Financial statements, March 31, 2015

4. Statement of operations and net assets (liabilities)

Statement of operations and net assets (liabilities) (in thousands of dollars)
  2015
Quality assurance budget $ Quality assurance actual $ Quantity assurance budget $ Quantity assurance actual $
Revenue
Service fees 48,575 67,499 3,802 6,071
Special appropriations (note 8) - - - -
Parliamentary appropriations (note 8) - - - -
Employee termination benefit appropriations (note 8) - 756 - 303
Contract revenue - 1,046 - -
License fees and producer cars - - - -
Total revenue 48,575 69,301 3,802 6,374
Expenses
Salaries and employee benefits 22,792 20,199 1,334 1,712
Occupancy costs 2,673 2,562 246 41
Travel 1,144 1,357 112 114
Repairs and supplies 618 672 6 21
Amortization of capital assets 918 732 - -
Professional and special services 145 121 10 1
Communications 22 20 - -
Other expenses 1,160 285 - 1
Total expenses 29,472 25,948 1,708 1,890
Net results 19,103 43,353 2,094 4,484

Statement of operations and net assets (liabilities) (in thousands of dollars), continued
  2015
Grain quality research budget $ Grain quality research actual $ Producer protection budget $ Producer protection actual $
Revenue
Service fees - 4 11 237
Special appropriations (note 8) - 815 - -
Parliamentary appropriations (note 8) 5,247 5,230 - -
Employee termination benefit appropriations (note 8) - 72 - 23
Contract revenue 356 545 - -
License fees and producer cars - - 1,908 1,969
Total revenue 5,603 6,666 1,919 2,229
Expenses
Salaries and employee benefits 4,180 4,315 1,940 2,877
Occupancy costs 1,649 1,704 137 164
Travel 318 183 94 135
Repairs and supplies 1,185 1,385 8 56
Amortization of capital assets 1,037 877 - 47
Professional and special services 58 51 5 18
Communications 3 6 12 65
Other - 39 10 256
Total expenses 8,430 8,560 2,206 3,618
Net results (2,827) (1,894) (287) (1,389)

Statement of operations and net assets (liabilities) (in thousands of dollars), continued
  2015 2014
Internal services budget $ Internal services actual $ Total budget $ Total actual $ Total actual $
Revenue
Service fees 20 47 52,408 73,858 51,177
Special appropriations (note 8) - - - 815 16,927
Parliamentary appropriations (note 8) 245 245 5,492 5,475 5,447
Employee termination benefit appropriations (note 8) 2,945 47 2,945 1,201 12,568
Contract revenue - 16 356 1,607 1,103
License fees and producer cars - - 1,908 1,969 886
Total revenue 3,210 355 63,109 84,925 88,108
Expenses
Salaries and employee benefits 10,511 9,511 40,757 38,614 40,967
Occupancy costs 965 874 5,670 5,345 4,969
Travel 792 592 2,460 2,381 2,227
Repairs and supplies 838 819 2,655 2,953 2,521
Amortization of capital assets 1,294 947 3,249 2,603 2,603
Professional and special services 2,089 1,321 2,307 1,512 1,779
Communications 806 783 843 874 1,167
Other expenses 132 180 1,302 761 357
Total expenses 17,427 15,027 59,243 55,043 55,590
Net results (14,217) (14,672) 3,866 29,882 31,518
Net assets (liabilities), beginning of year       5,645 (19,333)
Transfer of the transition payments for implementing  salary payments in arrears (note 13)       (1,093) -
Net financial resources used and change in the accumulated net charge against the Fund’s authority, during the year       (27,674) (6,540)
Net assets (liabilities), end of year       6,760 5,645

The accompanying notes are an integral part of the financial statements.