Ten-year comparative financial information

Public Accounts of Canada 2016 Volume I—Top of the page Navigation

The following tables provide a ten-year comparison of financial information based on the accounting policies explained in Note 1 to the audited consolidated financial statements in Section 2 of this volume.

Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of operations and accumulated deficit. It consists of two columns: a detailed listing of components; Year ended March 31—divided into ten columns presenting, in chronological order, the previous nine years and the current year. The first series of rows presents the revenues. It is divided in sub-sections with related subtotals. The final row of the series presents the total of revenues. The second series of rows presents the expenses. It is divided in sub-sections with related subtotals. The final row of the series presents the total of expenses. The following row presents the annual (surplus) or deficit—result obtained by subtracting the expenses from the revenues. The last series of rows presents the accumulated deficit and its related components.

Table 1.1
Government of Canada
Consolidated statement of operations and accumulated deficit—detailed

(in millions of dollars)

  Year ended March 31
2007 2008 2009 2010 2011 2012Link to footnote 2 2013Link to footnote 1 2014 2015 2016
Revenues
Tax revenues
Income tax revenues
Personal 110,575 113,528 116,612 105,040 114,661 120,537 125,728 130,811 135,743 144,897
Corporate 39,361 42,212 31,243 32,247 31,953 33,641 34,986 36,587 39,447 41,444
Non-resident 4,877 5,693 6,298 5,293 5,137 5,300 5,073 6,404 6,216 6,505
Total 154,813 161,433 154,153 142,580 151,751 159,478 165,787 173,802 181,406 192,846
Other taxes and duties
Goods and services tax 31,296 29,920 25,740 26,947 28,379 28,370 28,821 30,998 31,349 32,952
Energy taxes 5,128 5,139 5,161 5,178 5,342 5,328 5,381 5,486 5,528 5,565
Customs import duties 3,704 3,903 4,036 3,490 3,520 3,862 3,979 4,239 4,581 5,372
Other excise taxes and duties 5,189 5,245 4,869 4,958 5,662 5,546 5,370 5,413 5,724 5,916
Total 45,317 44,207 39,806 40,573 42,903 43,106 43,551 46,136 47,182 49,805
Total tax revenues 200,130 205,640 193,959 183,153 194,654 202,584 209,338 219,938 228,588 242,651
Employment insurance premiums 16,789 16,558 16,887 16,761 17,501 18,556 20,395 21,766 22,564 23,070
Other revenues
Crown corporations 7,503 6,504 7,760 7,622 12,937 12,024 11,448 11,455 13,480 12,460
Other programs 12,261 14,951 16,944 12,920 13,939 14,274 13,952 16,836 16,359 14,950
Net foreign exchange 1,714 1,872 1,736 1,647 1,809 1,669 1,502 1,682 1,355 2,322
Total other revenues 21,478 23,327 26,440 22,189 28,685 27,967 26,902 29,973 31,194 29,732
Total revenues 238,397 245,525 237,286 222,103 240,840 249,107 256,635 271,677 282,346 295,453
Expenses
Transfer payments
Old age security benefits, guaranteed income supplement and spouse's allowance 30,284 31,955 33,377 34,653 35,629 38,045 40,255 41,786 44,103 45,461
Major transfer payments to other levels of government
Canada health transfer 20,140 21,474 22,759 24,820 26,031 27,174 28,912 30,543 32,114 34,025
Canada social transfer 8,500 9,872 10,568 10,858 11,179 11,514 11,860 12,215 12,582 12,959
Fiscal arrangements 9,856 11,850 12,164 13,490 13,826 15,259 15,595 15,610 16,271 16,893
Other major transfers 3,985 2,923 985 7,772 1,751 2,847 2,003 2,107 2,142 1,973
Subtotal 42,481 46,119 46,476 56,940 52,787 56,794 58,370 60,475 63,109 65,850
Employment insurance benefits 14,084 14,298 16,308 21,586 19,850 17,647 17,099 17,300 18,052 19,419
Children's benefits 11,214 11,894 11,901 12,340 12,656 12,726 12,975 13,136 14,303 18,025
Other transfer payments 30,693 31,269 34,793 45,949 43,155 37,720 34,862 36,698 35,126 34,874
Total transfer payments 128,756 135,535 142,855 171,468 164,077 162,932 163,561 169,395 174,693 183,629
Other program expenses
Crown corporations 5,109 5,185 5,859 7,400 7,584 8,198 9,512 7,484 7,590 8,358
Ministries 56,835 61,883 63,337 69,419 71,680 73,176 73,106 71,728 71,558 78,858
Total other program expenses 61,944 67,068 69,196 76,819 79,264 81,374 82,618 79,212 79,148 87,216
Total program expenses 190,700 202,603 212,051 248,287 243,341 244,306 246,179 248,607 253,841 270,845
Public debt charges 33,945 33,325 30,990 29,414 30,871 31,080 28,871 28,220 26,594 25,595
Total expenses 224,645 235,928 243,041 277,701 274,212 275,386 275,050 276,827 280,435 296,440
Annual surplus (deficit) 13,752 9,597 (negative 5,755) (negative 55,598) (negative 33,372) (negative 26,279) (negative 18,415) (negative 5,150) 1,911 (negative 987)
Accumulated deficit at beginning of year 481,499 467,268 457,637 463,710 519,097 551,668 591,040 609,391 611,881 612,330
International Financial Reporting Standards (IFRS) transition adjustment (negative 3,337)
Other comprehensive income (loss) 479 34 (negative 318) 211 2,142 (negative 2,292) 64 2,660 (negative 2,360) (negative 2,669)
Accumulated deficit at end of year 467,268 457,637 463,710 519,097 550,327 583,576 609,391 611,881 612,330 615,986
Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of financial position. It consists of two columns: a detailed listing of components; As at March 31—divided into ten columns presenting, in chronological order, the previous nine years and the current year. The first series of rows presents the liabilities. It is divided in sub-sections with related subtotals. The final row of the series presents the total of liabilities. The second series of rows presents the financial assets. It is divided in sub-sections with related subtotals. The final row of the series presents the total of financial assets. The following row presents the net debt—result obtained by subtracting the total financial assets from the total liabilities. The third series of rows presents the non-financial assets, followed by the total for this series. The final row of this table presents the accumulated deficit—result obtained by subtracting the total non-financial assets from the net debt.

