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 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 have 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, 2018

(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 144,532 114,129 838,917 1,097,578 7,640,379 326,297 7,966,676 (negative 7,008,121) 124,023 15,000 (negative 6,869,098) 1,097,578
Canada Council for the Arts 431,244 501 28,713 460,458 134,397 1,807 136,204 324,254 324,254 460,458
Canada Development Investment Corporation PPP Canada IncLink to footnote 2
Canada Infrastructure Bank 9,888 18 9,906 647 9,217 9,864 42 42 9,906
Canadian Air Transport Security Authority 103,340 131,933 444,637 679,910 171,461 1,134 172,595 507,315 507,315 679,910
Canadian Broadcasting Corporation 1,760,772 154,173 1,053,085 2,968,030 316,580 598,590 39 915,209 2,052,821 2,052,821 2,968,030
Canadian Commercial Corporation 1,254,896 982 5,879,312 7,135,190 7,083,968 27,651 7,111,619 13,571 10,000 23,571 7,135,190
Canadian Dairy Commission 7,824 149,983 157,807 6,253 55,782 95,772 157,807 157,807
Canadian Museum for Human Rights 13,978 255 303,688 317,921 165,962 142,791 308,753 9,168 9,168 317,921
Canadian Museum of History 71,783 11,514 240,126 323,423 30,617 226,167 256,784 66,639 66,639 323,423
Canadian Museum of Immigration at Pier 21 12,482 257 15,592 28,331 9,032 15,489 24,521 3,810 3,810 28,331
Canadian Museum of Nature 20,889 79 184,712 205,680 39,341 170,493 209,834 (negative 4,154) (negative 4,154) 205,680
Canadian Race Relations Foundation 27,050 2,526 44 29,620 136 32 168 29,452 29,452 29,620
Canadian Tourism Commission 42,713 4,253 3,934 50,900 14,103 52 14,155 36,745 36,745 50,900
Defence Construction (1951) Limited 24,993 22,196 4,111 51,300 40,772 720 41,492 9,808 9,808 51,300
International Development Research Centre 79,687 676 9,030 89,393 42,322 23,114 65,436 23,957 23,957 89,393
Marine Atlantic Inc. 153,106 21,100 449,571 623,777 112,356 2,717 115,073 508,704 508,704 623,777
National Arts Centre Corporation 97,150 2,126 186,370 285,646 37,446 253,795 291,241 (negative 5,595) (negative 5,595) 285,646
National Capital Commission 159,996 5,298 644,415 809,709 160,349 2,460 162,809 646,900 646,900 809,709
National Gallery of Canada 17,513 957 84,194 102,664 8,910 91,396 100,306 2,358 2,358 102,664
National Museum of Science and Technology 127,568 3,753 185,367 316,688 21,498 281,973 303,471 13,217 13,217 316,688
Standards Council of Canada 4,232 1,210 4,207 9,649 5,345 18 5,363 4,286 4,286 9,649
Telefilm Canada 7,044 66,503 7,557 81,104 58,878 136 59,014 22,090 22,090 81,104
The Federal Bridge Corporation Limited 39,421 400,278 439,699 70,903 24,337 107,035 202,275 237,424 237,424 439,699
The Jacques Cartier and Champlain Bridges Inc. 64,683 7,805 581,903 654,391 95,062 95,062 559,329 559,329 654,391
VIA Rail Canada Inc. 408,864 31,198 945,150 1,385,212 202,136 903,527 1,105,663 270,249 9,300 279,549 1,385,212
Windsor-Detroit Bridge Authority 213,464 8,364 405,549 627,377 90,940 90,940 536,437 536,437 627,377
Total—Crown corporations 5,299,112 591,788 13,050,463 18,941,363 393,736 16,844,766 2,683,832 19,922,334 (negative 1,139,294) 134,023 24,300 (negative 980,971) 18,941,363
Conversion to the Government accounting basis for consolidation purposes (negative 225,732) (negative 84,172) (negative 309,904) (negative 12,477) (negative 2,375,339) (negative 2,387,816) 2,236,235 (negative 134,023) (negative 24,300) 2,077,912 (negative 309,904)
Net Crown corporations on the Government accounting basis 5,073,380 591,788 12,966,291 18,631,459 393,736 16,832,289 308,493 17,534,518 1,096,941 1,096,941 18,631,459
Other entitiesLink to footnote 3
Canada Foundation for Innovation 230,309 60,732 2,499 293,540 864 292,676 293,540 293,540
Canada Foundation for Sustainable Development Technology 59,067 1,503 60,570 837 59,733 60,570 60,570
First Nations Market Housing Fund 317,294 40,107 176 357,577 54,471 303,106 357,577 357,577
St. Lawrence Seaway Management Corporation 175,822 21,969 16,786 214,577 107,522 10,546 118,068 96,509 96,509 214,577
Capital Fund Trust 2,259 14,802 17,061 2 17,059 17,061 17,061
Employee Termination Benefits Trust Fund 1,281 88 1,369 2 1,367 1,369 1,369
Total—Other entities 786,032 137,698 20,964 944,694 163,698 684,487 848,185 96,509 96,509 944,694
Conversion to the Government accounting basis for consolidation purposes (negative 238) (negative 238) (negative 667,171) (negative 667,171) 666,933 666,933 (negative 238)
Net other entities on the Government accounting basis 786,032 137,460 20,964 944,456 163,698 17,316 181,014 763,442 763,442 944,456
Total 5,859,412 729,248 12,987,255 19,575,915 393,736 16,995,987 325,809 17,715,532 1,860,383 1,860,383 19,575,915

Table notes 1

The dash means that the amount is 0 or is rounded to 0.

