Financial Statements highlights

Statement of Operations


Courts Administration Service
Condensed Statement of Operations and Departmental
Net Financial Position (unaudited)
For the Year Ended March 31, 2014 (dollars)
 
2013–14 Planned Results


2013–14 Actual

2012–13
Actual
(Restated1)
Difference
(2013–14
actual minus
2013–14
planned)
Difference
(2013–14
actual minus
2012–13
actual)

1Note: During the preparation of CAS's financial statements for the fiscal year ended
March 31, 2014, errors were identified in the financial statements of prior periods. The corrections have been reported retroactively and comparative information has been restated. These are related to the capitalization of salary costs and the accounting treatment of certain tangible capital assets.

Total expenses 99,950,591 95,230,581 93,967,006 (4,720,010) 1,263,575
Total revenues 7,610 3,850 3,798 (3,760) 52
Net cost of operations before government funding and transfers 99,942,981 95,226,731 93,963,208 (4,716,250) 1,263,523
Departmental net financial position 688,035 2,408,490 (457,614) 1,720,455 2,866,104

Statement of Operations and Departmental Net Financial Position


Expenses: CAS's total expenses were $95,230,581 in 2013-14 ($93,967,006 in 2012-13). The largest components in the increase of $1,263,575 (1%) were increases of $403,847 in amortization of tangible capital assets and $285,089 in professional and special services.

  • Salaries and employee benefits: Salary and employee benefit expenses were $53,183,830 in 2013-14 ($52,998,803 in 2012-13). The $185,027 (0.4%) increase compared to 2012-13 is primarily due to the completion of severance liquidation payments in 2013-14. More than half of CAS's total expenses consist of salaries and employee benefits.
  • Operating: Operating expenses were $42,046,751 in 2013-14 ($40,968,203 in 2012-13). The $1,078,548 (3%) increase compared to 2012-13 is attributable to increases of $403,847 in amortization of tangible capital assets and $285,089 in professional and special services, and other minor variances totaling $389,612.

Revenues: The majority of CAS's revenues are earned on behalf of Government. Such revenues are non-respendable, meaning that they cannot be used by CAS, and are deposited directly into the Consolidated Revenue Fund (CRF). CAS earns a small amount of respendable revenue from the sale of Crown assets. CAS's gross revenues were $3,017,798 in 2013-14 ($5,611,564 in 2012-13) and net revenues were $3,850 in 2013-14 ($3,798 in 2012-13).