Statement of Change in Departmental Net Debt (Unaudited)
- Responsibility |
- Financial Position |
- Operations |
- Net Debt |
- Cash flow |
- Notes |
- Annex
Statement of Change in Departmental Net Debt (Unaudited)
| For the year ended March 31 (in dollars) |
2012 | 2011 |
|---|---|---|
Net cost of operations after government funding |
(1,103,906) | (473,504) |
Change due to tangible capital assets |
||
| Acquisition of tangible capital assets | 316,480 | 361,227 |
| Amortization of tangible capital assets | (179,829) | (104,930) |
| Loss on disposal of tangible capital assets | - | (648,863) |
| Total change due to tangible capital assets | 136,651 | (392,566) |
Change due to prepaid expenses |
18,359 | - |
Net increase (decrease) in departmental net debt |
(948,896) | 80,938 |
Departmental Net Debt - Beginning of year |
2,053,547 | 1,972,609 |
Departmental Net Debt - End of Year |
1,104,651 | 2,053,547 |
The accompanying notes form an integral part of the financial statements.