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ARCHIVED - Agriculture and Agri-Food Canada - Report


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Section III: Supplementary Information

Financial Highlights

The financial highlights presented within this Departmental Performance Report are intended to serve as a general overview of AAFC's financial position and operations. More detailed information is provided in the Department's financial statements which are prepared using an accrual basis of accounting.



Condensed Statement of Financial Position
As at March 31, 2011 ($ millions)
  % Change 2010-11 2009-10*
*Balances for 2009-10 have been restated from those presented in the 2009-10 Departmenal Performance Report (DPR) to conform with the revised Treasury Board accounting standard for departmental financial statements. See the Department’s financial statement Note 16 for more detail.
Total Assets -16.5% 2,493.7 2,987.8
Total Liabilities -17.1% 2,025.8 2,443.3
Equity of Canada -14.1% 467.9 544.5
Total -16.5% 2,493.7 2,987.8


Condensed Statement of Operations
For the year ended March 31, 2011 ($ millions)
  % Change 2010-11 2009-10
Total Expenses 19.1% 2,886.1 2,424.0
Total Revenues -25.2% 105.6 141.3
Net Cost of Operations 21.8% 2,780.5 2,282.8

Assets

Assets held by the Department for use in its activities consist primarily of Tangible Capital Assets, which primarily support the research activities of the Department that contributed to the strengthening of innovation capacity within the sector in 2010-11.

Breakdown of assets by type

[text version]

Total assets at the end of 2010-11 were $2,493.7 million, a decrease of $494.1 million over previous year’s total assets of $2,987.8 million. This is due to a decrease in Due From Consolidated Revenue Fund account of $547.3 million, partially offset by increases in Loans Receivable, Tangible Capital Assets and Accounts Receivable and Advances. Amounts due from the Consolidated Revenue Fund represent a charge against departmental authorities and are available for use to the Department in future periods without further authorities.

Liabilities

Liabilities arising from departmental activities consist primarily of accounts payable and accrued liabilties, the majority of which are related to accruals in support of programs such as AgriStability and AgriInvest that were delivered in 2010-11.

Breakdown of liabilities by type

[text version]

Total liabilities at the end of 2010-11 were $2,025.8 million, a decrease of $417.5 million over previous year's total liabilities of $2,443.3 million. This is due to decreases in Other Liabilities of $307 million and Accounts Payable and Accrued Liabilities of $119.2 million, partially offset by increases in Vacation Pay and Compensation Leave and Employee Future Benefits.

Expenses and Revenues

Expenses incurred and revenues earned, which supported AAFC’s programs and services that benefited Canadians during 2010-11, are detailed in the following charts.

Breakdown of expenses by Program Activity

[text version]

Total expenses were $2,886.1 million in 2010-11, an increase of $462.1 million over previous year's total expenses of $2,424 million. This is attributable primarily to increases in expenses associated with Business Risk Management of $312.2 million, Agri-Business Development of $58 million, Science, Innovation and Adoption of $56 million, and Internal Services of $31.6 million.

Breakdown of revenues by Program Activity

[text version]

Total revenues were $105.6 million in 2010-11 compared to $141.3 million in 2009-10, a decrease of $35.7 million. This is mainly attributable to a decrease in revenue from Crop Re-insurance premiums.

List of Supplementary Information Tables

All electronic supplementary information tables found in the 2010–11 Departmental Performance Report can be found on the Treasury Board of Canada Secretariat’s website.

  • Details on Transfer Payment Programs
  • Green Procurement
  • Horizontal Initiatives
  • Internal Audits and Evaluations
  • Response to Parliamentary Committees and External Audits
  • Status Report on Projects operating with Specific Treasury Board Approval
  • Sources of Respendable and Non-Respendable Revenue
  • Status Report on Transformational and Major Crown Projects
  • Up-Front Multi-Year Funding
  • User Fees Reporting

Section IV: Other Items of Interest

Organizational Contact Information

Public Information Requests Services
Agriculture and Agri-Food Canada
1341 Baseline Road
Ottawa, Ontario K1A 0C5

Telephone: 613-773-1000
Fax: 613-773-2772
TDD/TTY: 613-773-2600
Email: info@agr.gc.ca

Additional contact information can be found online.