Significant changes to Supplementary Schedules, effective as of March 31, 2011 reporting period
(I) Checklist - Lease Liability Disclosure
> Lease liability disclosure includes completion of the Capital Lease Minimum Payments Schedule.
(II) Sch 1 - Inter entity
> Four new crown agencies are added to the Government Reporting Entity:
> BC Public School Employers' Association
> Community Social Services Employers' Association
> Health Employers Association of BC
> Post Secondary Employers' Association
(III) Sch 2 - Capital Assets
> Contributed (donated) assets with a value greater than $500,000.00 must be disclosed.
Per PSAB 3150.42(c):
Financial statements should also disclose the following information about tangible capital assets:
(c) the nature and amount of contributed tangible capital assets received in the period and recognized in the financial statements;
No significant changes effective as of December 31, 2010, reporting period.
No significant changes effective as of September 30, 2010, reporting period.
Significant changes to Supplementary Schedules, effective as of June 30, 2010 reporting period
(I) Checklist - Guaranteed Debt
> The amount of the Maximum Guarantee is required.
Significant changes to Supplementary Schedules, effective as of March 31, 2010 and prior reporting periods
(I) Checklist - Schedule of Debt Maturity
> The schedule of debt maturity now requires the maturity schedule for all of the categories of debt reported
on Schedule 3 - Debt.
> Please note that each individual category and the grand total must match to Schedule 3.
YES or NO fields on the debt maturity schedule and on the cover page indicate whether these are reconciled.
> The total weighted average effective rate will calculate automatically.
> Information about foriegn currency denominated debt is reported in a separate section.
> Details about capital lease liabilities are required.
(II) Schedule 4 - Deferred Contributions
> Beginning at year-end, FY10, we are expanding the recording of deferred contributions to include:
> Transfers to or from the deferred contributions accounts are recorded separately. This includes all
deferred contributions (DCC Provincial, DCC Non-Provincial, DCC Federal, DOC Provincial, DOC Non-
Provincial, and DOC Federal).
Please provide an explanation for the transfers to or from the deferred contributions accounts.
> All Federal deferred contributions are recorded separately, including new contributions and those
previously recorded as DCC non-provincial or DOC non-provincial.
> Contributions related to "Federal Infrastructure Programs" are entered separately on Schedule 4
(except as noted on Schedule 4).
(III) Schedule 1
> Three Health organizations and related accounts have been added to the Government Reporting Entity:
> BC Academic Health Council
> BC Health Services Purchasing Organization
> Shared Services Organization Administration Society
(IV) Checklist - Financial Instruments
> A new table has been added for the details of any derivatives reported. An example has been
provided below this table.
Significant changes to Supplementary Schedules, effective as of December 31, 2009 and prior reporting periods
(I) Checklist - Must Complete
>Removed old Note 5 - Financial Instruments and added new Note 5 - Financial Instruments.
>Two new sections have been added for Note 8 - Long Term Investments, to report information for: write-downs
of permanently impaired assets; and investments that meet the PSAB definition of temporary investments.
PSAB Section 3040.09 - .11 provides the guidance for permanent impairment:
A loss in value of a portfolio investment that is other than a temporary decline occurs when the actual value of the
investment to the government becomes lower than the carrying value and the impairment is expected to remain for
.09 a prolonged period.
A decline in market value may be only temporary in nature or may reflect conditions that are more persistent.
Declines may be attributable to general market conditions that reflect prospects of the economy as a whole or
prospects of a particular industry. Such declines may or may not indicate the likelihood of ultimate recovery of the
carrying amount of an investment. A decline in quoted market value below carrying value of an investment with a
fixed maturity amount may be considered temporary unless it is anticipated that the investment will be disposed of
.10 before it matures or that the carrying value may not be realizable.
A loss in value of a portfolio investment that is other than a temporary decline is obvious in some cases, such as
bankruptcy or an agreement to sell an investment at an amount which will result in a loss. In less obvious
.11 situations, impairment of the value of an investment may be indicated by conditions such as:
(a) a prolonged period during which the quoted market value of the investment is less than its carrying value;
(b) severe losses by the investee in the current year or current and prior years;
(c) continued losses by the investee for a period of years;
(d) suspension of trading in the securities;
(e) liquidity or going concern problems of the investee;
(f) the current fair value of the investment (e.g., an appraisal) is less than its carrying value.
However, when a condition, indicating that an impairment in value of a portfolio investment may have occurred,
has persisted for a period of three or four years, there is a general presumption that there has been a loss in value
which is other than a temporary decline. This presumption can only be rebutted by persuasive evidence to the
contrary.
>New Inventory Note 19 has been added, to comply with CICA Handbook Section 3031.
(II) SFP
>Added a comment about where GST should be included.
(III) Inter-Entity Detail Tab
> Fraser Region Interim Aboriginal Authority was wound up during fiscal 2009.
> Vancouver Island Aboriginal Transition Authority was wound up during fiscal 2009.
> Five colleges became universities effective September 1, 2008
> Capilano College became Capilano University
> Emily Carr Institute of Art & Design became Emily Carr University of Art & Design
> Kwantlen University College became Kwantlen Polytechnic University
> University College of the Fraser Valley became University of the Fraser Valley
> Malaspina University-College became Vancouver Island University
> The Open Learning Agency was changed to the Knowledge Network Corporation in fiscal 2009.
(IV) Sch 2 - Capital Assets
> Added "Transfers to (from) GRE" (columns G & N)
> Added the following capital asset categories:
> Land Improvements WIP (row 12)
> Buildings under Capital Lease WIP (row 18)
> Highways under capital lease (row 35)
(V) Sch 4 - Deferred Contributions
> Added section to report Deferred Capital Contribution - Federal
Beginning in Q3, FY 2010 we will be tracking all Federal deferred capital contributions separately. This includes
new contributions and those previously recorded as DCC non-provincial.
Detailed Financial Statements
and other Schedules
Version Update: September 2011
Name of entity:
Period Covered: Please complete period covered
Date completed:
Contact name:
Contact's position:
Contact number:
Contact email:
Fax number:
Entity's website address:
Senior Financial Officer:
The Senior Financial Officer of the organization (Vice-President Finance) must see this report
and approve it. The submission of this report to the Office of the Comptroller General will be taken as
evidence that the SFO has approved this report.
Audit firm name:
Information not
Auditor's name:
Required for
Auditor's phone number:
Quarterly reports
Auditor's email:
Government Accounting policies and definitions can be found under Note 1 of the latest provincial Public Accounts.
Once completed please email to Summary@gov.bc.ca
Notes and Comments:
Balanced? Yes
Equity matched? Yes
Debt schedules
reconciled?
(for year end only) Yes
Entity Name
Contents and Instructions
Purpose of Report
h The information contained in this report is used by the Office of the Comptroller General (OCG) to prepare the province's
financial reports, such as the Public Accounts and the quarterly actual results. The financial information you input on the
various statements and schedules is linked to a worksheet containing our chart of accounts. The data is then imported into
our accounting working paper program, for consolidation into the government reporting entity (GRE). A description of the
consolidation methods can be found in the Definitions contained in the Public Accounts.
Before Starting to Prepare the Schedules and Statements
h Please ensure that you complete the Cover Sheet.
