The highlights presented in this section are drawn from CAS’ financial statements and are prepared on an accrual basis. These financial statements have been prepared using Government of Canada accounting policies, which are based on Canadian public sector accounting standards.
|Difference (2015–16 actual minus 2015–16 planned)||Difference (2015–16 actual minus 2014–15 actual)|
|The 2015–16 planned results are those reported in the Future-Oriented Statement of Operations included in the 2015–16 Report on Plans and Priorities.|
|Net cost of operations before government funding and transfers||96,289,429||101,938,913||98,149,017||5,649,484||3,789,896|
Expenses: CAS’s total expenses were $101,941,788 in 2015-16 ($98,149,017 in 2014–15). The largest components of the increase of $3,792,771 (4%) were increases in professional and special services, as well as accommodations.
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. CAS earns a small amount of respendable revenue from the sale of Crown assets. CAS’s gross revenues were $2,979,168 in 2015–16 ($2,597,088 in 2014–15) and net revenues were $2,875 in 2015–16 (nil in 2014–15).
|Total net liabilities||17,487,777||17,571,084||(83,307)|
|Total net financial assets||11,812,008||12,362,300||(550,292)|
|Departmental net debt||5,675,769||5,208,784||466,985|
|Total non-financial assets||10,527,383||7,756,582||2,770,801|
|Departmental net financial position||4,851,614||2,547,798||2,303,816|
CAS’s net liabilities as at March 31, 2016 were $17,487,777 ($17,571,084 as at March 31, 2015). The decrease of $83,307 (-0.5%) is the result of the following:
Assets: The composition of CAS’s financial and non-financial assets is the following:
Net financial assets: This is comprised of financial assets net of accounts receivable held on behalf of Government. Accounts receivable held on behalf of Government consist primarily of accounts receivable from other governmental organizations. The decrease of $550,292 is mainly due to a decrease in the amount due from the Consolidated Revenue Fund, which represents the net amount of cash that CAS is entitled to withdraw from the Consolidated Revenue Fund without generating additional charges against its authorities.
Non-financial assets: The increase of $2,770,801 is mainly due to tangible capital assets, as well as a smaller increase in prepaid expenses.
Departmental net debt: This provides a measure of the future authorities required to pay for past transactions and events.
Departmental net financial position: This represents the net resources (financial and non-financial) that will be used to provide future services to the courts and thereby to benefit Canadians.
The Financial Statements and Financial Statement Discussion and Analysis are available on-line at: http://www.cas-satj.gc.ca/en/publications/dpr.shtml.