Table 1.2
Government of Canada
Consolidated statement of financial position—detailed

(in millions of dollars)

  As at March 31Link to footnote 3
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Liabilities
Accounts payable and accrued liabilities
Amounts payable to taxpayers 41,388 49,010 50,845 48,251 48,648 50,952 54,877 52,600 56,198 53,697
Other accounts payable and accrued liabilities 49,951 46,000 44,159 53,706 51,422 55,417 43,991 38,482 40,737 45,971
Environmental liabilities 6,062 6,669 6,342 6,602 7,745 8,362 10,600 11,143 12,296 13,282
Deferred revenue 1,594 1,602 5,734 5,113 4,512 3,893 3,321 3,920 9,160 9,981
Interest and matured debt 7,516 7,182 6,919 6,853 6,733 6,379 5,955 5,585 5,240 4,922
Total accounts payable and accrued liabilities 106,511 110,463 113,999 120,525 119,060 125,003 118,744 111,730 123,631 127,853
Interest-bearing debt
Unmatured debt
Payable in Canadian currency
Marketable bonds 257,482 253,550 295,186 367,962 416,080 448,140 469,039 473,319 487,881 504,068
Treasury bills 134,074 116,936 192,275 175,849 162,980 163,221 180,689 152,990 135,692 138,100
Retail debt 15,175 13,068 12,532 11,855 10,141 8,922 7,481 6,327 5,660 5,076
Bonds for Canada Pension Plan 1,743 1,042 523 452 27 11
Subtotal 408,474 384,596 500,516 556,118 589,228 620,294 657,209 632,636 629,233 647,244
Payable in foreign currencies 10,372 9,498 10,381 8,243 7,628 10,715 10,802 16,030 20,267 22,482
Cross-currency swap revaluation (negative 1,091) (negative 1,420) 3,690 (negative 4,233) (negative 5,091) (negative 4,448) (negative 3,419) 2,326 6,669 8,391
Unamortized discounts and premiums on market debt (negative 6,659) (negative 6,213) (negative 4,751) (negative 5,092) (negative 4,485) (negative 4,295) 3,231 3,184 4,296 5,047
Obligation related to capital leases 3,096 4,236 4,184 4,090 3,685 3,633 3,647 3,603 3,710 3,477
Other unmatured debt 190 453 917 1,179 1,005 1,570
Total unmatured debt 414,192 390,697 514,020 559,126 591,155 626,352 672,387 658,958 665,180 688,211
Pensions and other future benefits
Public sector pensions 134,726 137,371 139,909 142,843 146,135 148,911 151,667 153,162 152,664 152,227
Other employee and veteran future benefits 45,123 47,901 50,311 54,227 58,206 61,915 67,301 71,959 76,140 85,681
Total pensions and other future benefits 179,849 185,272 190,220 197,070 204,341 210,826 218,968 225,121 228,804 237,908
Due to Canada Pension Plan 54 106 90 175 23 138 68 140 212 35
Other liabilities 5,157 5,789 5,833 6,412 6,292 6,795 5,978 5,774 5,790 5,567
Total interest-bearing debt 599,252 581,864 710,163 762,783 801,811 844,111 897,401 889,993 899,986 931,721
Total liabilities 705,763 692,327 824,162 883,308 920,871 969,114 1,016,145 1,001,723 1,023,617 1,059,574
Financial assets
Cash and accounts receivable
Cash and cash equivalents 22,696 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570
Taxes receivable 66,492 65,902 71,911 69,063 78,626 86,006 92,115 92,489 98,499 105,848
