Section III: Supplementary Information

Financial Statements Highlights

Condensed Statement of Operations (unaudited)
For the Year Ended March 31, 2015
Financial Information 2014–15
Difference (2014–15 actual minus 2014–15 planned) Difference (2014–15 actual minus 2013–14 actual)
Total expenses 31,081,000 31,498,240 32,034,971 417,240 (536,731)
Total revenues 0 0 2,004 0 (2,004)
Net cost of operations before government funding and transfers 31,081,000 31,498,240 32,032,967 417,240 (534,727)
Condensed Statement of Financial Position (unaudited)
As at March 31, 2015
Financial Information 2014–15 2013–14 Difference
(2014–15 minus
Total net liabilities 5,883,491 4,327,443 1,556,048
Total net financial assets 5,207,850 3,617,381 1,590,469
Departmental net debt 675,641 710,062 (34,421)
Total non-financial assets 526,492 609,223 (82,731)
Departmental net financial position (149,149) (100,839) (48,310)

Financial Statements

For financial statements, please visit SWC’s websiteEndnote iv.

Supplementary Information Tables

The supplementary information tables listed in the 2014–15 Departmental Performance Report are available on SWC’s websiteEndnote v.

  • Departmental Sustainable Development Strategy
  • Details on Transfer Payment Programs of $5 Million or More
  • Internal Audits and Evaluations
  • Response to Parliamentary Committees and External Audits
  • User Fees, Regulatory Charges and External Fees

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 vi publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the responsibility of the Minister of Finance.

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