Consolidated Crown corporations and other entities

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This section provides all related information on consolidated Crown corporations and other entities. Consolidated entities rely on Government funding as their principal source of revenue and are controlled by the Government.

Consolidation involves the combination of the accounts of these corporations and other entities on a line-by-line and uniform basis of accounting and the elimination of inter-organizational balances and transactions. Consequently, the corporations and other entities' accounts must be adjusted to the Government's basis of accounting. All corporations and other entities follow either Canadian Public Sector Accounting Standards or International Financial Reporting Standards. The financial information reported by all of the consolidated Crown corporations and other entities in the following summary tables has been prepared and reported based upon Canadian Public Sector Accounting Standards.

Consolidated Crown corporations are also categorized as being either agents or non-agents of the Crown. Agency status may be expressly stated in the incorporating legislation or conferred under the provisions of the Government Corporations Operation Act.

Summary financial statements of consolidated Crown corporations and other entities

These tables present financial information on consolidated parent Crown corporations and other entities, as well as financial information on wholly-owned subsidiaries that are considered "deemed parent Crown corporations" and thus consolidated directly in the consolidated financial statements of the Government and excluded from the consolidated financial statements of their parent Crown corporations. The annual Inventory of Federal Organizations and Interests includes a complete list of federal organizations and interests.

For those corporations and other entities having year ends other than March 31, the data are based on unaudited interim financial statements which have been prepared on a basis consistent with the most recent audited financial statements.

Table 4.1 and Table 4.2 present summarized financial information of the consolidated Crown corporations and other entities. Balances reported under Government, Crown corporations and other entities represent those between related parties. Of note, borrowings from third parties represent long-term debts payable of the corporations and other entities. Revenues are broken down to identify revenues arising from normal operations and financial assistance from the Government in respect of the current year's operations. Equity adjustments include prior period adjustments and other miscellaneous items recorded by the corporations and other entities. Remeasurement gains and losses comprise certain unrealized gains and losses on financial instruments excluded from the annual surplus (deficit). Upon realization, these gains and losses are included in the annual surplus (deficit). Equity transactions with the Government include dividends declared or transfers of profits to the Government, as well as capital transactions with the Government. The line "Conversion to the Government accounting basis for consolidation purposes" represents the adjustments required to bring the corporations and other entities' accounting policies in line with those of the Government.