Other accounts receivable 3,398 3,247 3,251 3,692 3,958 4,513 4,698 4,656 3,198 10,270
Total cash and accounts receivable 92,586 82,878 122,147 101,205 96,907 107,662 124,154 128,574 136,696 154,688
Foreign exchange accounts
International reserves held in the Exchange Fund Account 44,673 42,904 51,194 53,701 54,041 62,141 63,381 77,365 91,961 101,379
International Monetary Fund—Subscriptions 11,106 10,752 12,011 9,823 9,792 9,842 9,694 10,883 11,129 20,170
International Monetary Fund—Loans 337 1,139 1,325 1,457 1,665 1,353 1,278
Less: International Monetary Fund—Notes payable and special drawing rights allocations 11,601 11,357 11,496 16,911 16,465 16,311 15,773 17,651 19,425 29,288
Total foreign exchange accounts 44,178 42,299 51,709 46,950 48,507 56,997 58,759 72,262 85,018 93,539
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises 23,683 30,167 104,049 129,523 135,673 130,662 131,785 94,815 89,375 91,116
Other loans, investments and advances 21,411 20,702 21,044 23,158 22,876 22,258 23,134 22,820 24,306 24,841
Total loans, investments and advances 45,094 50,869 125,093 152,681 158,549 152,920 154,919 117,635 113,681 115,957
Public sector pension assets 938 1,263 1,639
Total financial assets 181,858 176,046 298,949 300,836 303,963 317,579 337,832 319,409 336,658 365,823
Net Debt 523,905 516,281 525,213 582,472 616,908 651,535 678,313 682,314 686,959 693,751
Non-financial assets
Tangible capital assets 49,036 51,175 53,326 55,054 57,668 59,047 60,241 61,942 63,347 65,838
Inventories 5,988 6,248 6,348 6,192 6,830 6,996 7,453 7,316 7,250 7,221
Prepaid expenses and other 1,613 1,221 1,829 2,129 2,083 1,916 1,228 1,175 4,032 4,706
Total non-financial assets 56,637 58,644 61,503 63,375 66,581 67,959 68,922 70,433 74,629 77,765
Accumulated deficit 467,268 457,637 463,710 519,097 550,327 583,576 609,391 611,881 612,330 615,986
Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of change in net debt. It consists of two columns: a detailed listing of components; Year ended March 31—divided into ten columns representing, in chronological order, the previous nine years and the current year. The first row presents the net debt at beginning of year, as previously reported, followed by a first series of rows presenting components related to accounting changes and restatement making up the net debt at beginning of year, as restated. The following rows present the transition adjustment related to International Financial Reporting Standards, change in net debt during the year, and the annual (surplus) or deficit. The second series of rows presents components related to change due to tangible capital assets, change due to inventories and change due to prepaid expenses. The following rows present the net (decrease) or increase in net debt due to operations—result obtained by adding the annual (surplus) or deficit and the various changes; other comprehensive (income) or loss; and the net (decrease) or increase in net debt. The final row of this table presents the net debt at end of year.

