Unaudited financial statements for the period ending March 31, 2023, 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) | 2023 | 2022 Restated (note 18) |
|---|---|---|
| Net cost of operations after government funding and transfers | ($29,866) | ($91,351) |
| Change due to tangible capital assets | ||
| Acquisition of tangible capital assets (Note 11) | 80,798 | 93,207 |
| Amortization of tangible capital assets (Note 11) | (41,589) | (40,167) |
| Proceeds from disposal of tangible capital assets | (1,030) | (834) |
| Net loss on disposals, write-off and adjustments to tangible capital assets | 1,373 | (1,715) |
| Transfer from (to) other government departments (Note 16) | (111) | (298) |
| Total change due to tangible capital assets | 39,441 | 50,193 |
| Change due to inventories (Note 10) | 1,816 | 1,347 |
| Change due to prepaid expenses | (2,088) | 1,913 |
| Net increase (decrease) in departmental net debt | 9,303 | (37,898) |
| Departmental net debt - Beginning of year | 354,910 | 392,808 |
| Departmental net debt - End of year | $364,213 | $354,910 |
The accompanying notes form an integral part of these financial statements.