Financial Review
The financial review presents information supplemental to the financial statements and reports on the organization’s past performance and future prospects.
HIGHLIGHTS AND FINANCIAL RESULTS
ASSISTANCE EXPENSES
ASSISTANCE EXPENSES WERE AT THEIR HIGHEST LEVEL SINCE 2010-2011
OPERATING AND ADMINISTRATIVE
EXPENSES
In 2016-2017, $1.5 million in administrative budgetary savings were transferred to funding programs.
The Corporation has
reduced its operating
and administrative
expenses by
9%
since 2012-2013.
PARLIAMENTARY APPROPRIATION
AND REVENUES
DIVERSIFIED FUNDING
$14.0M
Investment revenues and recoveries were at their highest level in five years.
FINANCIAL STATEMENTS
Financial statements are the responsibility of management and have been approved by the Corporation’s Board of Directors.
The Auditor General of Canada has conducted an independent audit of the financial statements.