Table 4.1
Financial position of consolidated Crown corporations and other entities
Assets, liabilities and equity as at March 31, 2019
(in thousands of dollars)
Consolidated Crown corporations and other entities Assets Liabilities Accumulated profits (losses) Contributed surplus Capital stock Equity of Canada Total liabilities and equity
Financial Non-financial Total assets Third parties Government, Crown corporations and other entities Total liabilities
Third parties Government, Crown corporations and other entities Borrowings Other
Crown corporationsLink to footnote 1
Atomic Energy of Canada Limited 172,731 85,802 841,978 1,100,511 – 7,821,512 284 7,821,796 (negative 7,185,997) 449,712 15,000 (negative 6,721,285) 1,100,511
Canada Council for the Arts 445,136 311 29,473 474,920 – 138,007 1,792 139,799 335,121 – – 335,121 474,920
Canada Infrastructure Bank 491,914 1,362 1,629 494,905 – 2,901 1,604 4,505 490,400 – – 490,400 494,905
Canadian Air Transport Security Authority 101,382 141,068 489,797 732,247 – 177,917 1,394 179,311 552,936 – – 552,936 732,247
Canadian Broadcasting Corporation 1,631,439 163,527 1,096,841 2,891,807 291,846 598,867 (negative 6,937) 883,776 2,008,031 – – 2,008,031 2,891,807
Canadian Commercial Corporation 84,670 1,533 2,929 89,132 – 48,061 19,722 67,783 11,349 10,000 – 21,349 89,132
Canadian Dairy Commission 9,568 – 158,182 167,750 5,638 61,656 100,456 167,750 – – – – 167,750
Canadian Museum for Human Rights 11,657 92 292,016 303,765 – 157,065 137,101 294,166 9,599 – – 9,599 303,765
Canadian Museum of History 79,133 11,109 228,279 318,521 – 29,325 220,637 249,962 68,559 – – 68,559 318,521
Canadian Museum of Immigration at Pier 21 13,397 332 13,628 27,357 – 9,457 13,670 23,127 4,230 – – 4,230 27,357
Canadian Museum of Nature 24,030 274 177,131 201,435 – 40,077 163,511 203,588 (negative 2,153) – – (negative 2,153) 201,435
Canadian Race Relations Foundation 28,093 2,383 37 30,513 – 439 – 439 30,074 – – 30,074 30,513
Canadian Tourism Commission 43,017 1,889 2,737 47,643 – 19,868 67 19,935 27,708 – – 27,708 47,643
Defence Construction (1951) Limited 30,325 21,321 2,247 53,893 – 43,721 718 44,439 9,454 – – 9,454 53,893
International Development Research Centre 72,117 1,708 6,612 80,437 – 44,562 21,730 66,292 14,145 – – 14,145 80,437
Marine Atlantic Inc. 157,428 13,404 443,708 614,540 – 105,975 2,994 108,969 505,571 – – 505,571 614,540
National Arts Centre Corporation 37,568 1,345 227,253 266,166 – 26,338 245,178 271,516 (negative 5,350) – – (negative 5,350) 266,166
National Capital Commission 191,177 4,724 669,247 865,148 – 191,952 4,143 196,095 669,053 – – 669,053 865,148
National Gallery of Canada 14,447 1,037 87,425 102,909 – 8,364 91,762 100,126 2,783 – – 2,783 102,909
National Museum of Science and Technology 49,613 3,426 256,139 309,178 – 21,495 274,240 295,735 13,443 – – 13,443 309,178
Standards Council of Canada 8,970 1,047 2,585 12,602 – 5,996 45 6,041 6,561 – – 6,561 12,602
Telefilm Canada 7,443 56,644 7,179 71,266 – 57,344 111 57,455 13,811 – – 13,811 71,266
The Federal Bridge Corporation Limited 33,167 368 396,254 429,789 62,546 23,427 107,770 193,743 236,046 – – 236,046 429,789
The Jacques Cartier and Champlain Bridges Inc. 51,353 1,750 590,807 643,910 – 76,583 1,431 78,014 565,896 – – 565,896 643,910
VIA Rail Canada Inc. 462,528 38,339 1,072,117 1,572,984 – 233,961 1,022,858 1,256,819 306,865 – 9,300 316,165 1,572,984
Windsor-Detroit Bridge Authority 264,004 14,049 1,123,963 1,402,016 – 730,631 – 730,631 671,385 – – 671,385 1,402,016
Total—Crown corporations 4,516,307 568,844 8,220,193 13,305,344 360,030 10,675,501 2,426,281 13,461,812 (negative 640,480) 459,712 24,300 (negative 156,468) 13,305,344
Conversion to the Government accounting basis for consolidation purposes (negative 57,456) – (negative 86,045) (negative 143,501) – (negative 12,160) (negative 2,134,804) (negative 2,146,964) 2,487,475 (negative 459,712) (negative 24,300) 2,003,463 (negative 143,501)
Net Crown corporations on the Government accounting basis 4,458,851 568,844 8,134,148 13,161,843 360,030 10,663,341 291,477 11,314,848 1,846,995 – – 1,846,995 13,161,843
Other entitiesLink to footnote 2
Canada Foundation for Innovation 191,653 34,372 4,184 230,209 – 1,295 228,914 230,209 – – – – 230,209
Canada Foundation for Sustainable Development Technology 16,715 – 1,205 17,920 – 3,906 14,014 17,920 – – – – 17,920
First Nations Market Housing Fund 322,235 39,910 302 362,447 – 58,739 303,708 362,447 – – – – 362,447
St. Lawrence Seaway Management Corporation 195,197 20,520 16,245 231,962 – 107,822 9,207 117,029 114,933 – – 114,933 231,962
Capital Fund Trust 2,368 10,940 – 13,308 – 2 13,306 13,308 – – – – 13,308
Employee Termination Benefits Trust Fund 1,018 3 – 1,021 – 3 1,018 1,021 – – – – 1,021
Total—Other entities 729,186 105,745 21,936 856,867 – 171,767 570,167 741,934 114,933 – – 114,933 856,867
Conversion to the Government accounting basis for consolidation purposes 2,283 (negative 191) – 2,092 – – (negative 556,940) (negative 556,940) 559,032 – – 559,032 2,092
Net other entities on the Government accounting basis 731,469 105,554 21,936 858,959 – 171,767 13,227 184,994 673,965 – – 673,965 858,959
Total 5,190,320 674,398 8,156,084 14,020,802 360,030 10,835,108 304,704 11,499,842 2,520,960 – – 2,520,960 14,020,802

