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Home / Annual Report 2011-2012 – Statement of Financial Position

Annual Report 2011-2012 – Statement of Financial Position

as at March 31

STATEMENT OF FINANCIAL POSITION
2012 ($) 2011 ($)
  Restated (note 13)
LIABILITIES
Accounts payable and accrued liabilities (Note 5) 1,834,611 598,356
Vacation pay and compensatory leave 180,824 136,562
Employee future benefits (Note 6) 299,130 544,958
Total Liabilities 2,314,565 1,279,876
 
FINANCIAL ASSETS
Due from Consolidated Revenue Fund 506,783 586,456
Accounts receivable (note 7) 3,200 13,225
Total gross financial assets 509,983 599,681
       
FINANCIAL ASSETS HELD ON BEHALF OF GOVERNMENT
Accounts receivable and advances (note 7) (1000) (1000)
Total financial assets held on behalf of Government (1000) (1000)
Total net financial assets 508,983 598,681
   
Net debt 1,805,582 681,195
 
NON-FINANCIAL ASSETS
Prepaid expenses 6,615 4,277
Tangible capital assets (Note 8) 87,092 160,960
Total non-financial assets 93,707 165,237
     
NET FINANCIAL POSITION 1,711,875 515,958

Contractual obligations (Note 10)

The accompanying notes form an integral part of these financial statements

Approved by:

David McLaughlin
President and Chief Executive Officer		 Jim McLachlan
Chief Financial Officer

Ottawa, Canada
July 11, 2012