2013-2014 Report on Plans and Priorities

Section III- Supplementary Information

Financial Highlights

The future-oriented financial highlights presented within this Report on Plans and Priorities are intended to serve as a general overview of the Parks Canada Agency operations and financial position. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

In preparing these future-oriented financial highlights, Parks Canada Agency has made estimates and assumptions concerning the future. These estimates and judgments may differ from the subsequent actual results. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to have reasonable certainty under the circumstances.

Future-Oriented Condensed Statement of Operations and Net Financial Position
For the Year Ended March 31
($ thousands)
$ Change Forecast
2013-14
Estimated Results 2012-13
Total expenses 9,253 689,281 680,028
Total revenues 2,772 120,543 117,771
Net cost of operations before government funding 6,481 568,738 562,257
Net financial position 72,267 1,853,627 1,781,360

Future-Oriented Condensed Statement of Financial Position
As at March 31
($ thousands)
$ Change Forecast
2013-14
Estimated Results 2012-13
Total net liabilities (47,988) 119,377 167,365
Total net financial assets (10,295) 78,532 88,827
Net debt (37,693) 40,845 78,538
Total non-financial assets 34,574 1,894,472 1,859,898
Net financial position 72,267 1,853,627 1,781,360

Future-Oriented Financial Statements

A full set of the Agency’s future-oriented financial statements can be found in the online version of this plan, which is available in the Library section of the Parks Canada websitexv.

List of Supplementary Information Tables

The following supplementary information tables are available in the online version of this plan on the Parks Canada website.xvi

  • Details on Transfer Payment Programs
  • Greening Government Operations
  • Sources of Respendable and Non-Respendable Revenue
  • Summary of Capital Spending by Program
  • Upcoming Internal Audits and Evaluations
  • User Fees

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.xvii The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.


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