-The Cover Sheet is linked to all the Schedules and Statements and will ensure your organization's name and the period
covered is shown on each of the pages of the report.
h The audit firm information is only required at year end.
Input of data
h OCG will create a file to import the information contained in this report directly into its accounting working paper
consolidation program.
-The information you complete on the Statements and Schedules is linked to the OCG Use Only worksheet, which in turn is
linked to OCG's Chart of Accounts.
-To ensure that data is imported correctly, please:
a)Report all debits as positive numbers and credits as negative numbers. Fields in blue are normally a debit (positive)
balance and fields in red are normally a credit (negative) balance. Fields in grey are protected and the data comes from
formulas or from the indicated schedule.
b)Report all items in thousands of dollars.
c)Report all figures on a gross basis.
h It is also important that the statements be balanced, and that equity on the Statement of Financial Position match equity
reported on the Statement of Operations.
-The Cover Sheet includes formulas which will indicate either "Yes" or "No". After completion of the report, you should
check the Cover Sheet to ensure that "Yes" is indicated to both criteria. If "No" is indicated, you will need to review and
revise your data input.
h Please do not use decimal points or input amounts by calculating as a percentage. This will result in an out-of-balance
notification on the Cover sheet, even though the statements or schedules may appear balanced. We cannot import your
information if there is an out-of-balance notification.
Completion of Supplementary Schedules
h Complete all the Supplementary Schedules prior to preparing the Statement of Financial Position and the Statement of
Operations.
- Most of the Schedules are linked to these two statements and this will allow you to easily identify those areas of the
Statements where you will be directly entering financial information.
Checklist of additional reporting requirements
h This checklist must be completed.
-Some information previously contained in schedules to this report is now included in this checklist, together with additional
reporting requirements.
-Certain of the reporting requirements are only needed at the province's fiscal year-end (March 31) and this has been
indicated. All other information is required for quarterly reporting purposes.
h The information requested in this checklist is required for note disclosure purposes, or to complete debt and other schedules
in the province's financial reports.
-If applicable, your organization might also need most of this information for your own note disclosure.
-The Office of the Comptroller General may not obtain complete notes until your organization's year-end audited statements
are received, which does not provide us with the information we need on a timely basis for provincial note disclosure.
h This report is normally submitted on a quarterly basis, and with your draft financial statements. We do not require re-
submission with your audited statements.
-For Public Accounts purposes, if the information contained in this checklist changes materially after the date you submit
your draft reports (usually third week in April), and prior to completion of the Public Accounts (usually May 30), please revise
the checklist and re-submit this report to OCG with a note that you have revised the checklist only.
Statement of Financial Position
h This statement includes information required to consolidate your organization's Statement of Financial Position (or Balance
Sheet) with the province's for inclusion in the Public Accounts and quarterly reports.
-It will enable OCG to identify balances that will be eliminated in the consolidation of the GRE and provide detail required for
any accounting policy adjustment.
-Accounting policy adjustments are journal entries entered into the province's books to conform your organization's
accounting policies with those of the province. Differences may arise as a result of generally accepted accounting principles
(GAAP) followed.
-Crown corporations generally follow the Canadian Institute of Chartered Accountants Handbook GAAP, while the province
follows the Public Sector Accounting Board Handbook GAAP for senior governments.
h Where a schedule number is indicated in the "Schedule" column, the information for that particular item will link
automatically from the indicated schedule.
h Refer to the "OCG Comments" column for additional instructions or definitions regarding specific line items.
6
Entity Name
Contents and Instructions
Statement of Operations
h As with the Statement of Financial Position, this statement will be consolidated with the province's operating results, and
provides OCG with the information required to properly complete this consolidation.
h This statement also includes a section "Explanation of adjustments to Equity" which must be completed if there have been
Prior Period Adjustments or Other Adjustments to equity reported on the Statement of Operations.
-Explanations are necessary, as OCG must disclose these items in notes to the province's financial statements.
-As well, there are differences in accounting policies between GAAP followed by Crown corporations (CICA Handbook
GAAP) and the province (PSAB Handbook GAAP), and these equity adjustments may require that OCG enter an accounting
policy adjustment in the province's statements.
h This statement also includes an expense section "Expense due to valuation allowance".
-The OCG Comments column provides a short description of the type of valuation allowance to be reported.
-This information is required for note disclosure in the Public Accounts in accordance with GAAP requirements.
h Refer to the "OCG Comments" column for additional instructions or definitions regarding specific line items.
Schedule 1 - Inter-Entity accounts
h This schedule allows you to report inter-entity asset, liability, revenue and expense transactions (excluding transactions
directly with the province).
-Data input into this schedule will automatically link to the relevant statement. The materiality level for transactions to be
reported is noted on the schedule.
h A complete listing of Crown corporations that are included in the GRE is provided.
-This listing is subject to change as entities are added and removed. If you are in any doubt as to whether or not to report a
transaction, please contact OCG at the email address noted below.
h Transactions with the province should be reported directly on the Statement of Financial Position or Statement of
Operations, as applicable.
h Transactions with the colleges, universities, school districts and hospital societies are summarized on this schedule.
-The summarized information is linked from Schedule 1a. If you have transactions with any of these organizations, please
complete Schedule 1a.
Schedule 1a - Inter-Entity accounts with Colleges, Universities, School Districts and Hospital Societies
h This schedule provides a listing of the colleges and institutes, universities and hospital societies.
h If you have transactions with school districts to report, please complete the School District name or # where indicated.
-Due to the number of school districts, we have not listed them individually to keep the schedule as short as possible.
Schedule 2 - Capital Assets
h Capital Assets must be reported in the categories shown on Schedule 2.
h Please ensure any information regarding additions, disposals and valuation adjustments is entered in the applicable
columns. The total of the valuation adjustments will automatically link to the Expense due to valuation allowance section of
the Statement of Operations.
h Transfers to(from) WIP must equal zero - an ERROR message will show if they do not.
h Work-in-progress and capital leases must be reported separately on this Schedule.
-This information is required to complete note disclosure in the Public Accounts, as included in the footnotes on the
Statement of Tangible Capital Assets.
Schedule 3 - Debt
h This schedule allows you to report your organization's debt in the categories required by Provincial Treasury. OCG will
forward this report to Provincial Treasury for their use in preparing their debt reports.
h Direct debt with the province is reported as a separate category.
-Please complete this category as accurately as possible, as OCG must reconcile this information with the province's
reported loan to you.
-On consolidation, direct debt to the province reported by your organization must be eliminated against the province's loan to
your organization, therefore the amounts must match.
h Closing net debt will automatically link to the Statement of Financial Position.
h Earnings on sinking funds and premiums on debt issues amortized will automatically link to the revenue section of the
Statement of Operations.
h Interest expense for the year and Other Adjustments to interest expense will automatically link to the expense section of the
Statement of Operations.
-Other Adjustments to interest expense are infrequent, and a description of the adjustment should be included on the
schedule.
h The final section of this report calculates debt servicing costs as reported according to provincial debt accounting policies.
-Provincial debt servicing cost is calculated as interest expense plus debt discount amortization, less debt premium
amortization and less sinking fund earnings.
-Other Adjustments to interest, if any, will be reviewed to determine how they should be included in the province's financial
statements.