Table 1.3
Government of Canada
Consolidated statement of change in net debt—detailed

(in millions of dollars)

  Year ended March 31
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Net debt at beginning of year—as previously reported 536,946 523,905 516,281 525,213 582,472 616,908 650,135 671,363 682,314 686,959
Accounting changes and restatement
Accumulated sick leave entitlements 1,341 1,400
Unamortized premiums and discounts on the buy-back of bonds 5,669 5,387
Loans expected to be repaid from future appropriations 1,795 1,563
Net debt at beginning of year—as restated 536,946 523,905 516,281 525,213 582,472 618,249 658,999 678,313 682,314 686,959
International Financial Reporting Standards (IFRS) transition adjustment 3,337
Change in net debt during the year
Annual (surplus) deficit (negative 13,752) (negative 9,597) 5,755 55,598 33,372 26,279 18,415 5,150 (negative 1,911) 987
Change due to tangible capital assets
Acquisition of tangible capital assets 4,789 5,957 6,249 7,136 8,061 6,976 7,175 7,129 7,204 8,015
Amortization of tangible capital assets (negative 3,807) (negative 3,954) (negative 4,176) (negative 4,418) (negative 4,756) (negative 4,859) (negative 5,184) (negative 4,865) (negative 5,090) (negative 5,049)
Proceeds from disposal of tangible capital assets (negative 202) (negative 440) (negative 608) (negative 297) (negative 447) (negative 664) (negative 407) (negative 875) (negative 954) (negative 632)
Net (loss) or gain on disposal of tangible capital assets, including adjustments (negative 99) 576 686 (negative 693) (negative 244) (negative 74) (negative 390) 312 245 157
Total change due to tangible capital assets 681 2,139 2,151 1,728 2,614 1,379 1,194 1,701 1,405 2,491
Change due to inventories 113 260 100 (negative 156) 638 166 457 (negative 137) (negative 66) (negative 29)
Change due to prepaid expenses 396 (negative 392) 608 300 (negative 46) (negative 167) (negative 688) (negative 53) 2,857 674
Net (decrease) increase in net debt due to operations (negative 12,562) (negative 7,590) 8,614 57,470 36,578 27,657 19,378 6,661 2,285 4,123
Other comprehensive (income) loss (negative 479) (negative 34) 318 (negative 211) (negative 2,142) 2,292 (negative 64) (negative 2,660) 2,360 2,669
Net (decrease) increase in net debt (negative 13,041) (negative 7,624) 8,932 57,259 34,436 29,949 19,314 4,001 4,645 6,792
Net debt at end of year 523,905 516,281 525,213 582,472 616,908 651,535 678,313 682,314 686,959 693,751
Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of cash flow. It consists of two columns: a detailed listing of components; Year ended March 31—divided into ten columns representing, in chronological order, the previous nine years and the current year. The first series of rows presents the cash provided or (used) by operating activities. The second series of rows presents the cash used by capital investment activities. The third series of rows presents the cash provided or (used) by investing activities. The following row presents the total cash generated or (used) before financing activities—result obtained by adding the cash provided and used by operating, capital investment and investing activities. The fourth series of rows presents the cash (used) or provided by financing activities. The following rows present the net increase or (decrease) in cash—result obtained by adding the cash generated or (used) before and after financing activities, and the cash and cash equivalents at beginning of year. The final row presents the cash and cash equivalents at end of year—result obtained by adding the cash and cash equivalents at beginning of year, and the net increase or (decrease) in cash.

