Department of National Defence - Departmental Performance Report 2011-12

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SECTION III: SUPPLEMENTARY INFORMATION

Financial Highlights

Condensed Statement of Financial Position (Unaudited)
As at March 31, 2012
($ thousands)
  Change $2011-122010-11
(Restated)
Total net liabilities 906,212 53,195,903 52,289,691
Total net financial assets 464,918 49,498,423 49,033,505
Departmental net debt 441,294 3,697,480 3,256,186
Total non-financial assets (98,127) 38,721,597 38,819,724
Departmental net financial position (539,421) 35,024,117 35,563,538

Source: Assistant Deputy Minister (Finance and Corporate Services) Group

Condensed Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2012
($ thousands)
  Change %2011-122010-11 (Restated)
Total expenses 10.94 21,188,392 19,098,201
Total revenues (2.50) 403,537 413,910
Net cost of operations before government funding and transfers 9.99 21,155,574 19,233,581
Departmental net financial position (1.52) 35,024,117 35,563,538

Source: Assistant Deputy Minister (Finance and Corporate Services) Group

Total liabilities were $53.2 billion at the end of 2011–12, an increase of $0.9 billion (1.7%) over the previous year's total liabilities of $52.3 billion. Canadian Forces Pension and Insurance Accounts comprised 88% of total liabilities.

Total net financial assets were $49.5 billion at the end of 2011–12, an increase of $0.5 billion (1.0%) over the previous year's total of 49.0 billion (restated). Due from the Consolidated Revenue Fund comprised 99.6% of total net financial assets.

Total non-financial assets were $38.7 billion at the end of 2011–12, a decrease of $0.1 billion (0.3%) over the previous year's total of $38.8 billion (restated). Tangible capital assets comprised 82.3% of non-financial assets.

Since the increase in liabilities exceeded the increase in financial assets, the Departmental net debt increased $0.4 billion (13.5%) over the previous year's total of $3.3 billion (restated) to $3.7 billion at the end of 2011–12. As a result of all the preceding factors, the Departmental net financial position ended the year at $35.0 billion, a decrease of $0.5 billion (1.5%) over the prior year total of $35.5 billion (restated).

Total expenses for the Department of National Defence were $21.2 billion in 2011–12 an increase of $2.1 billion (11.0 %) from the previous year's total of $19.1 billion (restated). Salary and employee benefits comprised 49.1% of total expenses.

The Department's total revenues amounted to $403.5 million for 2011–12, a decrease of $10.4 million (-2.5%) over the previous year's total of $413.9 million (restated).

Financial Statements

Defence's financial statements are available on the Defence websiteFootnote 25.

List of Supplementary Information Tables

Electronic supplementary information tables listed in the 2011-12 Departmental Performance Report can be found on the Defence websiteFootnote 26.