7
Entity Name
Contents and Instructions
Schedule 4 - Deferred Contributions
h This schedule provides the breakdown of Deferred Contributions from the province, and Deferred Contributions from non-
provincial sources.
h When consolidating your report with the province's statements, OCG must eliminate Deferred Contributions from the
province against the related transactions in the province's books.
-It is important that information provided be accurate and complete to allow a reconciliation of the province's transactions
with your records.
-It is also important that this section contain ONLY deferred contributions from the province.
h As indicated on the schedule in the Deferred Contributions - Non-provincial sources section, if you have included any funds
whose use was not restricted by the provider of the funds, please provide a short description of the source, purpose and
amounts of these funds.
-A policy adjustment may need to be done by OCG, as GAAP only allows the reporting of externally restricted deferred
contributions.
h Unearned lease revenue and other miscellaneous deferred revenue should be reported directly on the Statement of
Financial Position in the Deferred revenue section.
-We do not need a breakdown of the Contributions Received and Transfers to revenue for these categories. You should
include the transfers to revenue in the appropriate revenue category of the Statement of Operations.
Schedule 5 - Variance Analysis
h Please provide a brief description of any material variances. Detailed analysis is not required.
-Materiality should be assessed in relation to your organization's reported financial information.
Schedule 6 - Transactions with Self-supported Crown Corporations and Agencies
h This schedule is used to capture information relating to transactions with Self-supported Crown Corporations and Agencies
that are reported in various notes to the Public Accounts. It does not link to any of the statements.
Submission of Report
h Once completed, please submit this report to OCG at the email address provided.
-A calendar of due dates is provided to all Crown corporations each year.
-If you are uncertain as to reporting dates, or have not received a copy of the calendar, please contact OCG.
h In order for OCG to meet the statutory requirements for release of quarterly reports and the Public Accounts, it is important
that this report be submitted, as completely and accurately as possible, on or before the due date.
-If you have experienced unusual circumstances which might result in a delay in submission of this report, please contact
OCG in advance of the due date.
h As the Cover sheet indicates, submission of this report to OCG will be taken as evidence that the senior financial officer of
your organization has approved the report.
h Prior to submission, please check the Cover Sheet to ensure that "Yes" is indicated to both the "balanced" and "equity
matched" criteria. If "No" is indicated, you will need to review and revise your data input prior to submission.
Questions? Comments? Suggestions?
Please contact OCG at Summary@gov.bc.ca.
8
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
1. Full time Equivalent (FTE) Employment
FTE employment provides information on your organization's annual staff utilization, as defined by the Budget
Transparency and Accountability Act , and is included in the province's financial reports, including the Estimates and
the Public Accounts.
-The term "fulltime equivalent" is defined as the employment of one person for one full year or the equivalent thereof
(for example, the employment of two persons for six months each).
-FTEs are calculated by dividing the total hours of permanent, auxiliary, temporary, seasonal and overtime
employment paid for the fiscal year by the normal paid working hours for one fulltime equivalent employee for one
year.
-Employees whose salaries are included in the cost of capital projects are not counted as FTEs in order to maintain
consistency between salary expense and FTEs.
In the boxes provided, please state the number of:
- Actual FTEs
- Budgeted FTEs as submitted to Treasury Board Staff
2. Changes in Accounting Policies
Has your organization made any accounting policy changes since your last report to
OCG?
Yes. If yes, please provide brief description and impact on your financial
No
Description and impact of change on both current year and prior year
9
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
3. Contingent Liabilities
A contingent liability arises from an existing condition or situation from which, upon the occurrence or non-occurrence
of one or more future events, a loss may arise. This applies to circumstances where the existence of a loss is
uncertain, not merely where the amount of a loss is uncertain. Contingent liabilities may arise from, for example,
pending or threatened litigation, threat of expropriation of assets, arbitration, responsibility for environmental clean-up,
and guarantees of the indebtedness of others.
Does your organization have any contingent liabilities?
Yes. If yes, please provide information requested below.
No
Description and amount of contingent liability. Include details of any amounts accrued in
your financial statements.
Probability of occurrence
highly likely that loss will occur (greater than 70% probability)
not likely that loss will occur (less than 70% probability)
likelihood of loss not determinable
Note disclosure of the contingent liability will be included in the Public Accounts
where applicable. If the probability of occurrence is (a) highly likely, but the amount
of the loss cannot be reasonably estimated; or (b) highly likely and an accrual has
been made, but there exists an exposure to loss in excess of the amount accrued;
or (c) not determinable, then note disclosure is likely to be made. Materiality and
confidentiality of the contingent liability will be assessed in determining whether to
disclose.
4. Guaranteed Debt
Disclosure of any debt of external third parties guaranteed by your organization is required for the province's financial
reporting purposes. The Public Accounts includes a Statement of Guaranteed Debt in its note disclosure section. In
addition, although guaranteed debt is not reported as a liability in the Summary Financial Statements, Provincial
Treasury includes guaranteed debt in its calculation of provincial net debt.
Does your organization guarantee the debt of any external third parties?
Yes. If yes, please provide brief description.
No
Description of guaranteed debt. Please include program guarantee issued under, amount
and date of initial guarantee, amount outstanding, maximum guarantee, and any provision
for probable payout recorded.
10
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
5. Financial Instruments - Continuity Schedule
Implemented CICA - Accounting Handbook
Section 3855 , Financial Instruments - Recognition and Measurement;
Section 3865, Hedges; and Section 1530 Comprehensive Income.
Note: please only include information for the fiscal years after these sections were adopted.
In $ thousands
Fiscal 2010/11
Post here the information from the March 31, 2011 Appendix C Fiscal 2011/12
Financial Instrument - Cumulative Cumulative
Curr Yr Curr Yr
Description of Asset, Liability, Original Cost FMV Unrealized Original Cost FMV Unrealized
Gain/Loss Gain/Loss
Hedge or Derivative Gain/Loss Gain/Loss
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0 0 0 0 0 0 0
In $ thousands
Financial Instruments - Journal Entries
Use Account Description from the AppC SFP & SO 2010/11 2011/12
Make sure journal entry balances 0 0
11
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
If the notes to your financial statements do not provide information about the financial instrument, how the fair values have
been determined and how they are used in risk management; please provide the details below.
Indicate the accounting treatment of fees and costs incurred in the exchange or modification of a financial liability.
Did your organization expense the fees and costs?
Yes. If yes, please provide the additional information in the above journal table
No
Did your organization defer and amortize fees and costs incurred in the exchange or modification of a financial liability?
Yes
No
Financial Instruments - Derivatives Disclosure
If your organization has derivatives please complete this table for each derivative. If more room is required please use the Notes and Comments page.
Financial Instrument - Maturity Date Counterparty Counterparty Fixed Rate Floating Fixed Interest Floating Current Market Currency Other comments
Description of Derivative Credit Rating Payer Rate Payer Rate Interest Notional Value
Rate Amount
Example of how to complete
this table:
Interest Rate Swap Feb 2017 Any Bank AA-/Aaa Your Any Bank 0.0453 3 mo CAD $ 4,000,000 $ 40,000 CAD Notional Amt is declining balance to
Organization BA - .35% match LT Debt outstanding
12
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
6. Sale Leaseback Transactions
Has your organization entered into any sale-leaseback transactions since April 1, 2011?
Yes. If yes, please provide the information requested below.
No.
