For more information on Transport Canada’s financial statements, please visit our website [21].
Financial Highlights
| $ Change | Planned Results 2014 | Estimated Results
2013 |
|
|---|---|---|---|
| Total liabilities | (6) | 1,976 | 1,982 |
| Total net financial assets | 57 | 1,138 | 1,081 |
| Departmental net debt | (63) | 838 | 901 |
| Total non-financial assets | 37 | 2,409 | 2,372 |
| Departmental net financial position | 100 | 1,571 | 1,471 |
Note: Due to rounding the figures may not agree with the totals or details provided elsewhere. These figures are prepared on an accrual basis and therefore differ from the planned spending in other sections of this Report on Plans and Priorities.
| $ Change | Planned Results 2014 | Estimated Results
2013 |
|
|---|---|---|---|
| Total expenses | (69) | 1,594 | 1,663 |
| Total revenues | (2) | 86 | 88 |
| Net cost of operations before government funding and transfers | (67) | 1,508 | 1,575 |
| Government funding and transfers | 106 | 1,608 | 1,502 |
| Net cost of operations after government funding and transfers | (173) | (100) | 73 |
| Departmental net financial position - Beginning of year | (73) | 1,471 | 1,544 |
| Departmental net financial position - End of year | 100 | 1,571 | 1,471 |
Note: Due to rounding the figures may not agree with the totals or details provided elsewhere. These figures are prepared on an accrual basis and therefore differ from the planned spending in other sections of this Report on Plans and Priorities.
Supplementary Information Tables
All electronic supplementary information tables found in the 2013–14 Reports on Plans and Priorities can be found on the Transport Canada’s website [22].
- Details on Transfer Payment Programs;
- Greening Government Operations;
- Horizontal Initiatives;
- Sources of Respendable and Non-Respendable Revenue;
- Status Report on Transformational and Major Crown Projects;
- Summary of Capital Spending by Program; and
- Upcoming Internal Audits and Evaluations over the next three fiscal years.
Tax Expenditures and Evaluations Report
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. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.