Table 1.4
Government of Canada
Consolidated statement of cash flow—detailed

(in millions of dollars)

  Year ended March 31
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Operating activities
Annual surplus (deficit) 13,752 9,597 (negative 5,755) (negative 55,598) (negative 33,372) (negative 26,279) (negative 18,415) (negative 5,150) 1,911 (negative 987)
Non-cash items
Share of annual profit in enterprise Crown corporations and other government business enterprises (negative 5,336) (negative 4,256) (negative 4,773) (negative 2,306) (negative 6,992) (negative 5,350) (negative 4,995) (negative 5,945) (negative 8,365) (negative 7,316)
Amortization of tangible capital assets 3,807 3,954 4,176 4,418 4,756 4,859 5,184 4,865 5,090 5,049
Net loss (gain) on disposal of tangible capital assets, including adjustments 99 (negative 576) (negative 686) 693 244 74 390 (negative 312) (negative 245) (negative 157)
Cross-currency swap revaluation 1,668 (negative 329) 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722
Change in taxes receivable (negative 7,379) 590 (negative 6,009) 2,848 (negative 9,563) (negative 7,380) (negative 6,109) (negative 374) (negative 6,010) (negative 7,349)
Change in pensions and other future benefits 5,418 5,423 4,948 6,850 7,271 5,144 8,142 5,215 3,358 8,728
Change in foreign exchange accounts (negative 3,351) 1,879 (negative 9,410) 4,759 (negative 1,557) (negative 8,490) (negative 1,762) (negative 13,503) (negative 12,756) (negative 8,521)
Change in accounts payable and accrued liabilities 5,079 3,952 3,536 6,526 (negative 1,465) 5,943 (negative 6,259) (negative 7,014) 11,901 4,222
Change in cash collateral pledged to counterparties (negative 6,557)
Net change in other accounts (negative 1,667) 1,797 2,752 2,281 (negative 129) 1,844 1,175 1,953 670 34
Cash provided (used) by operating activities 12,090 22,031 (negative 6,111) (negative 37,452) (negative 41,665) (negative 28,992) (negative 21,620) (negative 14,520) (negative 103) (negative 11,132)
Capital investment activities
Acquisition of tangible capital assets (negative 4,789) (negative 5,957) (negative 6,249) (negative 7,136) (negative 8,061) (negative 6,976) (negative 7,175) (negative 7,129) (negative 6,804) (negative 7,379)
Proceeds from disposal of tangible capital assets 202 440 608 297 447 664 407 875 954 632
Cash used by capital investment activities (negative 4,587) (negative 5,517) (negative 5,641) (negative 6,839) (negative 7,614) (negative 6,312) (negative 6,768) (negative 6,254) (negative 5,850) (negative 6,747)
Investing activities
Enterprise Crown corporations and other government business enterprises
Equity transactions 2,602 2,436 1,495 (negative 3,226) 2,818 2,684 1,445 5,165 3,514 4,975
Issuance of loans and advances (negative 3,713) (negative 5,052) (negative 132,057) (negative 119,755) (negative 76,579) (negative 63,389) (negative 65,183) (negative 70,328) (negative 79,905) (negative 54,542)
Repayment of loans and advances 3,894 435 60,688 99,921 76,677 65,286 66,156 110,259 88,168 52,699
Issuance of other loans, investments and advances (negative 16,969) (negative 6,571) (negative 6,910) (negative 21,174) (negative 5,858) (negative 7,679) (negative 5,533) (negative 5,525) (negative 8,124) (negative 7,749)
Repayment of other loans, investments and advances 16,475 6,883 5,041 16,620 5,814 6,858 4,221 4,418 5,503 6,145
Cash provided (used) by investing activities 2,289 (negative 1,869) (negative 71,743) (negative 27,614) 2,872 3,760 1,106 43,989 9,156 1,528
Total cash generated (used) before financing activities 9,792 14,645 (negative 83,495) (negative 71,905) (negative 46,407) (negative 31,544) (negative 27,282) 23,215 3,203 (negative 16,351)
Financing activities
Issuance of Canadian currency borrowings 369,354 343,755 531,668 554,892 553,464 567,707 579,456 512,009 468,021 452,850
Repayment of Canadian currency borrowings (negative 373,886) (negative 366,493) (negative 415,801) (negative 499,383) (negative 520,569) (negative 536,430) (negative 542,063) (negative 536,364) (negative 471,891) (negative 435,143)
Issuance of foreign currency borrowings 11,586 11,099 24,500 22,212 8,195 12,743 7,782 12,011 16,961 26,817
Repayment of foreign currency borrowings (negative 15,299) (negative 11,973) (negative 23,616) (negative 24,351) (negative 8,810) (negative 9,656) (negative 7,695) (negative 6,783) (negative 12,724) (negative 24,602)
Cash (used) provided by financing activities (negative 8,245) (negative 23,612) 116,751 53,370 32,280 34,364 37,480 (negative 19,127) 367 19,922
Net increase (decrease) in cash and cash equivalents 1,547 (negative 8,967) 33,256 (negative 18,535) (negative 14,127) 2,820 10,198 4,088 3,570 3,571
Cash and cash equivalents at beginning of year 21,149 22,696 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999
Cash and cash equivalents at end of year 22,696 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570
Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of non-budgetary transactions and of non-financial assets. It consists of two columns: a detailed listing of components; Year ended March 31—divided into ten columns representing, in chronological order, the previous nine years and the current year. The first series of rows presents the loans, investments and advances. It is divided in sub-sections with related subtotals. The final row for the series presents the total of loans, investments and advances. The second series of rows presents the pensions and other future benefits. The third series of rows presents the other liabilities. The fourth series of rows presents the non-financial assets. The fifth series of rows presents the other transactions. A final row for this table presents the total non-budgetary transactions and non-financial assets—result obtained by adding the totals of the five preceding sections.