In $ thousands
Capital or Pre-transaction
Name of Percentage of asset Fair Value of Sale transfer Lease
Sale-Lease Back Asset Operating asset carrying Post-transaction
purchaser/lessor leased back Asset price value asset carrying
Lease value
value (for capital
lease)
Gains/ (Losses)
Recognized Gains/ (Losses) Deferred
7. Temporary Investments
If you have reported temporary investments on line 18 of the Statement of Financial Position, the following breakdown
of the amount reported is required: Report in $ 000s.
Investment Description Cost Market Value Maturity Date
Total - -
13
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
8. Long Term Investments
If you have reported investments on lines 45-49 of the Statement of Financial Position, the following breakdown of the
amount reported is required: Report in $ 000s.
Cost Market Value Maturity Date (range) Yield (range)
Bonds federal
provincial
municipal
corporate
other
Commercial loans
Equity Investments
Pooled Investment Portfolios
Other (please provide details below)
Total - -
Details of Other Long Term Investments
If you have reported investments above for which there was a write-down that would be considered permanent under
Public Sector Accounting Standards,
please list the investment and the amount of the write-down. PSAB guidance is included on the Change worksheet.
If you run out of space in this area please include the rest of the information in the notes and comments tab.
Name of Type of Amount of write- Notes
Please list any long-term investments presented above that have a maturity date that meets the definition of "temporary
investment" as defined by the
Public Sector Accounting Standards (investments that are transitional or current in nature).
Cost Market Value Maturity Date (range) Yield (range)
Bonds federal
provincial
municipal
corporate
other
Commercial loans
Equity Investments
Pooled Investment Portfolios
Other (please provide details below)
Total - -
14
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
9. Sinking Fund Investments
If you have reported sinking fund debt on lines 18-23 of Schedule 3 - Debt, the following breakdown of the amount
invested is required: Report in $ 000s.
Cost Market Value Maturity Date (range) Yield (range)
Bonds federal
provincial
municipal
corporate
other
Pooled Investment Portfolios
Miscellaneous
Total (cost equals line I23 on Sch 3 - Debt) - -
10. Accrued Employee Leave Entitlements
Please provide a breakdown of the amount reported for accrued leave liability for the
years ended March 31, 2011 and March 31, 2012.
Balance ($ in thousands)
2012 2011
Accrued Vacation Entitlement
Accrued Sick Bank Liability
*Other Accrued Compensatory time off, liability
Accrued WCB liability
Accrued Retirement Allowance Liability
Accrued Long-Term Disability Liability
Total Accrued Employee Leave entitlements 0 0
> Current year balance linked to SOFP C68 "Accrued Employee Leave Entitlements"
*Other Accrued Compensatory time off (CTO), liability
Include CTO, unused overtime, earned time off, Shift &Standby overtime, Overtime in lieu
15
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
The following items are required at year end (March 31) only:
11. Loans, Advances and Mortgages Receivable
Disclosure of details of loans, advances and mortgages receivable greater than $10 million is included in the notes to
the Public Accounts. Disclosure of the range of terms and interest rates is also included for all mortgages receivable,
regardless of amount. If your organization has included this information in the notes to your prior year's audited
statements, and there have been no changes, please indicate this in the box below. OCG will use that information to
prepare the Public Accounts note disclosure - you do not need to repeat it here.
Has your organization reported any loan or advances over $10 million?
Yes. If yes, please provide brief description.
No
Description of loans and advances. Include terms, interest rate, maturity date, valuation
(e.g., lower of cost or net realizable value, etc.), any provision for loss, etc.
Has your organization reported any mortgages receivable?
Yes. If yes, please provide brief description.
No
Description of mortgages receivable. The term, maturity date and interest rate is required
for all mortgages receivable. A more complete description of mortgages receivable over $10
million should be provided.
16
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
12. Contractual Obligations
Please click on the following
Contractual Obligations - Disclosure Requirements
link for further instructions:
Contractual obligations that relate to future operations in the entire government reporting entity (GRE), with details about timing of payments by sector, will be disclosed
in the notes to the Public Accounts. Please enter details of contractual obligations that are valued at $50 million or more.
Contractual obligations are:
-Obligations of a government to others that will become liabilities in the future when the terms of those contracts or agreements are met; are distinct from liabilities as
there has been no past transaction or event obligating the government to a future sacrifice of economic benefits at the financial statement date. Until a transaction or
event occurs under a contract, a government does not have a liability. Disclosure of information about contractual obligations relates to the unperformed portion of those
contracts;
-Distinct from contingent liabilities, as there is no uncertainty related to the contractual obligation's existence.
Does your organization have any contractual obligations or groupings of like contracts that are valued at $50 million or more?
Yes. If yes, please provide information requested below.
No
Description, amount and timing of contractual obligations ( $ in
thousands )
April 1, 2017
Contract Description 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 and beyond Totals
-
-
-
-
-
-
Total - - - - - - -
13. Commitments
Disclosure of commitments for capital projects (other than contractual obligations listed in item 11 above) greater than
$50 million is required for the Public Accounts.
Yes. If yes, please provide brief description and anticipated value.
No
Description of commitment.
17
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
14. Measurement Uncertainty
When there are estimated amounts recognized or disclosed in the financial statements and there are other reasonably possible amounts likely in the near
term (within one year), and that potential variability is significant (over $10 million or otherwise significant to the organization) the measurement
uncertainty needs to be disclosed in the Summary Financial Statements per PSAB section 2130
Please click on the following
Measurement Uncertainty Disclosure Requirements
link for further instructions:
Please list below any recognized or disclosed item or items that are similar in nature (i.e. group of similar items within a category) and have
an estimated variance (the difference between minimum and maximum possible amounts) that is individually or collectively greater than
$10 million.
Report in $ Thousands and Only Amounts over $10 million.
Description Measurement Uncertainty
Variance
Possible Amounts
> 10 million
Type of item
(difference
that has Actual Amount
Recognized (R) or Reason for material between min.
material Recognized or Minimum Maximum
Disclosed (D) uncertainty and max.
measurement Disclosed
amounts)
uncertainty ***
-
-
-
-
-
-
-
-
-
15. Tangible Capital Assets - Useful Life
Disclosure of the estimated useful life of the more common tangible capital assets is required for the Public Accounts. If you have reported capital assets
in Schedule 2 to this report, please complete the following table. OCG will compare your information with the ranges provided in the notes to Public
Accounts to ensure the disclosure is accurate. Please report useful lives for the same categories as you report in Schedule 2.
Estimated useful life of:
Buildings
Computer
Hardware
Computer
Software
Vehicles
Office furniture
and equipment
Heavy machinery
and equipment
Transportation
equipment
(transportation
sector Crown
corporations
only)
Highway
infrastructure
(transportation
sector Crown
corporations
only)
18
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
16. Subsequent Events
Events that occur subsequent to the province's year-end (March 31) and prior to the completion of the Public Accounts
(estimated May 30) must be communicated to the OCG to assess the need for note disclosure or possible accrual.
Have any subsequent events occurred since March 31?
Yes. If yes, please provide brief description.
No
Description of event, including any amounts reported in your financial information.
