2013-14 Departmental Performance Report
Section III: Supplementary Information
Financial Statements Highlights
This table sets out SWC’s Condensed Statement of Operations and Departmental Net Financial Position for the year ending on March 31, 2014. Expenses, revenue, net cost of operations before government funding and transfers and departmental net financial position are provided in dollars. The table shows planned and actual results and the difference between the two for the years 2013-14 and 2012-13.
|Difference (2013–14 actual minus 2013–14 planned)||Difference (2013–14 actual minus 2012–13 actual)|
|Net cost of operations before government funding and transfers||31,116,000||32,032,967||31,107,087||916,967||925,880|
|Departmental net financial position||(991,000)||(100,839)||(994,208)||890,161||893,369|
This table sets out SWC’s Condensed Statement of Financial Position as of March 31, 2014. It shows, in dollars, SWC’s net liabilities, net financial assets, net debt, total non financial assets, and departmental net financial position for the periods 2013-14 and 2012-13. It also shows the difference between the two years.
|Total net liabilities||4,327,443||3,740,756||586,687|
|Total net financial assets||3,617,381||2,655,631||961,750|
|Departmental net debt||710,062||1,085,125||(375,063)|
|Total non-financial assets||609,223||90,917||518,306|
|Departmental net financial position||(100,839)||(994,208)||893,369|
For financial statements, please visit SWC’s websiteEndnote ii
Supplementary Information Tables
The supplementary information tables listed in the 2013–14 Departmental Performance Report can be found on SWC’s websiteEndnote iii.
- Departmental Sustainable Development Strategy
- Details on Transfer Payment Programs
- Internal Audits and Evaluations
- User Fees Reporting
Tax Expenditures and Evaluations
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 EvaluationsEndnote iv publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.
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