Financial Report 2004 - 2005

2004 - 2005 CRC Revenue

2004 - 2005 CRC Expenses

Notes:

1. CRC receives funding from a number of government and non-government sources. In 2004-05, Industry Canada provided close to 75% of CRC's funding. Other government funding was provided by the Canadian Space Agency and the Department of National Defence to carry out R&D;, and to cover costs related to their tenancy on the CRC campus. Revenue from the private sector is generated through the licensing of intellectual property and contracted R&D.;
   
   
2. Construction of the Laboratory for Photonic Components & Systems Research will be completed in 2006-07. The $1.09M from Industry Canada funds unutilized in 2004-05 will be expended in 2005-06 for the Photonics Laboratory construction. Construction of the RAATLab was completed this year.