Table 4.2
Revenues, expenses and other changes in equity of consolidated Crown corporations and other entities for the year ended March 31, 2018
(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 89,913 826,295 1,541 917,749 778,101 5,189 783,290 134,459 (negative 6,982,214) (negative 998) (negative 20,345) (negative 6,869,098)
Canada Council for the Arts 54,129 258,514 997 313,640 263,291 1,090 264,381 49,259 302,849 (negative 27,854) 324,254
Canada Development Investment Corporation PPP Canada Inc 87 1,293,553 468 1,294,108 239,186 44,347 283,533 1,010,575 7,401 (negative 1,014,571) (negative 3,405)
Canada Infrastructure Bank 42 2,151 2,193 2,151 2,151 42 42
Canadian Air Transport Security Authority 15,722 721,899 737,621 702,893 15,876 718,769 18,852 488,463 507,315
Canadian Broadcasting Corporation 639,636 1,222,083 2,526 1,864,245 1,542,743 1,659 1,544,402 319,843 1,732,978 2,052,821
Canadian Commercial Corporation 2,409,435 3,744 2,413,179 2,414,071 4,451 2,418,522 (negative 5,343) 28,914 23,571
Canadian Dairy Commission 355,882 3,924 359,806 360,104 1,745 361,849 (negative 2,043) 2,043
Canadian Museum for Human Rights 10,885 28,975 39,860 38,902 652 39,554 306 8,851 11 9,168
Canadian Museum of History 27,409 80,256 1,208 108,873 93,961 14,081 108,042 831 67,480 22 (negative 1,694) 66,639
Canadian Museum of Immigration at Pier 21 3,173 10,059 125 13,357 10,056 2,535 12,591 766 3,255 (negative 178) (negative 33) 3,810
Canadian Museum of Nature 9,581 33,547 112 43,240 38,022 3,016 41,038 2,202 (negative 6,356) (negative 4,154)
Canadian Race Relations Foundation 3,300 111 3,411 759 67 826 2,585 29,735 33 (negative 2,901) 29,452
Canadian Tourism Commission 27,185 95,476 505 123,166 124,141 1,188 125,329 (negative 2,163) 38,676 232 36,745
Defence Construction (1951) Limited 728 101,631 102,359 105,278 254 105,532 (negative 3,173) 12,598 383 9,808
International Development Research Centre 42,477 139,952 21,074 203,503 202,227 3,486 205,713 (negative 2,210) 26,167 23,957
Marine Atlantic Inc. 112,615 146,758 259,373 237,207 237,207 22,166 481,270 5,268 508,704
National Arts Centre Corporation 35,477 46,176 1,913 83,566 84,913 2,333 87,246 (negative 3,680) (negative 1,915) (negative 5,595)
National Capital Commission 36,399 89,630 12,459 138,488 124,385 7,500 131,885 6,603 643,327 (negative 3,030) 646,900
National Gallery of Canada 19,433 48,094 301 67,828 61,738 8,669 70,407 (negative 2,579) 4,937 2,358
National Museum of Science and Technology 9,831 33,899 3,349 47,079 38,601 8,536 47,137 (negative 58) 13,275 13,217
Standards Council of Canada 9,874 13,828 674 24,376 23,748 192 23,940 436 3,850 4,286
Telefilm Canada 23,771 103,572 144 127,487 129,845 2,137 131,982 (negative 4,495) 26,585 22,090
The Federal Bridge Corporation Limited 42,972 3,866 46,838 50,288 50,288 (negative 3,450) 238,541 2,523 (negative 190) 237,424
The Jacques Cartier and Champlain Bridges Inc. 1,524 170,129 171,653 129,896 129,896 41,757 517,572 559,329
VIA Rail Canada Inc. 377,850 361,893 2,548 742,291 776,200 8,173 784,373 (negative 42,082) 321,631 279,549
Windsor-Detroit Bridge Authority 4,601 149,985 66,994 221,580 96,947 96,947 124,633 416,693 2 (negative 4,891) 536,437
Total—Crown corporations 4,363,931 5,884,514 222,424 10,470,869 8,669,654 137,176 8,806,830 1,664,039 (negative 1,575,437) (negative 1,013,156) (negative 32,667) (negative 3,405) (negative 20,345) (negative 980,971)
Conversion to the Government accounting basis for consolidation purposes 4,502 (negative 1,025,936) (negative 1,021,434) 138,093 (negative 35,109) 102,984 (negative 1,124,418) 3,149,081 (negative 3,168) 32,667 3,405 20,345 2,077,912
Total on the Government accounting basis 4,368,433 4,858,578 222,424 9,449,435 8,807,747 102,067 8,909,814 539,621 1,573,644 (negative 1,016,324) 1,096,941
Consolidation adjustments 1,020 (negative 4,858,578) (negative 222,424) (negative 5,079,982) 2,966 (negative 102,067) (negative 99,101) (negative 4,980,881) 4,980,881
Net amount—Crown corporations 4,369,453 4,369,453 8,810,713 8,810,713 (negative 4,441,260) 1,573,644 3,964,557 1,096,941
Other entities
Canada Foundation for Innovation 4,542 379,500 1,106 385,148 385,108 40 385,148
Canada Foundation for Sustainable Development Technology 837 68,219 69,056 69,056 69,056
First Nations Market Housing Fund 9,525 982 10,507 9,525 982 10,507
St. Lawrence Seaway Management Corporation 78,755 1,819 67,405 147,979 127,582 213 127,795 20,184 76,325 96,509
Capital Fund Trust 36 70,000 (negative 843) 69,193 2 69,191 69,193
Employee Termination Benefits Trust Fund 19 19 3 16 19
Total—Other entities 93,714 519,538 68,650 681,902 591,276 70,442 661,718 20,184 76,325 96,509
Conversion to the Government accounting basis for consolidation purposes (negative 2,041) (negative 92,949) (negative 238) (negative 95,228) 1,786 (negative 1,186) 600 (negative 95,828) 762,761 666,933
Total on the Government accounting basis 91,673 426,589 68,412 586,674 593,062 69,256 662,318 (negative 75,644) 839,086 763,442
Consolidation adjustments 1,850 (negative 426,589) (negative 68,412) (negative 493,151) 985 (negative 69,256) (negative 68,271) (negative 424,880) 424,880
Net amount—Other entities 93,523 93,523 594,047 594,047 (negative 500,524) 839,086 424,880 763,442
Total 4,462,976 4,462,976 9,404,760 9,404,760 (negative 4,941,784) 2,412,730 4,389,437 1,860,383
The dash means that the amount is 0 or is rounded to 0.
The accompanying notes to Table 4.1 are an integral part of this table.