19
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
17. Schedule of Debt Maturity
A schedule of debt maturity is required for disclosure in the Public Accounts and for other provincial debt reporting. Please complete the following schedule in $ CAD thousands. Please ensure the correct weighted average effective interest rate is included for every maturity disclosed. Please see the
examples below for the weighted average effective rate calculation samples. The grand total of gross debt, sinking funds and unamortized discount / premium must equal the total of net debt on Schedule 3. Enter all amounts in the same sign as Schedule 3.
Borrowing direct from the Province Mortgages Borrowed from Related Borrowed from non-related, Capital leases, guaranteed by Capital Leases, not Borrowed from non-related, TOTAL
Organization guaranteed by the province the province guaranteed by the province not guaranteed by the
province
A Year of Gross Maturity Weighted Average Gross Maturity Weighted Average Gross Maturity Weighted Gross Maturity Weighted Gross Maturity Weighted Gross Maturity Weighted Gross Maturity Weighted Total Gross TOTAL
Maturity 1 1 Average Average Average Average Average Maturity Weighted
Effective Rate Effective Rate
Effective Rate 1 Effective Effective Effective Effective Average
Rate 1 Rate 1 Rate 1 Rate 1 Effective Rate 1
$ Percent $ Percent $ Percent $ Percent $ Percent $ Percent $ Percent $ Percent
2012-2013 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2013-2014 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2014-2015 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2015-2016 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2016-2017 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2017-2018 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2018-2019 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2019-2020 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2020-2021 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2021-2022 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2022-2023 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2023-2024 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2024-2025 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2025-2026 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2026-2027 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2027-2028 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2028-2029 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2029-2030 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2030-2031 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2031-2032 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2032-2033 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2033-2034 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2034-2035 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2035-2036 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2036-2037 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2037-2038 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2038-2039 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2039-2040 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2040-2041 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2041-2042 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2042-2043 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2043-2044 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2044-2045 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2045-2046 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2046-2047 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2047-2048 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2048-2049 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2049-2050 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2050-2051 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2051-2052 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2052-2053 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2053-2054 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2054-2055 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2055-2056 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2056-2057 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2057-2058 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2058-2059 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2059-2060 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2060-2061 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2061-2062 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
2062-2063 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
Grand Total - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
0.00%
Sinking Fund 0 0 0 0 0 0 0 0
Unamortized
discount / premium 0 0 0 0 0 0 0 0
Net Debt 0 0 0 0 0 0 0 0
Matches Sched. 3 YES YES YES YES YES YES YES YES
1
The balances and interest rates above reflect the impact of the related derivative contracts.
20
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
B Foreign Denominated Debt
Does your entity have any foreign denominated debt?
Yes. If yes, please provide brief description.
No
Description of foreign denominated debt. Please include the gross foreign debt, maturity date, effective interest rate, any related unamortized discounts and/or sinking funds, and the type of debt (i.e. the column it is
included in in the above Schedule of Debt Maturity). Please provide each amount in both the base foreign currency and the Canadian equivalent.
Examples for weighted average effective rate:
Outstanding debt to be matured in 2012/13
Par Rate Interest
Bond (100,000,000) 10% (10,000,000) assuming this foreign bond's CAD equivalent par is $100 million
Bond (50,000,000) 3.00% (1,500,000) assuming this bond has a derivative contract attached and paying 3%
Total (150,000,000) (11,500,000)
7.67%
Lease (10,000) 8% (800) assuming 10,000 is the portion of a capital lease that pay down in 12/13
Lease (12,000) 13% (1,560) assuming 12,000 is the portion of a capital lease that pay down in 12/13
Total (22,000) (2,360)
10.73%
Mortgage (50,000) 10% (5,000) assuming 50,000 is the portion of a mortgage that paydown in 12/13
Mortgage (20,000) 6% (1,200) assuming 20,000 is the portion of a mortgage that paydown in 12/13
Total (70,000) (6,200)
8.86%
TOTAL (150,092,000) (11,508,560)
7.67%
C Lease Liability Disclosure
If your entity is reporting capital lease liabilities, please
indicate for each lease the description, term, and interest rate.
Description of lease Begin Expiry Interest rate Comments
mm/dd/yyyy mm/dd/yyyy
21
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
Lease Liability Minimum Payments Schedule
These schedules break down the present value of the capital lease liability as reported in the financial statements
into minimum lease payments, interest, and operating costs if applicable.
Please aggregate leases so they match the "guaranteed" or "not guaranteed" categories
reported on the debt schedule for fiscal 2012.
The present value (PV) must match the total reported for fiscal 2012 capital lease liability on the debt schedule.
Capital leases guaranteed by the province
Year ending March 31 (enter as negative):
In $ thousands
2013
2014
2015
2016
2017
Thereafter
Total minimum lease payments -
Less: interest (enter as positive)
Less: operating costs (enter as positive)
PV of net minimum capital lease payments $ -
Enter the closing net debt of capital leases guaranteed by
the province on the 2012 debt schedule
Check figure should = 0 -
Capital leases not guaranteed by the province
Year ending March 31 (enter as negative):
In $ thousands
2013
2014
2015
2016
2017
Thereafter
Total minimum lease payments -
Less: interest (enter as positive)
Less: operating costs (enter as positive)
PV of net minimum capital lease payments $ -
Enter the closing net debt of capital leases not guaranteed by
the province on the 2012 debt schedule
Check figure should = 0 -
22
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
18. Asset Retirement Obligations
Does your organization have any asset retirement obligations?
Yes
No
If yes, are the asset retirement obligations estimable?
Yes. If yes, please provide description and balances requested below.
No. If no, please provide information on the inability to estimate the liability requested below.
GAAP requires your organization to provide a general description of the asset retirement
obligation and the related long lived assets. Also, you need to list the key assumptions
assumptions made when calculating the asset retirement obligation. This includes the
total undiscounted cash flows required to settle the obligation (or a range), the expected
timing of payments (or a range) and the credit adjusted risk free rate.
Description of asset retirement obligations:
Balance at March 31st ($ in thousands)
2012 2011
Opening asset retirement obligation
- additional liability incurred during the year (+)
- liability settled during the year (-)
- change in estimate (+)(-)
- accretion expense
Ending asset retirement obligation 0 0
If the fair value of the Asset Retirement Obligation of your organization can not be
reasonably estimated, then GAAP requires you to explain the reason(s) why.
Information on the inability to estimate specific asset retirement obligations:
23
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
19. Inventory
Please group similar inventory items with the same accounting policy for cost into high level general description categories.
If you have reported inventory on line 37 of the Statement of Financial Position, the following additional information is required: Report in
2011/12 2010/11
Total Amount
Recognized
Total Amount
as an Expense
Accounting Recognized as an
During the
Policies for Expense During
Year (Total
Held for Sale Cost (FIFO, the Year (Total Net
Net Realizable Cost of Sales
Inventory Weighted Cost Cost of Sales Cost Realizable
Value Including
Description Average, or Including Effects Value
Effects of
Specific of Write-downs
Write-downs
Identification) and Reversals of
and Reversals
Write-downs)
of Write-
downs)
Total 0 0 0 0 0 0
2011/12 2010/11
Write-downs Reversals of Write-downs
Reversals of Write-
Recognized Write-downs Recognized
Held for Sale downs Recognized
as an Increase Recognized as a as an Increase
Inventory as a Decrease in
in Expense Decrease in in Expense
Description Expense During
During the Expense During During the
the Year
Year the Year Year
Total 0 0 0 0
Reasons for write-downs or reversals of write-downs:
24
Entity Name
0
Checklist - Additional Reporting Requirements
You must indicate yes or no to all questions with an "x" .
