Unaudited financial statements for the period ending March 31, 2022, Environment and Climate Change Canada, chapter 4
Statement of Change in Departmental Net Debt (Unaudited)
For the year ended March 31
| (in thousands of dollars) | 2022 | 2021 |
|---|---|---|
| Net cost of operations after government funding and transfers | ($91,814) | ($29,047) |
| Change due to tangible capital assets | ||
| Acquisition of tangible capital assets (Note 11) | 93,207 | 77,130 |
| Amortization of tangible capital assets (Note 11) | (39,989) | (37,350) |
| Proceeds from disposal of tangible capital assets | (834) | (416) |
| Net loss on disposals, write-off and adjustments to tangible capital assets | (1,804) | (4,665) |
| Transfer from (to) other government departments (Note 15) | (298) | - |
| Total change due to tangible capital assets | 50,282 | 34,699 |
| Change due to inventories (Note 10) | 1,347 | (275) |
| Change due to prepaid expenses | 1,913 | 17,910 |
| Net increase (decrease) in departmental net debt | (38,272) | 23,287 |
| Departmental net debt - Beginning of year | 381,238 | 357,951 |
| Departmental net debt - End of year | $342,966 | $381,238 |
The accompanying notes form an integral part of these financial statements.