Table 4.2
Revenues, expenses and other changes in equity of consolidated Crown corporations and other entities for the year ended March 31, 2019
(in thousands of dollars)
Consolidated Crown corporations and other entities Revenues Expenses Net income (loss) Equity beginning of year Equity adjustments and other Remeasurement gains (losses) Equity transactions with the Government Equity end of year
Third parties Government, Crown corporations and other entities Total Third parties Government, Crown corporations and other entities Total Dividends Capital
Financial assistance Other
Crown corporations
Atomic Energy of Canada Limited 111,089 829,233 2,568 942,890 1,118,767 3,006 1,121,773 (negative 178,883) (negative 6,869,098) – 1,007 – 325,689 (negative 6,721,285)
Canada Council for the Arts 16,743 292,991 1,100 310,834 309,006 1,127 310,133 701 324,254 – 10,166 – – 335,121
Canada Infrastructure Bank 2,737 560,376 – 563,113 72,755 – 72,755 490,358 42 – – – – 490,400
Canadian Air Transport Security Authority 13,487 813,926 – 827,413 762,946 18,845 781,791 45,622 507,315 (negative 1) – – – 552,936
Canadian Broadcasting Corporation 488,211 1,210,831 1,935 1,700,977 1,746,209 1,684 1,747,893 (negative 46,916) 2,052,821 2,126 – – – 2,008,031
Canadian Commercial Corporation 28,952 – 2,169 31,121 23,022 3,982 27,004 4,117 23,571 (negative 6,339) – – – 21,349
Canadian Dairy Commission 350,941 3,979 – 354,920 356,216 2,374 358,590 (negative 3,670) – 3,670 – – – –
Canadian Museum for Human Rights 11,456 30,282 – 41,738 39,222 2,085 41,307 431 9,168 – – – – 9,599
Canadian Museum of History 20,128 81,029 1,129 102,286 87,514 12,852 100,366 1,920 66,639 – – – – 68,559
Canadian Museum of Immigration at Pier 21 3,483 9,982 126 13,591 10,219 2,621 12,840 751 3,810 (negative 257) (negative 74) – – 4,230
Canadian Museum of Nature 11,287 34,763 76 46,126 41,196 2,929 44,125 2,001 (negative 4,154) – – – – (negative 2,153)
Canadian Race Relations Foundation 530 – 203 733 1,066 – 1,066 (negative 333) 29,452 – 955 – – 30,074
Canadian Tourism Commission 27,159 95,655 762 123,576 131,055 1,241 132,296 (negative 8,720) 36,745 – (negative 317) – – 27,708
Defence Construction (1951) Limited 708 – 114,220 114,928 115,137 (negative 28) 115,109 (negative 181) 9,808 – (negative 173) – – 9,454
International Development Research Centre 36,574 140,366 18,892 195,832 202,686 2,958 205,644 (negative 9,812) 23,957 – – – – 14,145
Marine Atlantic Inc. 111,818 125,668 – 237,486 238,534 – 238,534 (negative 1,048) 508,704 – (negative 2,085) – – 505,571
National Arts Centre Corporation 33,587 49,047 2,855 85,489 82,954 2,290 85,244 245 (negative 5,595) – – – – (negative 5,350)
National Capital Commission 35,796 109,309 10,621 155,726 126,597 7,976 134,573 21,153 646,900 1,000 – – – 669,053
National Gallery of Canada 17,584 51,586 527 69,697 61,812 7,388 69,200 497 2,358 (negative 72) – – – 2,783
National Museum of Science and Technology 14,187 36,583 2,050 52,820 45,960 6,634 52,594 226 13,217 – – – – 13,443