Table 1.5
Government of Canada
Consolidated statement of non-budgetary transactions and of non-financial assets—detailed

(in millions of dollars)

  Year ended March 31
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Loans, investments and advances
Enterprise Crown corporations and other government business enterprises
Loans and advances
Canada Mortgage and Housing Corporation 148 258 (negative 57,470) (negative 10,399) 2,693 2,974 3,472 41,951 10,465 177
Business Development Bank of Canada (negative 1,000) (negative 6,284) (negative 4,961) (negative 978) 662 (negative 653) (negative 1,106) (negative 1,356) (negative 1,266)
Farm Credit Canada (negative 3,840) (negative 7,610) (negative 4,481) (negative 1,627) (negative 1,768) (negative 1,848) (negative 855) (negative 662) (negative 747)
Other 33 (negative 35) (negative 5) 7 10 29 2 (negative 59) (negative 185) (negative 7)
Subtotal 181 (negative 4,617) (negative 71,369) (negative 19,834) 98 1,897 973 39,931 8,262 (negative 1,843)
Investments
Share of annual profit (negative 5,336) (negative 4,256) (negative 4,773) (negative 2,306) (negative 6,992) (negative 5,350) (negative 4,995) (negative 5,945) (negative 8,365) (negative 7,316)
Other comprehensive (income) loss (negative 479) (negative 34) 318 (negative 211) (negative 2,142) 2,292 (negative 64) (negative 2,660) 2,360 2,669
Dividends 2,604 2,436 2,095 1,391 2,818 2,028 1,445 5,215 2,341 4,002
Capital (negative 3) (negative 600) (negative 4,617) 656 (negative 50) 1,030 973
Transition adjustment and other 3,337 143
Subtotal (negative 3,214) (negative 1,854) (negative 2,960) (negative 5,743) (negative 6,316) 2,963 (negative 3,614) (negative 3,440) (negative 2,491) 328
Total (negative 3,033) (negative 6,471) (negative 74,329) (negative 25,577) (negative 6,218) 4,860 (negative 2,641) 36,491 5,771 (negative 1,515)
Less:
Loans expected to be repaid from future appropriations 66 32 (negative 473) (negative 103) (negative 64) (negative 119) (negative 1,519) (negative 480) 353 221
Unamortized discounts and premiums (negative 19) 26 (negative 4) (negative 32) 1 (negative 22) 5
Total (negative 3,099) (negative 6,484) (negative 73,882) (negative 25,474) (negative 6,150) 5,011 (negative 1,122) 36,970 5,440 (negative 1,741)
Other loans, investments and advances
Portfolio investments 6 2 12 5 10 5
National governments, including developing countries 80 143 (negative 182) 235 69 40 18 (negative 7) (negative 606) 22
International organizations (negative 491) (negative 321) (negative 905) (negative 454) (negative 826) (negative 704) (negative 885) (negative 900) (negative 1,039) (negative 972)
Provincial and territorial governments 285 899 217 590 257 (negative 849) 803 849 765 693
Other loans, investments and advances (negative 367) (negative 410) (negative 1,005) (negative 4,926) 456 680 (negative 1,254) (negative 1,049) (negative 1,751) (negative 1,352)
Total (negative 493) 311 (negative 1,869) (negative 4,553) (negative 44) (negative 821) (negative 1,313) (negative 1,107) (negative 2,621) (negative 1,604)
Less: allowance for valuation (negative 387) (negative 398) (negative 1,527) (negative 2,440) (negative 326) (negative 1,439) (negative 436) (negative 1,421) (negative 1,135) (negative 1,069)
Total (negative 106) 709 (negative 342) (negative 2,113) 282 618 (negative 877) 314 (negative 1,486) (negative 535)