Borrowings by consolidated agent Crown corporations

Table 4.3
Borrowings by consolidated agent Crown corporations
(in thousands of dollars)

  April 1, 2017 Borrowings and other credits Repayments and other charges March 31, 2018
Canadian Broadcasting Corporation 339,736 23,156 316,580
Canadian Dairy Commission 2,242 47,320 43,309 6,253
The Federal Bridge Corporation Limited 80,037 9,134 70,903
Total 422,015 47,320 75,599 393,736
The dash means that the amount is 0 or is rounded to 0.

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 additional details.

Table 4.4
Contingent liabilities of consolidated Crown corporations and other entities
(in thousands of dollars)

  2018
Claims and pending and threatened litigation—Provision accrued 53,200
Claims and pending and threatened litigation—Disclosure only 11,187

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, 2018
(in thousands of dollars)

  Program expenditures vote Operating expenditures vote Capital expenditures vote Financial assistance under budgetary appropriationsLink to footnote 4
Agent Crown corporations
Atomic Energy of Canada Limited 826,595 826,595
Canadian Air Transport Security Authority 723,429 723,429
Canadian Broadcasting Corporation 1,110,262 111,821 1,222,083
Canadian Dairy Commission 3,924 3,924
Canadian Museum for Human Rights 25,352 25,352
Canadian Museum of History 74,013 74,013
Canadian Museum of Immigration at Pier 21 7,963 7,963
Canadian Museum of Nature 33,269 33,269
Canadian Tourism Commission 95,476 95,476
National Capital Commission 66,130 23,500 89,630
National Gallery of Canada 41,413 8,000 49,413
National Museum of Science and Technology 145,278 145,278
Telefilm Canada 103,572 103,572
The Federal Bridge Corporation Limited 20,048 20,048
The Jacques Cartier and Champlain Bridges Inc. 179,230 179,230
Total—Agent Crown corporations 2,238,149 1,217,805 143,321 3,599,275
Non-agent Crown corporations
Canada Council for the Arts 258,714 258,714
Canada Infrastructure Bank 11,366 11,366
International Development Research Centre 139,952 139,952
Marine Atlantic Inc. 146,683 146,683
National Arts Centre Corporation 141,324 141,324
PPP Canada Inc 5,900 5,900
Standards Council of Canada 13,828 13,828
VIA Rail Canada Inc. 357,536 357,536
Windsor-Detroit Bridge Authority 184,000 184,000
Total—Non-agent Crown corporations 1,259,303 1,259,303
Total 3,497,452 1,217,805 143,321 4,858,578

Table notes 2

The dash means that the amount is 0 or is rounded to 0.

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