Standards Council of Canada 10,199 17,974 829 29,002 26,656 71 26,727 2,275 4,286 – – – – 6,561
Telefilm Canada 24,010 101,899 511 126,420 132,666 2,033 134,699 (negative 8,279) 22,090 – – – – 13,811
The Federal Bridge Corporation Limited 42,783 3,395 – 46,178 47,758 – 47,758 (negative 1,580) 237,424 (negative 278) 480 – – 236,046
The Jacques Cartier and Champlain Bridges Inc. 1,703 161,330 – 163,033 156,466 – 156,466 6,567 559,329 – – – – 565,896
VIA Rail Canada Inc. 395,769 374,229 2,635 772,633 726,696 9,321 736,017 36,616 279,549 – – – – 316,165
Windsor-Detroit Bridge Authority 5,045 345,052 5,948 356,045 226,857 – 226,857 129,188 536,437 (negative 3) 5,763 – – 671,385
Total—Crown corporations 1,815,966 5,479,485 169,156 7,464,607 6,889,972 91,389 6,981,361 483,246 (negative 980,971) (negative 154) 15,722 – 325,689 (negative 156,468)
Conversion to the Government accounting basis for consolidation purposes 9,675 77,428 – 87,103 (negative 185,270) 5,565 (negative 179,705) 266,808 2,077,912 154 (negative 15,722) – (negative 325,689) 2,003,463
Total on the Government accounting basis 1,825,641 5,556,913 169,156 7,551,710 6,704,702 96,954 6,801,656 750,054 1,096,941 – – – – 1,846,995
Consolidation adjustments 967 (negative 5,556,913) (negative 169,156) (negative 5,725,102) 3,022 (negative 96,954) (negative 93,932) (negative 5,631,170) – 5,631,170 – – – –
Net amount—Crown corporations 1,826,608 – – 1,826,608 6,707,724 – 6,707,724 (negative 4,881,116) 1,096,941 5,631,170 – – – 1,846,995
Other entities
Canada Foundation for Innovation 5,465 394,462 608 400,535 400,503 32 400,535 – – – – – – –
Canada Foundation for Sustainable Development Technology 698 104,249 – 104,947 104,947 – 104,947 – – – – – – –
First Nations Market Housing Fund 10,287 – 977 11,264 10,287 977 11,264 – – – – – – –
St. Lawrence Seaway Management Corporation 82,505 1,799 47,294 131,598 112,974 200 113,174 18,424 96,509 – – – – 114,933
Capital Fund Trust 91 52,000 (negative 3,842) 48,249 2 48,247 48,249 – – – – – – –
Employee Termination Benefits Trust Fund 21 – 1 22 2 20 22 – – – – – – –
Total—Other entities 99,067 552,510 45,038 696,615 628,715 49,476 678,191 18,424 96,509 – – – – 114,933
Conversion to the Government accounting basis for consolidation purposes (negative 32,393) (negative 75,317) (negative 191) (negative 107,901) 953 (negative 953) – (negative 107,901) 666,933 – – – – 559,032
Total on the Government accounting basis 66,674 477,193 44,847 588,714 629,668 48,523 678,191 (negative 89,477) 763,442 – – – – 673,965
Consolidation adjustments 1,394 (negative 477,193) (negative 44,847) (negative 520,646) 979 (negative 48,523) (negative 47,544) (negative 473,102) – 473,102 – – – –
Net amount—Other entities 68,068 – – 68,068 630,647 – 630,647 (negative 562,579) 763,442 473,102 – – – 673,965
Total 1,894,676 – – 1,894,676 7,338,371 – 7,338,371 (negative 5,443,695) 1,860,383 6,104,272 – – – 2,520,960

