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 (2016–17 actual minus 2016–17 planned)||Difference (2016–17 actual minus 2015–16 actual)|
|Net cost of operations before government funding and transfers||97,822,640||101,093,571||101,938,913||3,270,931||(845,342)|
|1The 2016–17 planned results are those reported in the Future-Oriented Statement of Operations included in the 2016–17 Report on Plans and Priorities.|
Expenses: CAS’ total expenses were $101,101,357 in 2016–17 ($101,941,788 in 2015–16). The largest components of the decrease of $840,431 (0.82%) were decreases in professional and special services, as well as accommodations.
Revenues: The majority of CAS’ 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’ gross revenues were $3,069,931 in 2016–17 ($2,979,168 in 2015–16) and net revenues were $7,786 in 2016–17 ($2,875 in 2015–16).
|Total net liabilities||17,654,744||17,487,777||166,967|
|Total net financial assets||12,456,579||11,812,008||644,571|
|Departmental net debt||5,198,165||5,675,769||(477,604)|
|Total non-financial assets||12,848,216||10,527,383||2,320,833|
|Departmental net financial position||7,650,051||4,851,614||2,798,437|
CAS’ net liabilities as at March 31, 2017 were $17,654,744 ($17,487,777 as at March 31, 2016). The increase of $166,967 (1%) is the result of the following:
Assets: The composition of CAS’ 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 increase of $644,571 is mainly due to an increase in the accounts receivable and advances.
Non-financial assets: The increase of $2,320,833 is mainly due to the acquisitions of tangible capital assets, mostly related to the physical security and IT infrastructure, 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.