Please complete information in the boxes provided.
If you have reported inventory on line 52 of the Statement of Financial Position, the following additional information is required: Report in
2011/12 2010/11
Total Amount
Recognized
Total Amount
Accounting as an Expense
Recognized as an
Policies for During the
Expense During
Held for Use Cost (FIFO, Net Year
Net Realizable the Year (Including
Inventory Weighted Cost Cost Realizable (Including
Value Effects of Write-
Description Average, or Value Effects of
downs and
Specific Write-downs
Reversals of Write-
Identification) and Reversals
downs)
of Write-
downs)
Total 0 0 0 0 0 0
2011/12 2010/11
Write-downs Reversals of Write-downs
Reversals of Write-
Recognized Write-downs Recognized
Held for Use downs Recognized
as an Increase Recognized as a as an Increase
Inventory as a Decrease in
in Expense Decrease in in Expense
Description Expense During
During the Expense During During the
the Year
Year the Year Year
Total 0 0 0 0
Reasons for write-downs or reversals of write-downs:
25
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Please report all items in 000s of dollars.
All figures should be on a GROSS basis.
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Statement of Financial Position
Schedule OCG Comments
Financial Assets Report in 000s
Cash
Includes demand deposits and short-term highly liquid investments that
are readily convertible to cash and that are subject to an insignificant
Cash Equivalents risk of changes in value.
Write downs or write-offs should be reported on Statement of
Operations under Expense due to Valuation Allowance
Temporary investments:
0
Accounts receivable: from the province
trade receivables other
taxes receivable (not included elsewhere)
accrued interest
from Crown corps, gov't orgs, trusts, etc 0 1
from the federal government (current) includes GST credit
from the federal government (long term)
from local governments (current) municipal units established by provincial government, including
from local governments (long term) municipalities, cities, towns, townships, districts and villages
from other provincial governments (current)
from other provincial governments (long term)
Report current year bad debt expense on Statement of Operations
less: provision for doubtful accounts under Expense due to Valuation Allowance
0
Inventory for resale: properties for resale land and buildings for resale
other inventories for resale See Other Assets for inventories that are not for resale.
0
includes repayable advances, accountable advances and employee
Loans and Advances Loans and advances accountable advances
Report current year write downs/-offs on Statement of Operations
less: provision for doubtful loans/advances under Expense due to Valuation Allowance
Mortgages receivable
Report current year write downs/-offs on Statement of Operations
less: provision for doubtful mortgages under Expense due to Valuation Allowance
0
use cost method when no significant influence, control or joint control
Investments Investment in corporations on a cost basis exists
use equity method when significant influence exists without control or
Investment in corporations on an equity basis joint control
Other investments
Report write downs/-offs on Statement of Operations under Expense
Less: provision for doubtful payout due to Valuation Allowance
0
Total Financial Assets 0
26
Please report all debits as positive numbers and credits as negative numbers.
Please report all items in 000s of dollars.
All figures should be on a GROSS basis.
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Statement of Financial Position
Schedule OCG Comments
Liabilities
Payables and accruals trade payables to the province
trade payables other
accrued employee leave entitlements 0 see checklist Note 10
other accrued liabilities (not included elsewhere)
to Crown corps or govenment orgs 0 1
to federal government (current)
to federal government (long term)
to local governments (current) municipal units established by provincial government, including
to local governments (long term) municipalities, cities, towns, townships, districts and villages
to other provincial government (current)
to other provincial government (long term)
0
Accrued interest: on direct debt to province 0 3
on mortgages 0 3
on other debt 0 3
0
Deferred revenue: deferred capital contributions - provincial 0 4
deferred capital contributions - non-provincial other 0 4
deferred capital contributions - Federal 0 4
deferred contributions - provincial 0 4
deferred contributions - non-provincial other 0 4
deferred contributions - Federal 0 4
unearned lease revenue
federal & municipal infrastructure projects BCTFA use only.
other deferred revenue
0
Unfunded pension liability 0
Public debt: direct debt to province 0 3
mortgages 0 3
other debt 0 3
0
Total Liabilities 0
Non-financial Assets
Other assets: inventories - not for resale e.g., inventories of supplies
prepaid program costs
deferred charges
unamortized issue cost of public debt
0
Capital assets: historical cost of tangible capital assets 0 2 Report current year write downs/offs on Statement of Operations
accumulated amortization 0 2 under Expense due to Valuation Allowance
0
Total non-financial assets 0
Accumulated surplus or deficit
Equity: Capital stock
Contributed surplus
Retained earnings
Accumulated other comprehensive income 0
Equity from Statement of Operations
Accumulated surplus Note: Total must match Closing Net Equity from
or deficit Statement of Operations 0 0
27
Please report all debits as positive numbers and credits as negative numbers.
Please report all items in 000s of dollars.
All figures should be on a GROSS basis.
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Statement of Financial Position
Schedule OCG Comments
Notes and Comments:
28
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Please report all items in 000s of dollars.
All figures should be on a GROSS basis.
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Statement of Operations
Report in '000s
Schedule OCG Comments
REVENUE
Grants Direct transfers from the province
Direct transfers from Crown corps or gov't orgs 0 1
Transfers from the federal government
0
Sales of goods and services Sales of goods or services to the province
Sales of goods or services to Crown corp or gov't orgs 0 1
Sales of goods or services to non-related entities
0
Deferred contributions Recognition of Deferred Capital Contributions provincial 0 4
Recognition of Deferred Capital Contributions non provincial other 0 4
Recognition of Deferred Capital Contributions Federal 0 4
Recognition of Deferred Contributions provincial 0 4
Recognition of Deferred Contributions Federal 0 4
Recognition of Deferred Contributions non provincial other 0 4
0
Taxation Taxation - Property Use at OCG request only
Taxation - Social Services Use at OCG request only
Taxation - Other Use at OCG request only
0
Natural resources Natural gas royalties
Petroleum royalties, permits, fees & minerals
Forests
Water resources, Wildlife Act and other
0
Other revenues Fees and licences
Sinking fund earnings 0 3
Recognition of debt premium 0 3
Investment earnings Sinking fund earnings reported separately (see above)
Gain (loss) on sale of tangible capital assets
Miscellaneous
0
TOTAL REVENUE 0
29
EXPENSE
Purchases Purchases from Crown corps or gov't orgs 0 1
Purchases from the province
0
Grants Transfers to Crown corps or gov't orgs 0 1
Grants to third parties
0
Debt expenses Debt service costs (gross of sinking fund investment) 0 3 Interest expense less other adjustments from Schedule 3
Recognition of debt discount 0 3
0
Expense due to valuation allowance
Accounts receivable Bad debt expense
Inventory Write down to lower of cost or net realizable value
Tangible capital assets 0 2 Write downs or write-offs
Loans, advances and mortgages receivable Write downs or write-offs
Investments Write downs or write-offs
Other assets Write downs or write-offs
0
Other expenses Salaries and benefits
Operating expense
Asset amortization expense 0 2 Report asset amortization separately
Cost of goods sold
incremental costs that do not provide future benefit and are a
Restructuring exit expenses direct result of restructuring
expenses which cannot be reasonably allocated to a specific
Other miscellaneous expenses 5 category
0
TOTAL EXPENSE 0
NET LOSS 0
ACCUMULATED SURPLUS OR DEFICIT
Prior year closing equity as reported on your audited
Opening Net Equity (excl. Other Comprehensive Income) statements
Net Income for the Year 0
Prior Period Adjustments (see below) 0
Capital Stock + Contributed Surplus + Retained earnings
from Statement of Financial Position
(must match Closing Net Equity Cell C89)
Other Adjustments to equity (see below) 0
Closing Net Equity (excl. Other Comprehensive Income) 0 0
Prior year closing accumulated other comprehensive
Opening accumulated other comprehensive income income as reported on your audited statements
Accumulated Other Comprehensive Income from
Statement of Financial Position
(must match Closing accumulated other
comprehensive income Cell C93)
Other comprehensive income for the year
Closing accumulated other comprehensive income 0 0
Total Equity from Statement of Financial Position
(must match Closing Net Equity - combined Cell C95)
Closing Net Equity - combined 0 0
Explanation of adjustments to equity Amount Verification
must equal $0
Notes and Comments:
Prior Period Adjustments
Total Prior Period Adjustments Explained 0 $0
Other Adjustments to Equity
Total Other Adjustments to Equity 0 $0
30
Entity Name
0
MATERIALITY LEVEL: $100,000 is the materiality level for recognizing
inter-entity transactions on Schedule 1 and Schedule 1a. If a particular
Please report all debits as positive numbers and credits as negative numbers. transaction type with an individual entity is below $100,000 you do not
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule. need to report the transaction. For example, if Accounts Receivable
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance. from a related entity are $50,000, you do not need to report them;
however, if Accounts Payable from a related entity are over $100,000
you must report them.
Schedule 1 Inter-entity accounts REPORT IN 000s
Accounts Receivable Accounts Payable Revenue - Revenue - Expenses - Purchases Expenses -
from Entity to Entity Direct Transfers from Sales to Entity from Entity Transfers to Entity
Entity
BC Academic Health Council
BC Pavilion Corporation
BC Games Society
BC Health Services Purchasing Organization
BC Immigrant Investment Fund Ltd.
BC Innovation Council
BC Public School Employers' Association
BC Transportation Financing Authority
British Columbia Assessment Authority
British Columbia Enterprise Corporation
British Columbia Housing Management Commission
British Columbia Securities Commission
British Columbia Transit
Canadian Blood Services
Columbia Basin Trust
Community Living British Columiba
Community Social Services Employers' Association
Creston Valley Wildlife Management Authority Trust Fund
First Peoples' Heritage, Language and Culture Council
Forestry Innovation Investment Ltd.
Health Employers Association of BC
Industry Training Authority
Knowledge Network Corporation
Leading Edge Endowment Fund Society
Legal Services Society
Nechako-Kitamaat Development Fund Society
Oil and Gas Commission
Organized Crime Agency of British Columbia Society
Pacific Carbon Trust
Partnerships British Columbia
Post Secondary Employers' Association
Private Career Training Institutions Agency
Provincial Capital Commission
31
Entity Name
0
MATERIALITY LEVEL: $100,000 is the materiality level for recognizing
inter-entity transactions on Schedule 1 and Schedule 1a. If a particular
Please report all debits as positive numbers and credits as negative numbers. transaction type with an individual entity is below $100,000 you do not
Boxes marked in grey are protected and the numbers come from formulas or the indicated schedule. need to report the transaction. For example, if Accounts Receivable
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance. from a related entity are $50,000, you do not need to report them;
however, if Accounts Payable from a related entity are over $100,000
you must report them.
Schedule 1 Inter-entity accounts REPORT IN 000s
Accounts Receivable Accounts Payable Revenue - Revenue - Expenses - Purchases Expenses -
from Entity to Entity Direct Transfers from Sales to Entity from Entity Transfers to Entity
Entity
Provincial Rental Housing Corporation
Rapid Transit Project 2000 Ltd
The Royal British Columbia Museum Corporation
Fraser Health Authority
Interior Health Authority
Northern Health Authority
Vancouver Coastal Health Authority
Vancouver Island Health Authority
Provincial Health Services Authority
Hospital Societies Note 1 0 0 0 0 0 0
School Districts Note 1 0 0 0 0 0 0
Universities Note 1 0 0 0 0 0 0
Colleges and Institutes Note 1 0 0 0 0 0 0
0 0 0 0 0 0
Note 1: This information is transposed from Schedule 1a. Please complete that Schedule if you have transactions with these entities.
Notes and Comments:
32
Entity Name
0
MATERIALITY LEVEL: $100,000 is the materiality level for recognizing
Please report all debits as positive numbers and credits as negative numbers. inter-entity transactions on Schedule 1 and Schedule 1a. If a particular
Boxes marked in grey are protected and the numbers come from formulas. transaction type with an individual entity is below $100,000 you do not
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance. need to report the transaction. For example, if Accounts Receivable
from a related entity are $50,000, you do not need to report them;
however, if Accounts Payable to a related entity are over $100,000 you
Schedule 1a REPORT IN 000s must report them.
Additional detail - Inter-entity accounts
Accounts Receivable Accounts Payable Revenue - Revenue - Expenses - Purchases Expenses -
from Entity to Entity Direct Transfers from Sales to Entity from Entity Transfers to Entity
Entity
Colleges and Institutes
British Columbia Institute of Technology
Camosun College
College of New Caledonia
College of the Rockies
Douglas College
Institute of Indigenous Government
Justice Institute of British Columbia
Langara College
Nicola Valley Institute of Technology
North Island College
Northern Lights College
Northwest Community College
Okanagan College
Okanagan University College
Selkirk College
Vancouver Community College Total
Colleges 0 0 0 0 0 0
Universities
Capilano University
Emily Carr University of Art & Design
Kwantlen Polytechnic University
Royal Roads University
Simon Fraser University
Thompson Rivers University
University of British Columbia
University of Northern British Columbia
University of the Fraser Valley
University of Victoria
Vancouver Island University Total
Universitie 0 0 0 0 0 0
School Districts
Insert School District name here
Insert School District name here
Insert School District name here
Insert School District name here
Insert School District name here
Insert School District name here Total School
Districts 0 0 0 0 0 0
Hospital Societies
Bella Coola General Hospital
Louis Brier Home and Hospital
Menno Hospital (Mennonite Benevolent Society)
Mount St. Mary Hospital (The Marie Esther Society)
Nisga'a Valley Health Centre
Providence Health Care (incl St. Paul's, Chara, Holy Family)
RW Large Memorial Hospital
St. Joseph’s General Hospital (Bishop of Victoria)
St. Michael’s Centre
Wrinch Memorial Hospital
Total Hospital Societies 0 0 0 0 0 0
Notes and Comments:
33
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Boxes in grey are protected and are formulas. Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Opening balances must equal last year's reported closing balance.