Borrowings by consolidated agent Crown corporations

Table 4.3
Borrowings by consolidated agent Crown corporations
(in thousands of dollars)
  April 1, 2018 Borrowings and other credits Repayments and other charges March 31, 2019
Canadian Broadcasting Corporation 316,580 19,778 44,512 291,846
Canadian Dairy Commission 6,253 82,676 83,291 5,638
The Federal Bridge Corporation Limited 70,903 – 8,357 62,546
Total 393,736 102,454 136,160 360,030

This information is published to satisfy section 49 of the Financial Administration Act (FAA) which requires that an annual statement be included in the Public Accounts of Canada. The borrowings are from lenders other than the Government. In accordance with section 54 of the FAA, the payment of all money borrowed by agent Crown corporations and interest thereon is a charge on and payable out of the Consolidated Revenue Fund.

Contingent liabilities of consolidated Crown corporations and other entities

Contingent liabilities of consolidated Crown corporations are included in the Government of Canada's financial statements as follows, refer to section 2 for further details.

Table 4.4
Contingent liabilities of consolidated Crown corporations and other entities
(in thousands of dollars)
  2019
Pending and threatened litigation and other claims—Provision accrued 36,022
Pending and threatened litigation and other claims—Disclosure only 22,527

Financial assistance under budgetary appropriations to consolidated Crown corporations

Table 4.5 presents charges to appropriations or authorities approved by Parliament. It should be read in conjunction with Table 4.2. Differences in figures reported in Table 4.2 and those reported in Table 4.5 result from the use of different accounting policies and from items in transit.

Table 4.5
Financial assistance under budgetary appropriations to consolidated Crown corporations for the year ended March 31, 2019
(in thousands of dollars)
  Program expenditures vote Operating expenditures vote Capital expenditures vote Financial assistance under budgetary appropriationsLink to footnote 3
Agent Crown corporations
Atomic Energy of Canada Limited 829,233 – – 829,233
Canadian Air Transport Security Authority 817,771 – – 817,771
Canadian Broadcasting Corporation – 1,097,822 113,009 1,210,831
Canadian Dairy Commission 3,979 – – 3,979
Canadian Museum for Human Rights 25,336 – – 25,336
Canadian Museum of History 76,247 – – 76,247
Canadian Museum of Immigration at Pier 21 8,241 – – 8,241
Canadian Museum of Nature 31,115 – – 31,115
Canadian Tourism Commission 98,683 – – 98,683
National Capital Commission – 72,193 37,295 109,488
National Gallery of Canada – 43,461 8,000 51,461
National Museum of Science and Technology 30,243 – – 30,243
Telefilm Canada 101,899 – – 101,899
The Federal Bridge Corporation Limited 3,464 – – 3,464
The Jacques Cartier and Champlain Bridges Inc. 166,798 – – 166,798
Total—Agent Crown corporations 2,193,009 1,213,476 158,304 3,564,789
Non-agent Crown corporations
Canada Council for the Arts 292,791 – – 292,791
Canada Infrastructure Bank 552,862 – – 552,862
International Development Research Centre 140,366 – – 140,366
Marine Atlantic Inc. 125,945 – – 125,945
National Arts Centre Corporation 35,439 – – 35,439
Standards Council of Canada 17,974 – – 17,974
VIA Rail Canada Inc. 496,247 – – 496,247
Windsor-Detroit Bridge Authority 330,500 – – 330,500
Total—Non-agent Crown corporations 1,992,124 – – 1,992,124
Total 4,185,133 1,213,476 158,304 5,556,913

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