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3.1 Financial Highlights

The financial highlights presented within this DPR are intended to serve as a general overview of Transport Canadas financial position and operations. The Departments financial statements can be found on Transport Canadas website at:

(in thousands of dollars)
Condensed Statement of Financial Position
At End of Year (March 31, 2009)
% Change 2009 2008
Total Assets -5.3% 3,007,535 3,176,364
Total Liabilities -1.3% 1,941,940 1,966,577
Total Equity -11.9% 1,065,595 1,209,787

(in thousands of dollars)
Condensed Statement of Operations
At End of Year (March 31, 2009)
% Change 2009 2008
Total Expenses 19.8% 1,622,621 1,354,903
Total Revenues -9.1% 406,311 446,860
Net Cost of Operations 33.9% 1,216,310 908,043

Text version - Assets by Type

Assets by Type

Total assets were $3,008 million at the end of 2008-09, a decrease $169 million (5.3%) over the previous years total assets of $3,176 million. Tangible capital assets represented the largest portion of total assets at $2,805 million or 93.3% of total assets.

Text version - Liabilities by Type

Liabilities by Type

Total liabilities were $1,942 million, a decrease of approximately $25 million (1.25%) over the previous years total liabilities of $1,967 million. Accounts payable represents the largest portion of liabilities at $953 million or 49% of total liabilities.

Text version - Revenues

Revenues - Where Funds Come From

The Departments total revenues amounted to $406 million for 2008-09. There was a decrease of $41 million (9.2%) from the previous years revenue. Most of Transport Canadas revenue was derived from Transportation Policy development and infrastructure programs.

Text version - Expenses

Expenses - Where Funds Go

Total expenses for Transport Canada were $1,623 million in 2008-09. The majority of funds, $777 million or 47.9%, were spent in Transportation safety and security; while Transportation Policy development and infrastructure programs represented $620 million or 38.2% of total expenses.

3.2 List of Tables

The following tables were submitted electronically. The electronic tables can be found on the Treasury Board Secretariats website at:

Details on Transfer Payment Programs

Sources of Respendable and Non-Respendable Revenue

User Fees/External Fees

Horizontal Initiatives

Sustainable Development Strategy

Green Procurement

Response to Parliamentary Committees and External Audits

Internal Audits and Evaluations

3.3 Other Items of Interest


Advisory Panels Review of the Canadian Air Transport Authority Act

Airport Capital Assistance Program

All Aboard: Rail Safety Strategic Plan (2005-2010)

Asia Pacific Gateway Corridor Initiative

Automakers Agreement to Reduce GHG Emissions


Cabinet Directive on Streamlining Regulation


Ecotransport Strategy


Flight Rights Canada




Ontario-Quebec Continental Gateway

Organizational structure




Transportation in Canada - Overview report (2008)

Transport, Infrastructure and Communities portfolio

1. For program activity descriptions, please access the Main Estimates online

2. The accident rates and the number of fatalities for 2008 are preliminary.

3. Statutory payments of less than $1 million were not included on this chart.

4. Due to rounding, columns may not add to the totals shown.