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Statement of Change in Departmental Net Debt (Unaudited)

Statement of Change in Departmental Net Debt (Unaudited)

For the year ended March 31
(in dollars)
2013 2012

Net cost of operations after government funding
(1,134,035) (1,103,906)

Change due to tangible capital assets
Acquisition of tangible capital assets 1,325,276 316,480
Amortization of tangible capital assets (221,264) (179,829)
Total change due to tangible capital assets 1,104,012 136,651

Change due to prepaid expenses
71,750 18,359

Net increase (decrease) in departmental net debt
41,727 (948,896)

Departmental Net Debt - Beginning of year
1,104,651 2,053,547

Departmental Net Debt - End of Year
1,146,378 1,104,651

The accompanying notes form an integral part of the financial statements.