Transportation Safety Board of Canada - Departmental Performance Report for the period ending 31 March 2004

Publications

Departmental Performance Report (6)

4. Receivables and Advances

(in thousands of dollars)	2004	2003
GST refundable	$ 76	$ 554
Other Government Departments	12	165
Advances to Employees	8	8
External Parties	-	38
Total	$ 96	$ 765

The change in GST refundable is due to timing difference.

5. Property and Equipment

(in thousands of dollars)

Asset Class	Historical Cost March 31, 2003	Additions	Disposals	Accumulated Amortization March 31, 2004	Net Book Value March 31, 2004	Net Book Value March 31, 2003
Buildings	$ 2,715	$ -	$ -	$ 1,820	$ 895	$ 1,007
Furniture	1,069	84	102	666	385	363
Office equipment	405	6	75	278	58	87
Laboratory equipment	3,701	658	1,940	1,670	749	415
Informatics hardware	5,108	579	1,853	2,520	1,314	1,320
Informatics software	372	89	-	219	242	286
Motor vehicles	873	125	160	285	553	547
Other vehicles	113	36	-	47	102	72
Leasehold improvements	34	-	-	20	14	26
Total	$ 14,390	$ 1,577	$ 4,130	$ 7,525	$ 4,312	$ 4,122

6. Other Income / Expenditures

The CTAISB is responsible for coordinating the financial management of funds for the networks of small federal agencies. The revenues consist of contributions from all agencies to the cost sharing. The expenditures are the disbursements made on behalf of the group. Each government department will report its respective portion of expenditures in its financial statements.

7.	Expenditures Related to the Swissair Flight 111 Accident Investigation

On September 2, 1998, Swissair Flight 111 crashed in the Atlantic Ocean at approximately 5 nautical miles from Peggy's Cove, Nova Scotia. Under Canadian legislation and international conventions, the CTAISB had the responsibility to conduct a thorough investigation of the accident. The investigation is now completed at a total cost of $58 million. The current year expenditures relating to this investigation total $516,000 and are included in the Statement of Operations. There are no significant future costs anticipated.

8. Related Party Transactions

The CTAISB is related in terms of common ownership to all Government of Canada departments, agencies and Crown corporations. The CTAISB enters into transactions with these entities in the normal course of business and on normal trade terms applicable to all individuals and enterprises except that certain services, as defined in note 2(g), are provided without charge.

Services Provided Without Charge (in thousands of dollars)

Department	Type of Services	2004	2003
Public Works and Government Services Canada	Accommodation, accommodation alteration and other services	$ 1,745	$ 1,700
Treasury Board of Canada	Employer's contributions to the health insurance plans	1,295	1,221
Office of the Auditor General of Canada	External audit	49	60
Human Resources Development Canada	Administration of workers' compensation	16	27
Total		$ 3,105	$ 3,008

9. Contingent Liabilities

In the normal course of its operations, the CTAISB becomes involved in various legal actions. Some of these potential liabilities may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded on the Board's financial statements.

For the year ended March 31, 2004, there are various outstanding legal actions against the CTAISB. No liability has been recorded in the financial statements since management of the CTAISB consider them unlikely to be successful.

10. Commitments

The nature of the CTAISB's activities results in some large multi-year contracts and obligations whereby the CTAISB will be committed to make some future payments when the services/goods are rendered. Presently, such commitments apply only to the next year. Major commitments that can be reasonably estimated are as follows:

(in thousands of dollars)	Commitments
(in thousands of dollars)	2005	Total
Acquisition of Goods and Services	$ 2,623	$ 2,623

11. Comparative Figures

Certain of the 2003 comparative figures in Note 3 have been reclassified to conform to the current year's presentation.

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Updated: 2004-11-03		Important Notices