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

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As at March 31
(in thousands of dollars)

		2009	2008
ASSETS
Financial assets
	Cash	71	104
	Due from the Consolidated Revenue Fund	299,995	268,417
	Accounts receivable and advances (Note 4)	7,711	25,209
		307,777	293,730
Non-financial assets
	Prepaid expenses	19,333	16,070
	Capital assets (Note 5)	489,816	456,471
		509,149	472,541
TOTAL		816,926	766,271
LIABILITIES
	Accrued salaries	168,100	127,952
	Accounts payable and accrued liabilities	161,962	143,442
	Lease obligations for capital assets (Note 6)	13,562	5,366
	Vacation pay and compensatory leave	164,478	158,864
	Employee severance benefits (Note 7)	619,846	509,479
	Other liabilities	2,262	1,738
		1,130,210	946,841
NET LIABILITIES (Note 8)		(313,284)	(180,570)
TOTAL		816,926	766,271
Contingent liabilities (Note 13) and contractual obligations (Note 14)
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