Section III: Supplementary Information 2014-15
Future-Oriented Statement of Operations
The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of Natural Resources Canada’s operations. The forecasted financial information on expenses and revenues are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.
Because the future-oriented statement of operations is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.
A more detailed future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, can be found on Natural Resources Canada’s website.
|
Financial Information |
Estimated Results |
Planned Results |
Change |
|---|---|---|---|
|
Total expenses |
2,076,591 |
2,475,529 |
398,938 |
|
Total revenues |
31,803 |
35,051 |
3,248 |
|
Net cost of operations |
2,044,788 |
2,440,478 |
395,690 |
The charts below present the distribution by program of Natural Resources Canada’s total estimated expenses for 2013-14 and planned expenses for 2014-15 on an accrual basis. The variance of $398,938 between years can be explained by:
- an increase of $432,625 (from $850,137 in 2013-14 to $1,282,762 in 2014-15) in Statutory Programs – Atlantic Offshore due to fluctuations in oil and gas prices, production levels, exchange rates and operators’costs;
- an increase of $126,800 (from $350,946 in 2013-14 to $477,746 in 2014-15) in Energy-Efficient Practices and Lower-Carbon Energy Sources due largely to variations in expenses under the ecoENERGY for Biofuels program and Grants to Sustainable Development Technology Canada for the Next Generation Biofuels Fund; and offset by,
- a decrease of $138,150 (from $ 209,448 in 2014-15 to $71,298 in 2014-15) in Responsible Natural Resource Management related largely to variations in expenses under the Nuclear Legacy Liabilities program offset by remediation expenses under the Port Hope Area Initiative.
The revenues remain comparable between years.
Expenses, Fiscal Year 2013-2014 (in thousands of dollars)
Text version
Expenses Fiscal year 2013-14
The following chart presents a distribution of Natural Resources Canada’s total forecasted expenses in 2013-2014 by program activity. Total forecasted expenses amount to $2,076,591,000.
Expenses, Fiscal Year 2014-2015 (in thousands of dollars)
Text version
Expenses Fiscal year 2014-15
The following chart presents a distribution of Natural Resources Canada’s total planned expenses in 2014-2015 by activity. Total planned expenses amount to $2,475,529,000.
List of Supplementary Information Tables
The supplementary information tables listed in the 2014–15 Report on Plans and Prioritiesxx can be found on the Natural Resources Canada’s website.
- Details on Transfer Payment Programs;
- Disclosure of TPPs under $5 million;
- Up-Front Multi-Year Funding;
- Greening Government Operations;
- Horizontal Initiatives;
- Upcoming Internal Audits and Evaluations over the next three fiscal years; and
- User Fees.
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 Evaluationsxxi 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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