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Section 3 - Supplementary Information

Financial Highlights

($ thousands)

Condensed Statement of Financial Position (for the year ended March 31, 2010)	% Change	2009-10	2008-09
Assets
Financial Assets	9.5%	311,022	283,926
Non-financial Assets	6.7%	2,453,547	2,300,375
Total	7.0%	2,764,569	2,584,301
Liabilities
Total Liabilities	7.0%	627,943	586,906
Equity
Total Equity	7.0%	2,136,626	1,997,395
Total	7.0%	2,764,569	2,584,301

($ thousands)

Condensed Statement of Operations (for the year ended March 31, 2010)	% Change	2009-10	2008-09
Expenses
Total Expenses	12.0%	1,985,815	1,773,155
Revenues
Total Revenues	2.2%	99,268	97,174
Net Cost of Operations	12.6%	1,886,547	1,675,981

Highlights of DFO's Financial Statements

DFO's annual financial statements are prepared in accordance with Treasury Board accounting policies, which are based on Canadian generally accepted accounting principles. These financial statements demonstrate the accountability of DFO for the resources provided ($2,049 million provided by the government in 2009-10, of which $1,981 million was spent to achieve results for Canadians).

Under Canada's Economic Action Plan (EAP), Fisheries and Oceans is investing $343 million over two years in projects and programs such as Small Crafts Harbours, Canadian Coast Guard, and laboratories and science facilities. The EAP caused a significant but temporary increase in activity for the Department in 2009-10 that will continue in 2010-11. Much of the investment under this initiative is reflected in DFO's Statement of Financial Position for 2009-10:

• Total assets of $2,765 million represented an increase of $180 million (7%) from 2008-09.
• Financial assets and equity have been restated as a result of early adoption of Treasury Board Accounting Standard 1.2. The net effect is an increase of $26.5 million in the Due from Consolidated Revenue Fund, representing DFO's entitlement to draw from the Consolidated Revenue Fund in the future without further charges against its authorities.
• Tangible capital assets accounted for 89% of departmental total assets.
• Acquisitions of tangible capital assets totalled $348 million, of which $165 million was from EAP funding.
• Total liabilities were $628 million, an increase of $41.0 million (7%) from 2008-09.
• Accounts payable and accrued liabilities increased by $26.4 million, mainly because of EAP-funded projects.
• Other liabilities increased by $16.8 million, principally from research project deposits.

For more detailed information, see DFO's financial statements on the DFO website.

Supplementary Tables

The following tables are available electronically on the Treasury Board of Canada Secretariat website:

• Sources of Respendable and Non-Respendable Revenue;
• User Fees;
• Status Report on Projects Operating with Specific Treasury Board Approval;
• Status Report on Major Crown Projects;
• Details on Transfer Payment Programs;
• Up-front Multi-year Funding;
• Horizontal Initiatives;
• Green Procurement;
• Response to Parliamentary Committees and External Audits; and
• Internal Audits and Evaluations.

Other Items of Interest

Additional information on the following topics is available electronically on DFO's website:

• Awards and Recognition;
• DFO on the Job;
• Organizational Structure;
• Performance Information for Program Sub-activities and Sub-sub-activities; and
• Regional Contributions to Strategic Outcomes.

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