Total loans, investments and advances (negative 3,205) (negative 5,775) (negative 74,224) (negative 27,587) (negative 5,868) 5,629 (negative 1,999) 37,284 3,954 (negative 2,276)
Pensions and other future benefits
Public sector pensions 3,664 2,645 2,538 2,934 3,292 2,776 2,757 557 (negative 823) (negative 813)
Other employee and veteran future benefits 1,754 2,778 2,410 3,916 3,979 3,707 5,386 4,658 4,181 9,541
Total pensions and other future benefits 5,418 5,423 4,948 6,850 7,271 6,483 8,143 5,215 3,358 8,728
Other liabilities
Due to Canada Pension Plan (negative 97) 52 (negative 16) 85 (negative 152) 115 (negative 70) 72 72 (negative 177)
Other liabilities (negative 185) 632 44 579 (negative 120) 503 (negative 817) (negative 204) 16 (negative 223)
Total other liabilities (negative 282) 684 28 664 (negative 272) 618 (negative 887) (negative 132) 88 (negative 400)
Non-financial assets
Tangible capital assets (negative 681) (negative 2,139) (negative 2,152) (negative 1,728) (negative 2,614) (negative 1,379) (negative 1,194) (negative 1,701) (negative 1,405) (negative 2,491)
Inventories (negative 113) (negative 260) (negative 100) 156 (negative 638) (negative 166) (negative 458) 137 66 29
Prepaid expenses and other (negative 396) 392 (negative 608) (negative 300) 46 167 688 53 (negative 2,857) (negative 674)
Total non-financial assets (negative 1,190) (negative 2,007) (negative 2,860) (negative 1,872) (negative 3,206) (negative 1,378) (negative 964) (negative 1,511) (negative 4,196) (negative 3,136)
Other transactions
Taxes receivable (negative 7,379) 590 (negative 6,009) 2,848 (negative 9,563) (negative 7,380) (negative 6,109) (negative 374) (negative 6,010) (negative 7,349)
Other accounts receivable (negative 817) 151 (negative 3) (negative 441) (negative 266) (negative 555) (negative 185) 42 1,458 (negative 7,072)
Provincial, Territorial and Aboriginal Tax Agreements Account 410 (negative 1,311) (negative 168) 1,438 241 2,688 (negative 7,130) (negative 1,584) 951 2,780
Amounts payable to taxpayers 2,986 7,622 1,835 (negative 2,594) 397 2,304 3,925 (negative 2,277) 3,598 (negative 2,501)
Other liabilities 1,683 (negative 2,359) 1,869 7,682 (negative 2,103) 951 (negative 3,054) (negative 3,153) 7,352 3,942
Total other transactions (negative 3,117) 4,693 (negative 2,476) 8,933 (negative 11,294) (negative 1,992) (negative 12,553) (negative 7,346) 7,349 (negative 10,200)
Total non-budgetary transactions and non-financial assets (negative 2,376) 3,018 (negative 74,584) (negative 13,012) (negative 13,369) 9,360 (negative 8,260) 33,510 10,553 (negative 7,284)
Table summary

The table presents, in millions of dollars, a ten-year comparative of the consolidated statement of foreign exchange, unmatured debt and cash transactions. It consists of two columns: a detailed listing of components; Year ended March 31—divided into ten columns representing, in chronological order, the previous nine years and the current year. The first series of rows presents the foreign exchange accounts. It is divided in sub-sections with related subtotals. The final row for the series presents the total of foreign exchange accounts. The second series of rows presents the unmatured debt. It is divided in sub-sections and a related subtotal. The final row of the series presents the total of unmatured debt. The third series of rows presents the cash and cash equivalents at end of year.

