The highlights presented in this section are drawn from CAS’s 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.
| Financial Information | 2014–15 Planned Results | 2014–15 Actual | 2013–14 Actual | Difference (2014–15 actual minus 2014–15 planned) | Difference (2014–15 actual minus 2013–14 actual) |
|---|---|---|---|---|---|
|
The planned results amounts are those reported in the Future-Oriented Statement of Operations included in the 2014–15 Report on Plans and Priorities. |
|||||
| Total expenses | 97,694,644 | 98,149,017 | 95,230,581 | 454,373 | 2,918,436 |
| Total revenues | 2,774 | 0 | 3,850 | (2,774) | (3,850) |
| Net cost of operations before government funding and transfers | 97,691,870 | 98,149,017 | 95,226,731 | 457,147 | 2,922,286 |
Expenses: CAS’s total expenses were $98,149,017 in 2014–15 ($95,230,581 in 2013–14). The largest components in the increase of $2,918,436 (3%) were increases of $1,225,576 in accommodations, $724,785 in salaries and employee benefits, $495,726 in amortization of tangible capital assets, and $298,864 in machinery and equipment.
Salaries and employee benefits: Salary and employee benefit expenses were $53,908,615 in 2014–15 ($53,183,830 in 2013–14). The $724,785 (1%) increase compared to 2013–14 is primarily due to a $1,185,020 increase in the provision for severance benefits, offset by a $303,901 decrease in salaries and wages, a $132,705 decrease in employer contributions to employee benefits plans, and other minor decreases of $23,629. More than half (55%) of CAS’s total expenses in 2014–15 consisted of salaries and employee benefits.
Operating: Operating expenses were $44,240,402 in 2014–15 ($42,046,751 in 2013–14) and made up 45% of CAS’s total expenses. Operating expenses included accommodations (28% of total expenses); professional and special services (8% of total expenses); and other expenses (9% of total expenses). The $2,193,651 (5%) increase compared to 2013–14 is attributable to increases of $1,225,576 in accommodations, $495,726 in amortization of tangible capital assets, $298,864 in machinery and equipment, and other minor increases totalling $173,485.
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’s gross revenues were $2,597,088 in 2014–15 ($3,017,798 in 2013–14). These included filing fees (63%), Employment Insurance Operating Account cost recoveries (28%), fines (5%), and other revenues (4%). CAS earns a small amount of respendable revenue from the sale of Crown assets. There were no sales of Crown assets in 2014–15; therefore, net revenues were nil ($3,850 in 2013–14).
| Financial Information | 2014–15 | 2013–14 | Difference (2014–15 minus 2013–14) |
|---|---|---|---|
| Total net liabilities | 17,571,084 | 15,460,196 | 2,110,888 |
| Total net financial assets | 12,362,300 | 10,347,122 | 2,015,178 |
| Departmental net debt | 5,208,784 | 5,113,074 | 95,710 |
| Total non-financial assets | 7,756,582 | 7,521,564 | 235,018 |
| Departmental net financial position | 2,547,798 | 2,408,490 | 139,308 |
Liabilities:
CAS’s net liabilities as at March 31, 2015, were $17,571,084 ($15,460,196 as at March 31, 2014). The increase of $2,110,888 is the result of the following:
- Accounts payable and accrued liabilities (29% of total liabilities): Increase of $1,181,383 largely due to an increase of $1,488,476 in accrued liabilities as a result of the Government’s implementation of salary payments in arrears, partly offset by a decrease in accounts payable to external parties.
- Vacation pay and compensatory leave (11% of total liabilities): Decrease of $139,148 due to CAS’s continued efforts to increase the utilization of vacation leave.
- Deposit accounts (45% of total liabilities): Increase of $708,975. Because they reflect many separate decisions of the Courts, deposits cannot be projected and the balance in the deposit accounts can vary significantly from year to year.
- Employee future benefits (15% of total liabilities): Increase of $359,678 due to an increase in the actuarially determined liability for severance benefits for the Government as a whole.
Assets:
Financial assets:
- Amount due from the CRF (58% of gross assets)
- Accounts receivable and employee advances (5% of gross assets)
Non-financial assets:
- Tangible capital assets (36% of gross assets)
- Prepaid expenses (1% of gross assets)
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 $2,015,178 is mainly due to an increase in the amount due from the CRF. This amount represents the net amount of cash that CAS is entitled to withdraw from the CRF without generating additional charges against its authorities.
Non-financial assets: The increase of $235,018 is mainly due to prepaid expenses, as well as a smaller increase in tangible capital assets.
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.
Further Financial Information
The Financial Statements and Financial Statement Discussion and Analysis.
