Archived — Departmental Performance Report 2013–14

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Section III: Supplementary Information

Financial Statements Highlights

FedDev Ontario Condensed Statement of Operations and Departmental Net Financial Position (unaudited)
For the Year Ended March 31, 2014
(dollars)
  2013–14
Planned
Results
2013–14
Actual
2012–13
Actual
Difference (2013–14 actual minus 2013–14 planned) Difference (2013–14 actual minus 2012–13 actual)
Total expenses 181,317,000 204,622,076 173,395,770 23,305,076 31,226,306
Total revenues 0 20,784 0 20,784 20,784
Net cost of operations before
government funding and transfers
181,317,000 204,601,292 173,395,770 23,284,292 31,205,522
Departmental net financial position (1,501,000) 939,409 (2,145,211) 2,440,409 3,084,620
FedDev Ontario Condensed Statement of Financial Position (unaudited)
As at March 31, 2014
(dollars)
  2013–14 2012–13 Difference
Total net liabilities 78,338,641 121,464,606 (43,125,965)
Total net financial assets 79,073,990 119,118,137 (40,044,147)
Departmental net debt 735,349 (2,346,468) 3,081,817
Total non-financial assets 204,060 201,257 2,803
Departmental net financial position 939,409 (2,145,211) 3,084,620

Financial Statements

FedDev Ontario's complete Financial Statements (unaudited) for 2013–14 can be found on FedDev Ontario's website.Footnote iv

Supplementary Information Tables

The supplementary information tables listed in the 2013–14 Departmental Performance Report can be found on FedDev Ontario's website.Footnote v

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 EvaluationsFootnote vi 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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