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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 ($ millions)
	2012–13 Planned Results	2012–13 Actual	2011–12 Actual	$ Change (2012–13 Planned vs. Actual)	$ Change (2012–13 Actual vs. 2011–12 Actual)
Total expenses	30.8	31.1	30.2	(0.3)	0.9
Total revenues	-	-	-	-	-
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.

Expenses by Major Program
	Women's Participation in Canadian Society (74%)	Strategic Policy Analysis, Planning and Development (8%)	Internal Services (18%)
	74%	8%	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 ($ millions)
	2012–13	2011–12	$ Change
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.

Liabilities by Type
	Accounts Payable and Accrued Liabilities (77%)	Vacation Pay and Compensatory Leave (11%)	Employee Future Benefits (12%)
	77%	11%	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.

Assets by Type
	Financial Asset - Due from Consolidated Revenue Fund (96%)	Financial Asset - Accounts Receivable and Advances (1%)	Non-Financial Asset - Tangible Capital Assets (3%)
	96%	1%	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 cfc-swc.gc.ca.

For financial information, contact:

Johanne Tremblay
Chief Financial Officer and 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

ⁱ Public Accounts of Canada 2013

ⁱⁱStrategic Environmental Assessment,
http://www.ceaa.gc.ca/default.asp?lang=En&n=B3186435-1

ⁱⁱⁱ Financial Statements,
cfc-swc.gc.ca/account-resp/pr/fin/index-eng.html

^iv Supplementary Information Tables,
cfc-swc.gc.ca/account-resp/pr/dpr-rmr/1213/st-ts-eng.html

^v Tax Expenditures and Evaluations Report
http://www.fin.gc.ca/purl/taxexp-eng.asp