the organization's impending relocation. Non-financial assets are comprised entirely of tangible capital assets.

Expenses by Type

This pie chart shows the mix of expense types at Status of Women Canada.

Text Description Of Image

Total expenses were approximately $30.2 million in 2011-2012, a decrease of $1.2 million (4%) from the previous year's total expenses of $31.4 million. The decrease in total expenses is mostly attributable to a decrease in grant and contribution spending as the re-profile from 2008–2009 ended in 2010–2011 and the budget is now at its ongoing level. The decrease in total expenses is also attributable to a decrease in employee future benefits. SWC had to significantly reduce its estimate for future severance cash-outs due to a recent increase in payments of severance benefits to employees as per renegotiated collective agreements.

Comparison of Forecasted Results (as per the organization's 2011-2012 Future-oriented Financial Statements) and Actual Results

The organization's final net cost of operations before government funding for 2011-2012 was approximately $731,000 less than was anticipated in the future-oriented financial statements included in the 2011-2012 RPP ($30.2 million versus $30.9 million). This represents a 2% variance and is explained as follows:

The future-oriented financial statements were prepared based on Parliamentary appropriations received as of the 2011-2012 Main Estimates. They did not consider expenditures as a result of resources received for the remainder of the year and/or a variation in voted resources for such items as: carry-forward amount from 2010–2011; and maternity, severance payments and employee benefits plan. Other explanations for the variance relate to unplanned lapses in both contribution funding and operating expenditures.

Financial Statements

For financial statements, please visit: http://www.swc-cfc.gc.ca/trans/account-resp/pr/fin/index-eng.html.

List of Supplementary Information Tables

Electronic supplementary information tables listed in the 2011-2012 Departmental Performance Report can be found on the Status of Women Canada's website7:

  • Details on Transfer Payment Programs
  • Greening Government Operations
  • Internal Audits and Evaluations
  • User Fees Reporting

Section IV – Other Items of Interest

SWC supported the Minister for Status of Women and the Government of Canada to reach out to and communicate with Canadians on important issues, including progress being made and challenges faced in advancing equality between women and men. The key annual activities include:

  • Commemorative Events– International Women's Day (March 8), Women's History Month (October), International Day of the Girl, to be celebrated for the first time on October 11, 2012, Persons Day (October 18); the National Day of Remembrance and Action on Violence Against Women (December 6); and the 16 Days of Activism Against Gender-based Violence (November 25 to December 10).
  • Governor General's Awards in Commemoration of the Persons Case –Annual awards to honour individual Canadians for their contributions to the goal of equality for women and girls in Canada. The awards commemorate the 1929 legal victory that paved the way for women to be appointed to the Senate of Canada.

The agency also gained new audiences by expanding its scope. Notably, the Women's History Month theme for 2011, "Women in Canadian Military Forces: A Proud Legacy," drew considerable interest from other federal departments, including the Department of National Defence, Veterans Affairs Canada and the Canadian War Museum, as well as from women and men in or retired from the military.

Organizational Contact Information

For financial information, contact:

Johanne Tremblay
A/Director, Corporate Services

Telephone: 613-995-3817
Fax: 613-947-6113
E-mail: Johanne.Tremblay@swc-cfc.gc.ca

For other information, contact:

Ainalem Tebeje
Manager, Corporate Planning and Reporting

Telephone: 613-995-1811
Fax: 613-947-0530
E-mail: Ainalem.Tebeje@swc-cfc.gc.ca


Endnotes

1 TrustLaw, a legal news service run by Thomson Reuters Foundation, asked 370 health workers, policymakers, journalists and development specialists with expertise in gender issues to rank the 19 countries of the G20 in terms of the overall best and worst place to be a woman. Canada ranked number 1, which means it is the best G20 country to be a woman.

2 http://www.tpsgc-pwgsc.gc.ca/recgen/txt/72-eng.html.

3 The Departmental Action Plan on Gender-based Analysis, developed by SWC in collaboration with the Treasury Board Secretariat and Privy Council Office, provides accountability measures for GBA implementation and establishes a standard for federal organizations to make GBA a sustainable practice, to pilot GBA on a project and to report on their overall efforts in GBA implementation in their Reports on Plans and Priorities (RPPs) and Departmental Performance Reports (DPRs).

4 Citizenship and Immigration Canada, Canadian Heritage, Fisheries and Oceans Canada, Industry Canada, Public Health Agency of Canada, Public Works and Government Services Canada, Transport Canada, Veterans Affairs Canada.

5 http://www.swc-cfc.gc.ca/rc-cr/stat/wic-fac-1011/index-eng.html.

6 http://www.swc-cfc.gc.ca/trans/account-resp/pr/fin/index-eng.html.

7 http://http://www.swc-cfc.gc.ca/trans/account-resp/pr/dpr-rmr/1112/st-ts-eng.html.