CRA Annual Report to Parliament 2008-2009 - Audited Financial Statements – Administered Activities

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Audited Financial Statements – Administered Activities

Canada Revenue Agency
Statement of Administered Assets and Liabilities

as at March 31
(in thousands of dollars)
2009
2008
ADMINISTERED ASSETS
Cash on hand
4,857,057
5,472,607
Amounts receivable from taxpayers (net of allowance for doubtful accounts of $9,347,081 in 2009 and $8,612,494 in 2008) (Note 3)
70,147,779
64,527,046
Amounts receivable under the Tobacco civil settlements (Note 4)
699,900
–
TOTAL ASSETS
75,704,736
69,999,653
ADMINISTERED LIABILITIES
Amounts payable to taxpayers (Note 5)
50,850,197
48,997,229
Amounts payable to provinces (Note 6)
708,521
322,097
Deposit accounts (Note 7)
107,804
103,068
51,666,522
49,422,394
Net amount due to the Consolidated Revenue Fund on behalf of the Government of Canada and others (Note 8)
24,038,214
20,577,259
TOTAL LIABILITIES
75,704,736
69,999,653
Contingent liabilities (Note 9)
The accompanying notes form an integral part of these financial statements.
Approved by:

William V. Baker
Commissioner and Chief Executive Officer

Sylvie Tessier, ICD.D
Director and Interim Chair,
Board of Management



Date modified:
2009-11-05