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The future-oriented financial highlights presented within this RPP are intended to serve as a general overview of Health Canada's financial position and operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.
Future-oriented financial statements can be found on Heath Canada's website.
Condensed Statement of Financial Position At End of Year |
% Change | Future-oriented 2011-12 |
Future-oriented 2010-11 |
---|---|---|---|
Assets | 2% | 609,495 | $600,277 |
Total Assets | 2% | 609,495 | $600,277 |
Liabilities | |||
Total Assets Liabilities | 1% | 1,250,023 | 1,231,795 |
Equity | 1% | (640,528) | (631,518) |
Total Liabilities and Equity of Canada | 2% | $609,495 | $600,277 |
Condensed Statement of Operations At End of Year |
% Change | Future-oriented 2011-12 |
Future-oriented 2010-11 |
---|---|---|---|
Expenses | |||
Total Expenses | -7% | 3,564,651 | 3,811,376 |
Revenues | |||
Total Revenues | 46% | (129,389) | (69,819) |
Net Cost of Operations | -9% | $3,741,557 | $3,435,262 |
Future-Oriented Assets by Type
Assets by Type
Assets by Type
Total assets are anticipated to be $609.5M for 2011-12, an increase of $9.2M over 2010-11 projections.
Due from Consolidated Revenue Fund is projected to be $394.3M for 2011-12, representing an increase of $6.4M over 2010-11 estimates. Accounts receivable are expected to be $26.8M. Trend analysis indicates that the net change in Health Canada's accounts receivable will be a net decrease of $0.4M. Capital assets are projected to be $173.4M, an increase of $3.2M over 2010-11 projections. Prepaid expenses are $15.0M, a figure unchanged from 2010-11.
Future-Oriented Liabilities by Type
Liabilities by Type
Total Liabilities
Total liabilities are anticipated to be $1,250.0M for 2011-12, a net increase of $18.2M over 2010-11 projections. The breakdown of liabilities is as follows: accounts payable and accrued liabilities $420.5M; vacation pay and compensatory leave $44.9M; deferred revenue $2.1M; employee future benefits $196.6M and other liabilities $585.9M.
Future-Oriented Expenses by Strategic Outcome
Expenses - Where Funds Go
Total Expenses
Health Canada is projecting $3,564.7M in expenses based on 2011-12 Main Estimates and accrued information. This amount does not include supplementary estimates. It represents a decrease of $246.7M from 2010-11 projections.
The expenses by Strategic Outcome are as follows: A Health System Responsive to the Needs of Canadians $375.2M; Canadians are informed of and protected from health risks associated with food, products, substances and environments, and are informed of the benefits of healthy eating $652.0M; First Nations and Inuit communities and individuals receive health services and benefits that are responsive to their needs so as to improve their health status $2,188.7M; and Internal Services $348.8M.
Expenses by Type
The expenses are broken down as follows: Transfer payments $1,420.4M; Salaries and wages $956.2M; Utilities, materials and supplies $451.2M; Professional and special services $395.8M; Travel-non-insured health patient $160.6M; and Other $180.5M.
Future-Oriented Revenuess by Strategic Outcome
Revenues - Where Funds Come From
Total Revenues
Health Canada receives most of its funding through annual Parliamentary appropriations. Health Canada's revenue is generated by program activities that support the above-noted Strategic Outcomes. Health Canada projects total revenues in 2011-12 will be $129.4M, representing an increase of $59.6M from 2010-11.
Revenues by Strategic Outcome are as follows: A Health System Responsive to the Needs of Canadians $8.3M; Canadians are informed of and protected from health risks associated with food, products, substances and environments, and are informed of the benefits of healthy eating $115.6M; and First Nations and Inuit communities and individuals receive health services and benefits that are responsive to their needs so as to improve their health status $5.5M.
Revenues by Type
These revenues will come from the following: Services of a regulatory nature $44.4M; Rights and privileges $43.5M; Services on a non-regulatory nature $23.2M; and Other $18.3M.
All electronic supplementary information tables found in the 2010-11 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat's web site at: www.tbs-sct.gc.ca/rpp/st-ts-eng.asp.
Based on the Federal Sustainable Development Strategy, Health Canada commits to
Please visit www.health.gc.ca/sustainabledevelopment for more information on the Departmental Sustainable Development Strategy (DSDS).