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The preparation of future-oriented financial statements is part of new reporting initiatives applicable to all departments starting in this 2011-2012 Report on Plans and Priorities. This new reporting is part of a series of financial initiatives that aim to strengthen accountability, improve transparency and financial management.
The highlights presented in this section are intended to serve as a general overview of PWGSC’s operations. These consolidated condensed future-oriented financial statements are prepared on an accrual basis of accounting to better align consumption of resources with the services provided, rather than reporting solely inlays and outlays of cash.
Reporting of financial authorities which is primarily based on cash flow requirements does not reflect reporting of future-oriented financial results which is on an accrual basis. The two types of reporting are reconciled in PWGSC’s Future-Oriented
Consolidated Financial Statements that can be found on PWGSC website
http://www.tpsgc-pwgsc.gc.ca/rapports-reports/rpp/index-eng.html.
2011-2012 |
|
---|---|
Assets |
5,939.0 |
Total |
5,939.0 |
Liabilities |
3,555.8 |
Equity |
2,383.2 |
Total |
5,939.0 |
2011-2012 |
|
---|---|
Expenses |
5,260.0 |
Revenues |
2,827.6 |
Net Cost of Operations |
2,432.4 |
The following tables are located on the Treasury Board Secretariat website
(http://www.tbs-sct.gc.ca/rpp/st-ts-eng.asp):
Sustainable Development
Based on the Federal Sustainable Development Strategy, PWGSC commits to
Providing specific information on its sustainable development activities.
Ensuring that the Government’s environmental goals are taken into account when pursuing social and economic goals by strengthening the application of Strategic Environmental Assessments.
Pursuing best practices on reporting on summary information related to the results of Strategic Environmental Assessments, including those linked to the Federal Sustainable Development Strategy goals and targets, in order to ensure that environmental decision making is more transparent.
For additional details on PWGSC’s activities to support sustainable development please see
http://www.tpsgc-pwgsc.gc.ca/ecologisation-greening/publications/renouvelable-sustainable-eng.html
[ GGO table housed on the TBS website ]
and for complete details on the Federal Sustainable Development Strategy please see http://www.ec.gc.ca/dd-sd/default.asp?lang=En&n=C2844D2D-1.