Report on Plans and Priorities 2013-14

Financial Highlights

Future-oriented Condensed Statement of Operations and Departmental Net Financial Position

For the year ended March 31 ($ millions)
  $ Change Forecast
2013-14
Estimated Results
2012-13
Total Expenses (220.0) 1,831.7 2,051.7
Total Revenues 1.5 55.1 53.6
Net Cost of Operations
Before Government
Funding and Transfers
(221.5) 1,776.6 1,998.1
Departmental Net
Financial Position
10.9 2,219.0 2,208.1

Future-oriented Condensed Statement of Financial Position

For the year ended March 31 ($ millions)
  $ Change Forecast
2013-14
Estimated Results
2012-13
Total Net Liabilities (57.5) 644.6 702.1
Total Net Financial Assets (30.1) 228.0 258.1
Departmental Net Debt (27.4) 416.6 444.0
Total Non-financial Assets (16.5) 2,635.6 2,652.1
Departmental Net
Financial Position
10.9 2,219.0 2,208.1

The future-oriented financial highlights presented within this Report on Plans and Priorities are intended to serve as a general overview of Fisheries and Oceans Canada's financial position and operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

Reporting of financial authorities which is primarily based on cash flow requirements does not reflect reporting of future-oriented financial results which is on an accrual basis. The two types of reporting are reconciled in Fisheries and Oceans Canada's Future-Oriented Financial Statements which can be found on the department's website.

For more detailed information, see Fisheries and Oceans Canada's Future-oriented Financial Statements.