About us
Annual reports
Following the end of each crop year (August 1 to July 31), the CWB produces an annual report which reviews CWB operations.
The 2004-05 annual report is also available in PDF file format sections below for ease of downloading and printing.
Adobe® Acrobat® reader is required to view these documents.
A message from the chair of the board of directors and the president and CEO
Management discussion and analysis
Corporate profile
The CWB markets western Canadian wheat and barley in Canada and throughout the world. All sales revenue, less marketing expenses, is returned to farmers. The CWB is controlled by a board of directors that is comprised of 10 farmer-elected members and five federal government appointees. As a major international grain trader and a major earner of foreign exchange, the CWB enables Prairie wheat and barley producers to head-to-head with other major players in the grain industry.
Financial highlights
| 2004-05 | 2003-04 | 2002-03 | 2001-02 | 2000-01 | |
|---|---|---|---|---|---|
| Combined pool operating results ($ millions) | |||||
| Revenue | $3,739.3 | $4,136.2 | $3,339.9 | $4,379.2 | $4,220.9 |
| Direct costs | 407.5 | 369.7 | 318.7 | 384.5 | 350.5 |
| Net revenue from operations | 3,331.8 | 3,766.5 | 3,021.2 | 3,994.7 | 3,870.4 |
| Other income | 163.4 | 161.1 | 132.7 | 188.5 | 179.9 |
| Net interest earnings | 53.4 | 56.1 | 54.8 | 91.6 | 75.2 |
| Administrative expenses | (69.2) | (67.6) | (54.1) | (50.4) | (66.4) |
| Grain industry organizations | (1.6) | (1.8) | (1.8) | (1.7) | (1.7) |
| Earnings for distribution | $3,477.8 | $3,914.3 | $3,152.8 | $4,222.7 | $4,057.4 |
| Receipts from producers (000's tonnes) | |||||
|---|---|---|---|---|---|
| Wheat | 13 296.3 | 12 376.0 | 8 696.0 | 13 331.0 | 13 961.0 |
| Durum | 3 824.0 | 3 079.7 | 3 804.0 | 3 246.0 | 3 665.0 |
| Designated barley | 1 752.5 | 2 138.4 | 891.0 | 2 205.0 | 2 273.0 |
| Barly (pool A) | 29.0 | - | - | - | - |
| Barley (pool B) | 468.7 | - | - | - | - |
| Barley | - | 844.0 | 40.0 | 54.0 | 454.0 |
| Total | 19 370.5 | 18 438.0 | 13 431.0 | 18 836.0 | 20 353.0 |