Financial Statements
Transport Canada’s financial statements [unaudited] for the year ended March 31, 2017, are available on our websiteFootnote .
Financial statements highlights
| Financial information | 2016-17 Planned results | 2016-17 Actual | 2015-16 Actual | Difference (2016-17 actual minus 2016-17 planned) | Difference (2016-17 actual minus 2015-16 actual) |
|---|---|---|---|---|---|
| Total expenses | 1,433,672,534 | 1,288,706,283 | 1,650,496,911 | (144,966,251) | (361,790,628) |
| Total revenues | 79,214,268 | 73,263,777 | 83,791,905 | (5,950,491) | (10,528,128) |
| Net cost of operations before government funding and transfers | 1,354,458,266 | 1,215,442,506 | 1,566,705,006 | (139,015,760) | (351,262,500) |
Condensed Statement of Financial Position (unaudited) as at March 31, 2017 (dollars)
| Financial information | 2016-17 | 2015-16 | Difference
(2016-17 minus 2015-16) |
|---|---|---|---|
| Total net liabilities | 1,435,800,076 | 1,357,052,730 | 78,747,346 |
| Total net financial assets | 577,460,354 | 476,148,870 | 101,311,484 |
| Departmental net debt | 858,339,722 | 880,903,860 | (22,564,138) |
| Total non-financial assets | 2,788,936,079 | 2,820,891,023 | (31,954,944) |
| Departmental net financial position | 1,930,596,357 | 1,939,987,163 | (9,390,806) |