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Future-Oriented Financial Statements of Library and Archives Canada for the years ending March 31st, 2012 and March 31st, 2013

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Future-oriented Statement of Financial Position

As at March 31
(in thousands of dollars)

  Estimated
Results
2012
Planned
Results
2013
Assets
 
Financial Assets
Due from Consolidated Revenue Fund $  7,863 $  7,715
Accounts receivable and advances (note 6) 400 340
Total Financial Assets 8,263 8,055
 
Non-Financial Assets
Tangible capital assets (note 7) 39,789 57,642
Collections (note 8) 1 1
Total Non-Financial Assets 39,790 57,643
  $  48,053 $  65,698
 
Liabilities and Equity of Canada
Liabilities
Accounts payable and accrued liabilities (note 9) $  6,985 $  6,885
Vacation pay and compensatory leave 3,545 3,420
Deferred revenue (note 10) 956 908
Employee severance benefits (note 11) 10,779 7,579
  22,265 18,792
 
Equity of Canada 25,788 46,906
  $  48,053 $  65,698

Information for the year ended March 31, 2012 includes actual amounts from April 1, 2011 to February 29, 2012.

The accompanying notes form an integral part of these future-oriented financial statements


Future-oriented Statement of Operations

For the Year Ending March 31
(in thousands of dollars)

  Estimated
Results
2012
Planned
Results
2013
Expenses
Regulatory Instruments and Recordkeeping Tools $  3,108 $  3,547
Collaboration in Managing Government Records 22,240 20,631
Documentation of the Canadian Experience 15,271 19,451
Preservation of Continuing Memory 37,578 38,946
Exploration of the Documentary Resources 41,941 40,920
Internal Services 35,810 32,478
Total expenses 155,948 155,973
 
Revenues
Facilitate discovery of documentary resources 329 334
Internal Services 149 119
Total revenues 478 453
 
Net cost from continuing operations 155,470 155,520
 
Transferred Operations
Expenses 2,937 -
Net cost of transferred operations 2,937 -
Net cost of operations $  158,407 $  155,520

Information for the year ended March 31, 2012 includes actual amounts from April 1, 2011 to February 29, 2012.

Segmented information (note 13)

The accompanying notes form an integral part of these future-oriented financial statements


Future-oriented Statement of Equity of Canada

For the Year Ending March 31
(in thousands of dollars)

  Estimated
Results
2012
Planned
Results
2013
Equity of Canada, beginning of year $  21,282 $  25,788
Net cost of operations (158,407) (155,520)
Net cash provided by Government 112,663 124,832
Change in due to/from the Consolidated Revenue Fund (424) (148)
Services provided without charge by other government departments (note 12) 51,714 51,954
Transfer of assets and liabilities to other government department (note 14) (1,040) -
Equity of Canada, end of year $  25,788 $  46,906

Information for the year ended March 31, 2012 includes actual amounts from April 1, 2011 to February 29, 2012.

The accompanying notes form an integral part of these future-oriented financial statements


Future-oriented Statement of Cash Flow

For the Year Ending March 31
(in thousands of dollars)

  Estimated
Results
2012
Planned
Results
2013
Operating activities    
Net cost of operations $  158,407 $  155,520
 
Non-cash items:
Amortization of tangible capital assets (3,784) (4,125)
Gain (Loss) on disposal of tangible capital assets (123) -
Services provided without charge other government departments (note 12) (51,714) (51,954)
 
Variations in Future-oriented Statement of Financial Position:
Increase (decrease) in accounts receivable and advances 3 (60)
Decrease (increase) in liabilities 6,599 3,473
Transfer of liabilities to other government departments (note 14) (603) -
Cash used in operating activities 108,785 102,854
 
Capital investing activities:    
Acquisitions of tangible capital assets 3,878 21,978
Cash used in capital investing activities 3,878 21,978
 
Net cash provided by Government of Canada $  112,663 $  124,832

Information for the year ended March 31, 2012 includes actual amounts from April 1, 2011 to February 29, 2012.

The accompanying notes form an integral part of these future-oriented financial statements

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