Contractual rights

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Contractual rights are rights to economic resources arising from contracts or agreements that will result in both an asset and revenue in the future. These contractual rights can be classified into four categories: sales of goods and services, leases of property, royalties and revenue/profit-sharing arrangements and others.

All contractual rights of $10 million or more per contract or per portfolio of agreements that are similar in nature outstanding at year-end are reported.

In accordance with the government's significant accounting policies, the contractual rights of consolidated Crown corporations are included with those of the government.

Table 11.5
Sales of goods and services, leases of property, royalties and revenue/profit-sharing arrangements and other contractual rights as at March 31, 2020
(in millions of dollars)
  Outstanding revenueLink to footnote 1 Outstanding revenue to be earned by March 31
2021 2022 2023 2024 2025 2026 and subsequent years
Sales of goods and services
Environment and Climate Change
Department of the Environment 24 15 9 – – – –
Global Affairs
Canadian Commercial Corporation 53 17 12 9 6 4 5
Innovation, Science and Economic Development
Canadian Tourism Commission 10 10 – – – – –
Public Safety and Emergency Preparedness
Royal Canadian Mounted Police 33,063 2,373 2,438 2,504 2,572 2,643 20,533
Total—Sales of goods and services 33,150 2,415 2,459 2,513 2,578 2,647 20,538
Leases of property
Canadian Heritage
Canadian Broadcasting Corporation 415 10 10 10 11 10 364
National Capital Commission 132 20 1 2 2 2 105
Environment and Climate Change
Parks Canada AgencyLink to footnote 2 213 9 10 9 9 9 167
Innovation, Science and Economic Development
National Research Council of Canada 14 3 3 3 4 1 –
Public Services and Procurement
Department of Public Works and Government Services 10 1 – 1 – 1 7
Transport
Department of TransportLink to footnote 3 2,055 86 472 486 501 510 –
Total—Leases of property 2,839 129 496 511 527 533 643
Royalties and revenue/profit-sharing arrangements
Innovation, Science and Economic Development
National Research Council of Canada 32 5 4 3 2 2 16
Total—Royalties and revenue/profit-sharing arrangements 32 5 4 3 2 2 16
Other
Agriculture and Agri-Food
Department of Agriculture and Agri-Food 156 30 24 20 12 12 58
Environment and Climate Change
Parks Canada AgencyLink to footnote 2 16 3 3 3 3 3 1
Families, Children and Social Development
Department of Employment and Social Development 370 370 – – – – –
Innovation, Science and Economic Development
Department of Industry 139 15 15 14 14 13 68
National Defence
Department of National Defence 31 – – – – – 31
Natural Resources
Department of Natural Resources 311 15 14 14 14 13 241
Total—Other 1,023 433 56 51 43 41 399
Contractual rights subject to non-disclosure clauses 174 2 2 2 2 2 164
Total 37,218 2,984 3,017 3,080 3,152 3,225 21,760

In addition to the contractual rights presented in Table 11.5, the Parks Canada Agency has agreements that entitles it to future revenue based on a percentage of revenue or profits of the other party to the agreement, or based on receiving an amount for each unit of goods sold. Revenues have not been estimated due to uncertainty.

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