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Section III - Supplementary Information

Financial Highlights

The highlights presented in this section are intended to serve as a general overview of PWGSC's future-oriented results. The following 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 solely reporting inflows and outlays of cash.

Future-Oriented Financial Statements

The complete set of PWGSC's Future-Oriented Consolidated Financial Statements can be found on PWGSC's website at:
www.tpsgc-pwgsc.gc.ca/rapports-reports/rpp/index-eng.html/

Condensed Future-Oriented Statement of Operations
For the Year (ended March 31)
($ millions)

	Estimated Results 2012	Planned Results 2013	$ Change
Total Expenses	5,251.1	4,968.3	(282.8)
Total Revenues	2,717.9	2,550.0	(167.9)
Net Cost of Operations	2,533.2	2,418.3	(144.9)

Note: Change in results is a reflection of Estimated Results minus Planned Results.

The reduction of $282.8 million in Planned Expenses, when compared to the 2012 Estimated Expenses is mainly attributable to the:

• Transfer of information technology related services from PWGSC to Shared Services Canada following the creation of this new department on August 4, 2011. The transfer to Shared Services Canada is composed of the following:
  • $82.5 million for information technology services provided to other government departments from April 1st to August 3rd, 2011; and
  • $113.4 million related information technology services provided within PWGSC.
• Reduction of $83.1 million in 2013 Planned Expenses related to the Accommodation and Real Property Assets Management program activity, when compared to the 2012 Estimated Expenses. This reduction is primarily explained by the fact that the department is moving forward on major real property projects such as the Parliamentary Precinct, and that in 2013 the related funding is planned to translate into capital asset investments rather than expenses. In other words newer owned buildings will result in lower repairs and maintenance costs as well as lower rental expenses.
• Winding up of Consulting and Audit Services Canada under the Specialized Programs and Services activity as part of the Budget 2011 Strategic Review exercise, for a total impact on expenses of approximately $35 million; and
• An offset of $46 million to continue remediation and assessment activities at federal contaminated sites under the custody of PWGSC in order to reduce human health and environmental risks and associated financial liabilities.

The reduction of $167.9 million in Planned Revenues, when compared to the 2012 Estimated Revenues is also mainly attributable to the:

• Transfer of information technology related services from PWGSC to Shared Services Canada, following the creation of this new department on August 4, 2011, for a total amount of $76.8 million in revenues from April 1st to August 3rd 2011; and
• Budget 2011 Strategic Review Exercise leading to the winding up of Consulting and Audit Services Canada for a total impact on revenues of approximately $35 million.

Condensed Statement of Financial Position
For the Year (ended March 31)
($ millions)

	Estimated Results 2012	Planned Results 2013	$ Change
Total assets	6,300.8	7,012.1	711.3
Total liabilities	3,600.1	4,011.2	411.1
Equity of Canada	2,700.7	3,000.9	300.2
Total liabilities and equity of Canada	6,300.8	7,012.1	711.3

Note: Change in results is a reflection of Estimated Results minus Planned Results.

The $711.3 million increase in assets, when compared to the previous fiscal year, is primarily attributable to:

• Total acquisition of tangible capital assets of $647.6 million mainly related to real property projects and initiatives, such as Parliamentary Precinct restoration and rehabilitation, Engineering assets, and improvements related to major lease purchase projects;
• Acquisition of capital leases and Public Private Partnership projects of $597.9 million mainly related to the completion of the British Columbia RCMP E Division facility ($263 million) and the National Capital Area 455 Blvd de la Carrière building ($297 million); and
• An offset of $520.9 million due to the yearly amortization of tangible capital assets.

Liabilities are estimated to increase by $411.1 million in 2013 when compared to the previous fiscal year, mainly attributable to:

• Lease obligations for tangible capital leases related to the above-mentioned RCMP E Division Public Private Partnership of $263 million and the 455 Blvd de la Carrière building of $297 million; and
• An offset of $164.1 million due to planned payments on lease obligations.

Net Cost of Operations vs Net Planned Spending

Reporting of financial authorities, which is primarily based on cash flow requirements, does not reflect reporting of the future-oriented Net Cost of Operations, which is on an accrual basis. The difference in the types of reporting may be summarized and explained as follows:

1. Acquisition of Capital Assets of $647.6 million: Acquisitions of capital assets are funded through parliamentary authorities. However, only the value of their annual amortization expense will be captured in the Net Cost of Operations. Their full value is presented in the Consolidated Statement of Financial Position.
2. Management Estimates & Obligations of $392.1 million are mainly related to:
   • An amount of $520.9 million for the amortization expense of tangible capital assets which does not require the use of funds; and
   • Partially offset by an amount of $164.1 million of payments on capital leases which requires the use of funds and reduces financial liabilities.

List of Supplementary Information Tables

All electronic supplementary information tables found in the 2012-13 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat's web site:

• Details on Transfer Payment Programs (TPPs)
• Greening Government Operations (GGO)
• Horizontal Initiatives
• Sources of Respendable and Non-Respendable Revenue
• Status Report on Transformational and Major Crown Projects
• Summary of Capital Spending by Program Activity
• Upcoming Internal Audits and Evaluations over the next three fiscal years
• User Fees

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Section IV - Other Items of Interest

Organizational Contact Information

General Inquiries

For more information on programs and services of Public Works and Government Services Canada, please communicate with:

Public Works and Government Services Canada
11 Laurier Street, PDP III
Gatineau, Quebec
K1A 0S5
Canada

ATTN: General Enquiry Website: www.tpsgc-pwgsc.gc.ca/comm/index-eng.html

E-mail - General Inquiries: questions@tpsgc-pwgsc.gc.ca

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