Table 1.6
Government of Canada
Consolidated statement of foreign exchange, unmatured debt and cash transactions—detailed

(in millions of dollars)

  Year ended March 31
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Foreign exchange accounts
International reserves held in the Exchange Fund Account (negative 3,737) 1,769 (negative 8,290) (negative 2,507) (negative 340) (negative 8,100) (negative 1,240) (negative 13,984) (negative 14,596) (negative 9,418)
International Monetary Fund—Subscriptions (negative 433) 354 (negative 1,259) 2,188 31 (negative 50) 148 (negative 1,189) (negative 246) (negative 9,041)
International Monetary Fund—Loans (negative 337) (negative 802) (negative 186) (negative 132) (negative 208) 312 75
Subtotal (negative 4,170) 2,123 (negative 9,549) (negative 656) (negative 1,111) (negative 8,336) (negative 1,224) (negative 15,381) (negative 14,530) (negative 18,384)
Less: International Monetary Fund
Special drawing rights allocations (negative 48) 43 (negative 154) (negative 7,766) 30 (negative 48) 139 (negative 1,118) (negative 231) (negative 493)
Notes payable (negative 771) 201 14 2,351 416 202 398 (negative 760) (negative 1,543) (negative 9,370)
Subtotal (negative 819) 244 (negative 140) (negative 5,415) 446 154 537 (negative 1,878) (negative 1,774) (negative 9,863)
Total foreign exchange accounts (negative 3,351) 1,879 (negative 9,409) 4,759 (negative 1,557) (negative 8,490) (negative 1,761) (negative 13,503) (negative 12,756) (negative 8,521)
Unmatured debt
Payable in Canadian currency
Marketable bonds (negative 3,652) (negative 3,932) 41,636 72,776 48,118 32,060 20,899 4,280 14,562 16,187
Treasury bills 2,477 (negative 17,138) 75,339 (negative 16,426) (negative 12,869) 241 17,468 (negative 27,699) (negative 17,298) 2,408
Retail debt (negative 2,167) (negative 2,107) (negative 537) (negative 677) (negative 1,714) (negative 1,219) (negative 1,441) (negative 1,154) (negative 667) (negative 584)
Bonds for Canada Pension Plan (negative 1,359) (negative 700) (negative 519) (negative 71) (negative 425) (negative 16) (negative 11)
Subtotal (negative 4,701) (negative 23,877) 115,919 55,602 33,110 31,066 36,915 (negative 24,573) (negative 3,403) 18,011
Payable in foreign currencies (negative 3,713) (negative 875) 883 (negative 2,138) (negative 615) 3,087 87 5,228 4,237 2,215
Cross-currency swap revaluation 1,167 (negative 329) 5,110 (negative 7,923) (negative 858) 643 1,029 5,745 4,343 1,722
Unamortized discounts and premiums on market debt 121 446 1,462 (negative 341) 607 190 7,526 (negative 47) 1,112 751
Obligation related to capital leases 169 1,140 (negative 51) (negative 94) (negative 405) (negative 52) 13 (negative 44) 107 (negative 233)
Other unmatured debt 190 263 464 262 (negative 174) 565
Total unmatured debt (negative 6,957) (negative 23,495) 123,323 45,106 32,029 35,197 46,034 (negative 13,429) 6,222 23,031
Cash and cash equivalents at end of year
In Canadian currency 22,701 13,733 46,989 28,124 13,902 16,493 27,130 31,415 34,716 36,022
In foreign currencies (negative 5) (negative 4) (negative 4) 326 421 650 211 14 283 2,548
Total cash and cash equivalents 22,696 13,729 46,985 28,450 14,323 17,143 27,341 31,429 34,999 38,570

Public Accounts of Canada 2016 Volume I—Bottom of the page Navigation

Date modified: