CRA Annual Report to Parliament 2007-2008 - Canada Revenue Agency Financial Statements – Administered Activities

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Canada Revenue Agency Financial Statements – Administered Activities

Canada Revenue Agency
Statement of Administered Assets and Liabilities

as at March 31
(in thousands of dollars)
2008
2007
ADMINISTERED ASSETS
Cash on hand
5,472,607
3,449,847
Amounts receivable from taxpayers (net of allowance for doubtful accounts of $8,612,494 in 2008 and $6,392,320 in 2007) (Note 3)
64,527,046
65,197,183
TOTAL ASSETS
69,999,653
68,647,030
ADMINISTERED LIABILITIES
Amounts payable to taxpayers (Note 4)
48,997,229
41,353,461
Amounts payable to provinces (Note 5)
322,097
415,078
Deposit accounts (Note 6)
103,068
56,927
49,422,394
41,825,466
Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others (Note 7)
20,577,259
26,821,564
TOTAL LIABILITIES
69,999,653
68,647,030
Contingent liabilities (Note 8)
The accompanying notes are an integral part of these financial statements.
Approved by:

William V. Baker
Commissioner and Chief Executive Officer

Connie I. Roveto, ICD.D
Chair, Board of Management



Date modified:
2009-01-29