Section III: Supplementary Information

Financial Statement Highlights

Financial Statements

Transport Canada
Condensed Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2014
(thousands of dollars)
  2013–14
Planned
Results
2013–14
Actual
2012–13
Actual
Difference
(2013–14 actual minus
2013–14 planned)
Difference
(2013–14 actual minus
2012–13 actual)
Total expenses 1,586,110 1,530,246 1,605,962 (55,864) (75,716)
Total revenues 86,112 87,892 87,669 1,780 223
Net cost of operations before government funding and transfers 1,508,416 1,449,110 1,521,292 (59,306) (72,182)
Departmental net financial position 1,570,632 1,357,604 1,391,402 (213,028) (33,798)
 
Transport Canada
Condensed Statement of Financial Position (Unaudited)
As at March 31, 2014 (thousands of dollars)
  2013–14 2012–13 Difference
(2013–14 minus
2012–13)
Total liabilities 1,640,589 1,681,065 (40,476)
Total net financial assets 719,962 692,458 27,504
Departmental net debt 920,627 988,607 (67,980)
Total non-financial assets 2,278,231 2,380,009 (101,778)
Departmental net financial position 1,357,604 1,391,402 (33,798)

Transport Canada's financial reports are available on our websiteEndnote.

Supplementary Information Tables

The supplementary information tables listed in the 2013–14 Departmental Performance Report can be found on Transport Canada’s websiteEndnote .

Tax Expenditures and Evaluations

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. Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and EvaluationsEndnote publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.