Section III - Supplementary Information

Financial Statement Highlights

The financial information presented within this report is intended to serve as a general overview of Defence’s financial position and operations.

Department of National Defence
Condensed Statement of Operations and Departmental Net Financial Position (unaudited)
For the Year Ended March 31, 2015
(dollars)

Financial Information  

2014-15
Planned Results

2014-15
Actual   

2013-14
Actual(restated)

Difference
(2014-15 actual minus 2014-15 planned)

Difference
(2014-15 actual minus 2013-14 actual)

Total expenses 18,561,144,000  19,154,881,516  18,395,385,909  593,737,516  759,495,607 
Total revenues  408,724,000 600,889,739  463,299,848  192,165,739  137,589,891 
Net cost of operations before government funding and transfers  18,152,420,000  18,553,991,777  17,932,086,061  401,571,777  621,905,716

 

Department of National Defence
Condensed Statement of Financial Position (unaudited)
For the Year Ended March 31, 2015
(dollars)

 

2014-15

2013-14
(restated)

Difference
(2014-15
minus 2013-14)

Total net liabilities 51,173,733,806  51,611,026,114  (437,292,308) 
Total net financial assets 49,004,246,523  49,748,694,031  (744,447,508) 
Departmental net debt  2,169,487,283  1,862,332,083  307,155,200
Total non-financial assets  39,443,088,596 39,376,740,666  66,347,930 
Departmental net financial position  37,273,601,313 37,514,408,583  (240,807,270) 

Financial Statements

  The Department’s financial statements 79 can be found on the National Defence website.

Supplementary Information Tables

All supplementary information tables listed in the 2014-15 Departmental Performance Report can be found on the Defence website 80.

Tax Expenditures and Evaluations

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals, and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations 87 publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.