Financial statements, March 31, 2015

7.12. Notes to financial statements: Related party transactions

The Canadian Grain Commission is related in terms of common ownership to all Government of Canada departments, agencies and Crown corporations. The Canadian Grain Commission enters into transactions with these entities at arm's length in the normal course of business and on normal trade terms.

Services provided by other government departments

During the year, the Canadian Grain Commission paid occupancy costs and certain professional services to other government departments or agencies. Employer's health insurance plan contributions and employee benefit plans were also provided by and paid to other government departments. Significant services have been recognized in the Canadian Grain Commission statement of operations and net assets (liabilities) as follows.

Services provided by other government departments (in thousands of dollars), 2015 and 2014
  2015 $ 2014 $
Employer's contribution to employee benefit plans 7,475 11,654
Occupancy costs 5,094 4,758
Professional and special services:
Audit and accounting services 25 137
Consulting services 99 164
Legal services 367 402
Translation services 252 287
Other 116 148
Total 13,428 17,550

 

Included in accounts receivable, accounts payable, and salaries payable at year end are the following amounts with related parties (in thousands of dollars), 2015 and 2014
  2015 $ 2014 $
Accounts receivable 292 1,251
Accounts payable 519 601
Employer’s contribution to employee benefit plans payable 680 1,083