Schedule 2 Capital Assets REPORT IN 000s
Transposed to Statement of Operations Transposed to Statement of Operations
Valuation Transfers to Transfers to Opening Amortization Valuation Transfers to Ending
Opening cost Additions Disposals Adjustments (from) WIP/CL (from) GRE Ending cost amortization expense Effect of disposals Adjustments (from) GRE amortisation Net book value
Land - -
Land Improvements - - -
Land Improvements WIP - - -
Total Land - - - - - - - - - - - - - -
Buildings - - -
Building WIP - - -
Buildings under Capital Lease - - -
Buildings under Capital Lease WIP - - -
Leasehold Improvements - - -
Leasehold Improvements WIP - - -
Total Buildings - - - - - - - - - - - - - -
Ferries - - -
Ferries WIP - - -
Ferries under capital lease - - -
Total Ferries - - - - - - - - - - - - - -
Transit vehicles and equipment - - -
Transit WIP - - -
Transit under capital lease - - -
Total Transportation Eqpt - - - - - - - - - - - - - -
Highway Infrastructure - - -
Highways WIP - - -
Highways under capital lease - - -
Total Hwy Infrastructure - - - - - - - - - - - - - -
Computer Hardware - - -
Computer Hardware WIP - - -
Computer Hardware under capital lease - - -
Computer Software - - -
Computer Software WIP - - -
Computer Software under capital lease - - -
Total Computers - - - - - - - - - - - - - -
Vehicles - - -
Vehicles under capital lease - - -
Office furniture & equipment - - -
Office F & E under capital lease - - -
Heavy machinery & equipment - - -
Heavy M & E WIP - - -
Heavy M & E under capital lease - - -
Miscellaneous - - -
Total Other - - - - - - - - - - - - - -
Total Tangible Capital Assets - - - - - - - - - - - - - -
NOTE: Transfers to/from WIP must equal zero
Notes and Comments:
34
Contributed and Donated Assets
Did your organization receive any donated or contributed assets with a value of $500,000.00 or greater?
Yes, If yes, please complete table below.
No
Value in $ thousands Description of asset Contributor
Have these assets been reported as asset additions in the year?
Yes
No
35
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Boxes marked in grey are protected and the numbers come from formulas.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Opening balances must equal last year's reported closing balance. If not provide an explanation below.
Schedule 3 Debt Report Report in 000s
Borrowed from Borrowed from
Borrowed from non-related, Capital leases, Capital leases, non-related, not
Borrowing direct related guaranteed by guaranteed by not guaranteed guaranteed by
from the province Mortgages organization the province the province by the province the province Total OCG COMMENTS
Opening Gross Debt 0
Add: Additional Borrowing 0
Less: Repayment of Principal 0
Less: Debt Defeasance 0
Less: Debt Forgiveness 0
Closing Gross Debt 0 0 0 0 0 0 0 0
Opening sinking fund balance 0
Add: Additional principal payments 0
Add: Earnings on sinking funds 0 Transposed to Statement of Operations
Less: Amount transferred to Defeasance or for repayment 0
Less: Debt Forgiveness 0
Closing sinking fund balance 0 0 0 0 0 0 0 0
Opening premium on debt issue 0
Add: Premium on newly issued debt 0
Less: Amount amortized to Statement of Operations 0 Transposed to Statement of Operations
Less: Debt Forgiveness 0
Closing premium 0 0 0 0 0 0 0 0
Opening debt discount 0
Add: Discount on newly issued debt 0
Less: Amount amortized to Statement of Operations 0 Transposed to Statement of Operations
Less: Debt Forgiveness 0
Closing discount 0 0 0 0 0 0 0 0
Closing Gross Debt 0 0 0 0 0 0 0 0
Add: Closing premium 0 0 0 0 0 0 0 0
Less: Closing Sinking Fund 0 0 0 0 0 0 0 0
Less: Closing Debt Discount 0 0 0 0 0 0 0 0
Closing Net Debt 0 0 0 0 0 0 0 0
Opening accrued interest 0
Add: Interest expense for the year 0 Transposed on Statement of Operations
Less: Interest payments made 0
Closing accrued interest 0 0 0 0 0 0 0 0
Interest expense for the year 0 0 0 0 0 0 0 0
Add: Amortization of debt discount 0 0 0 0 0 0 0 0
Less: Amortization of debt premiums 0 0 0 0 0 0 0 0
Other adjustments (please list below) 0
Less: Earnings on sinking funds 0 0 0 0 0 0 0 0
Total net debt servicing expense 0 0 0 0 0 0 0 0
Notes and Comments:
36
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Boxes marked in grey are formulas.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Schedule 4 Report in 000s
Deferred Contributions - Provincial sources only
Deferred Capital Deferred Operating Other
Opening balance
Contributions received during the year
Transfers between deferred contributions
Transfers to revenue
Ending balance 0 0 0
Please provide a brief description of the source and purpose of deferred non-capital operating contributions
and Other.
Please provide an explanation for the transfers to and from deferred contributions accounts.
Deferred Contributions - Non-Provincial sources, other
Deferred Capital Deferred Operating
Note:
Opening balance Unearned lease revenue, other miscellaneous
Contributions received during the year deferred revenues and deferred federal &
municipal highway project revenues should now be
Transfers between deferred contributions reported directly on the Statement of Financial
Position.
Transfers to revenue
Ending balance 0 0
Deferred Contributions - Federal
Deferred Capital Deferred Operating
Note:
Opening balance Unearned lease revenue, other miscellaneous
Contributions for Federal infrastructure programs deferred revenues and deferred federal &
municipal highway project revenues should now be
Other Federal contributions received reported directly on the Statement of Financial
Position.
Transfers between deferred contributions
Transfers to revenue
Ending balance 0 0
Please provide a brief description of the source and purpose of any deferred non-provincial contributions
which were not externally restricted by the provider of the funds.
Please provide an explanation for the transfers to and from deferred contributions accounts.
37
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Boxes marked in grey are formulas or come from another schedule.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Schedule 5 Variance Analyses to original budget and prior year's actuals
REPORT IN 000s
Current Period Prior Year Budget to Actual Prior to Current
budget actual actual Variance Variance
Revenue 0 0 0
Expenditures 0 0 0
Net income - - - 0 0
Assets 0 0 0
Liabilities 0 0 0
Equity - 0 0
Please provide brief description of any variances that are material to your financial results. Also, regardless
of materiality, any changes greater than $10 million must be explained including those for individual
accounts that are offset when rolled up to totals above.
Explanation of material variances from original budget (as submitted to Treasury Board).
narrative
narrative
narrative
narrative
Explanation of material variances from prior year's actuals.
38
Entity Name
0
Please report all debits as positive numbers and credits as negative numbers.
Boxes marked in grey are protected and are formulas.
Boxes in red are normally in a credit (negative) balance, those in blue normally in a debit (positive) balance.
Schedule 6 Inter-company accounts with self-supported Crown corporations and agencies
This information does NOT flow to the balance sheet or income statement. REPORT IN 000s
Direct Transfers from Purchases from Direct Transfers to
Accounts Receivable Accounts Payable to Crown Corps Sales to Crown Corps Crown Corps Crown Corps
from Crown Corps Crown Corps (revenue) (revenue) (expenses) (expenses)
B.C. Hydro and Power Authority
BCIF Management Ltd.
B.C. Liquor Distribution Branch
B.C. Lottery Corporation
B.C. Railway Company
B.C. Transmission Corporation
Columbia Power Corporation
Insurance Corporation of British Columbia
Transportation Investment Corporation
0 0 0 0 0 0
Notes and Comments:
39