2012-13 Departmental Performance Report
Section III: Supplementary Information
3.1 Financial Statements Highlights
Condensed Statement of Operations and Departmental Net Financial Position
This table sets out SWC's Condensed Statement of Operations and Departmental Net Financial Position. Expenses, revenues, net cost of operations before government funding and transfers and departmental net financial position at March 31 2013 are shown (in millions).
|Status of Women Canada
Condensed Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2013
|$ Change (2012–13 Planned vs. Actual)||$ Change (2012–13 Actual vs. 2011–12 Actual)|
|Net cost of operations before government funding and transfers||30.8||31.1||30.2||(0.3)||0.9|
|Departmental net financial position||(1.1)||(1.0)||(1.2)||(0.1)||0.2|
Total expenses for the 2012–13 year amounted to $31.1 million; an increase of $0.9 million (3%) over the previous year's total expenses of $30.2 million. The increase in total expenses is mostly attributed to additional program funding for projects across the country.
|Women's Participation in Canadian Society (74%)||Strategic Policy Analysis, Planning and Development (8%)||Internal Services (18%)|
Condensed Statement of Financial Position
This table shows, in millions, SWC's: net liabilities, net financial assets, net debt as well as total non-financial assets and departmental net financial position for the period 2012-13 and 2011-12 and the change.
|Status of Women Canada
Condensed Statement of Financial Position (Unaudited)
As at March 31, 2013
|Total net liabilities||3.7||5.9||(2.2)|
|Total net financial assets||2.6||4.5||(1.9)|
|Departmental net debt||1.1||1.4||(0.3)|
|Total non-financial assets||0.1||0.2||(0.1)|
|Departmental net financial position||(1.0)||(1.2)||0.2|
The decrease of $2.2 million in total net liabilities was mostly attributable to a decrease in accounts payable, more specifically a decrease in outstanding transfer payments at year-end.
|Accounts Payable and Accrued Liabilities (77%)||Vacation Pay and Compensatory Leave (11%)||Employee Future Benefits (12%)|
The decrease of $1.9 million in total net financial assets was mostly attributable to a decrease in the amount due from the Consolidated Revenue Fund. This is also attributable to a decrease in outstanding transfer payments at year-end.
The decrease of $0.1 million in total non-financial assets was due to the decreased net value of tangible capital assets.
|Financial Asset - Due from Consolidated Revenue Fund (96%)||Financial Asset - Accounts Receivable and Advances (1%)||Non-Financial Asset - Tangible Capital Assets (3%)|
The net financial position shows a negative balance of $1.0 million. This amount represents estimated liabilities such as employee severance benefits and accumulated vacation leave, for which funding will be made available from the Consolidated Revenue Fund at a later date
3.2 Financial Statements
For financial statements, please visit SWC's website.iii
3.3 Supplementary Information Tables
All electronic supplementary information tables listed in the 2012–13 Departmental Performance Report can be found on SWC's website.iv
- Details on Transfer Payment Programs
- Greening Government Operations
- Response to Parliamentary Committees and External Audits
- User Fees Reporting
3.4 Tax Expenditures and Evaluations Report
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.v
Section IV: Other Items of Interest
Organizational Contact Information
For SWC publications, please visit www.swc-cfc.gc.ca.
For financial information, contact:
Chief Financial Officer and Director, Corporate Services
For other information, contact:
Manager, Corporate Planning and Reporting
iiStrategic Environmental Assessment,
iii Financial Statements,
iv Supplementary Information Tables,
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