Section 5 - Accounts Payable and Accrued Liabilities

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Accounts Payable and Accrued Liabilities

This section contains information on accounts reported on the Consolidated Statement of Financial Position under "Accounts Payable and Accrued Liabilities". The establishment and operation of these accounts are authorized by Parliament in annual appropriation acts and other legislation. In many cases, these accounts represent accounts payable, accruals and allowances set up at year end under the authority granted to the President of the Treasury Board under the Financial Administration Act.

Table 5.1 presents the year‑end balances of accounts payable and accrued liabilities by category. Chart 5A presents accounts payable and accrued liabilities by category at March 31.

Most tables in this section present the continuity of accounts, by showing the opening and closing balances. A narrative description is provided for accounts reported in some tables. Such descriptions follow the same presentation order as their respective tables.

Table Summary

The table presents, to the nearest dollar, a two-year comparative of the balances of accounts payable and accrued liabilities by category. It consists of three columns; a detailed listing of components; current year ended march 31st; previous year ended March 31.

Table 5.1
Accounts Payable and Accrued Liabilities

  March 31, 2015 March 31, 2014
Other accounts payable and accrued liabilities, Table 5.2 40,420,315,646 38,095,993,329
Deferred revenues, Table 5.5 9,160,139,012 3,920,481,680
Amounts payable to taxpayers, Table 5.6 56,198,271,060 52,599,528,565
Environmental liabilities, Table 5.7 12,296,144,709 11,143,067,618
Interest and matured debt, Table 5.9 5,239,435,185 5,584,843,922
Allowance for guarantees 317,111,364 385,985,906
Total 123,631,416,976 111,729,901,020

Chart 5A
Accounts Payable and Accrued Liabilities by category at March 31, 2015

Accounts payable and accrued liabilities by category at March 31, 2015. Refer to the text description following the image.

Text description of image The chart "Accounts Payable and Accrued Liabilities" presents the Accounts Payable and Accrued Liabilities by category and their relative percentage to the total. It is composed of Amounts payable to taxpayers 45.5%, Environmental liabilities 9.9%, Interest and matured debt 4.2% Allowances for guarantees 0.3%, Other accounts payable and accrued liabilities 32.7% and Deferred revenues 7.4%.

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