Section III - Supplementary Information

Financial Highlights

The highlights presented in this section are intended to serve as a general overview of NRCan’s operations. Future-oriented financial statements are prepared on an accrual basis and the intent is to strengthen accountability and improve transparency.

The variances between the figures presented in this section and the planned spending amounts provided in other sections of the RPP are the result of the exclusion of items such as non-respendable revenues, services without charge received from other government departments, amortization, and adjustments to liabilities (environmental liabilities, vacation pay, compensatory leave and employee future benefits). Also, statutory payments related to the employer's portion of the Employee Benefit Plan are included in the following figures, but not in the planned spending.

Future-Oriented Condensed Statement of Operations and Departmental Net Financial Position
For the Year ended March 31
($ millions)

	$ Change	Forecast 2013-14	Estimated Results 2012-13*
Total Expenses	534	2,764	2,230
Total Revenues	3	36	33
Net Cost of operations before government funding and transfers	531	2728	2197
Departmental net financial position	(155)	(851)	(1,006)

Future-Oriented Condensed Statement of Financial Position
For the Year ended March 31
($ millions)

	$ Change	Forecast 2013-14	Estimated Results 2012-13
Total net liabilities	(9)	1,646	1,655
Total net financial assets	132	536	404
Departmental net debt	(141)	1,110	1,251
Total non- financial assets	14	259	245
Departmental net financial position	(155)	(851)	(1,006)

Liabilities-The chart below presents NRCan’s projected liabilities at the end of 2013-14.

Assets-The chart below presents NRCan’s projected assets at the end of 2013-14.

Expenses-The chart below presents the distribution by program activity of NRCan’s total projected expenses for 2013-14.

Revenues-The chart below presents the distribution of NRCan’s total projected revenues for 2013-14.

NRCan financial statements are available on the NRCan website ⁸⁰.

Future-Oriented Financial Statements

The complete Future-Oriented Financial Statements are available on the NRCan website ⁸¹.

List of Supplementary Information Tables

All electronic supplementary information tables listed in the 2013-14 Report on Plans and Priorities can be found on the NRCan website ⁸².

• Details on Transfer Payment Programs;
• Disclosure of TPPs under $5 million;
• Greening Government Operations;
• Horizontal Initiatives;
• Sources of Respendable and Non-Respendable Revenue;
• Summary of Capital Spending by Program;
• Up-Front Multi-Year Funding; and
• Upcoming Internal Audits and Evaluations over the next three fiscal years.

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 publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations ⁸³ publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.

For more information on the Tax Expenditures and Evaluations Report, please see the Department of Finance website ⁸⁴.

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