CCRA Annual Report to Parliament 2003-2004 - Financial Statements

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as at March 31
(in thousands of dollars)

		2004	2003
ASSETS
Financial assets
	Cash	318	315
	Due from the Consolidated Revenue Fund	214,353	266,225
	Accounts receivable (Note 6)	38,051	25,497
		252,722	292,037
Non-financial assets
	Prepaid expenses	7,427	9,217
	Consumable supplies	9,043	9,537
	Capital assets (Note 8)	469,440	329,963
		485,910	348,717
TOTAL		738,632	640,754
LIABILITIES
	Accrued employee salaries and benefits	87,232	56,497
	Accounts payable and accrued liabilities	144,663	209,371
	Vacation pay and compensatory leave	106,929	148,030
	Capital lease obligations (Note 12)	3,281	5,968
	Employee severance benefits	454,267	441,915
	Other liabilities	1,783	1,038
		798,155	862,819
Net liabilities (Note 7)		(59,523)	(222,065)
TOTAL		738,632	640,754
Contingent liabilities (Note 11) and commitments (Note 13)
The accompanying notes are an integral part of these financial statements.
Approved by:

Alan Nymark
Commissioner

Michael L. Turcotte
Chair, Board of Managemen