Future-Oriented Statement of Operations for the Years Ending March 31, 2019 and March 31, 2020

The Office of the Registrar of the Supreme Court of Canada

Future-Oriented Statement of Operations (Unaudited)

For the Year Ending March 31
(in dollars)

Expenses
	Forecast results 2018-19	Planned results 2019-20
The administration of Canada's final court of appeal	31,000,854	30,677,635
Internal Services	14,667,445	14,841,762
Total expenses	45,668,299	45,519,397

Revenues
Sale of information documents and other fees	171,531	174,650
Pension contribution revenues	127,534	136,461
Revenues earned on behalf of Government	(291,631)	(306,155)
Total revenues	7,434	4,956

Net cost of operations before government funding and transfers	45,660,865	45,514,441

The accompanying notes form an integral part of the Future-Oriented Statement of Operations.

Notes to the Future-Oriented Statement of Operations (Unaudited)

1. Methodology and significant assumptions

The Future-Oriented Statement of Operations has been prepared on the basis of the priorities and plans of the Office of the Registrar of the Supreme Court of Canada (ORSCC) as described in its Departmental Plan.

The information in the forecast results for fiscal year 2018-19 is based on actual results as at December 31, 2018 and on forecasts for the remainder of that fiscal year. Forecasts have been made for the planned results for fiscal year 2019-20.

The main assumptions underlying the forecasts are as follows:

The ORSCC's activities will remain substantially the same as in the previous year.
Expenses and revenues, including the determination of amounts internal and external to the government, are based on past experience. The general historical pattern is expected to continue.

These assumptions were made as at January 15, 2019.

2. Variations and changes to the forecast financial information

Although every attempt has been made to forecast final results for the remainder of 2018-19 and for 2019-20, actual results achieved for both years are likely to differ from the forecast information presented, and this variation could be material.

In preparing this Future-Oriented Statement of Operations, the Office of the Registrar of Supreme Court of Canada has made estimates and assumptions about the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are based on past experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and are continually evaluated.

Factors that could lead to material differences between the Future-Oriented Statement of Operations and the historical statement of operations include:

the timing and amount of acquisitions and disposals of property, plant and equipment, which may affect gains, losses and amortization expense;
the implementation of new collective agreements;
other changes to the operating budget, such as new initiatives or technical adjustments later in the fiscal year.

After its Departmental Plan is tabled in Parliament, the Office of the Registrar of the Supreme Court of Canada will not be updating the forecasts for any changes in financial resources made in ensuing supplementary estimates. Variances will be explained in the subsequent Departmental Results Report.

3. Summary of significant accounting policies

The Future-Oriented Statement of Operations has been prepared using the Government of Canada's accounting policies in effect for fiscal year 2018-19, and is based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

a) Expenses:

Expenses are recorded on an accrual basis when goods are received or services are rendered. These include expenses related to personnel, professional and special services, repair and maintenance, utilities, materials and supplies, as well as amortization of tangible capital assets. Provisions to reflect changes in the value of assets or liabilities, such as employee future benefits, vacation pay and compensatory leave, as well as prepaid expenses, are also included in other expenses.

b) Revenues:

Funds received from external parties for annual subscriptions to Canada Supreme Court Reports are recorded upon receipt as deferred revenues. These revenues are recognized on a monthly basis in the fiscal year covered by the annual subscription.

Sales and other revenues are recognized in the period the event giving rise to the revenue occured.

Revenues that are non-respendable are not available to discharge the ORSCC's liabilities. Although the Registrar is expected to maintain accounting control, he has no authority over the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented as a reduction of the ORSCC's gross revenues.

4. Parliamentary authorities

The ORSCC is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the ORSCC differs from financial reporting according to generally accepted accounting principles because authorities are based mainly on cash flow requirements. Items recognized in the Future-Oriented Statement of Operations in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the ORSCC has different net cost of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

a) Reconciliation of net cost of operations to requested authorities
(in dollars)

Adjustment for items affecting net cost of operations but not affecting authorities:
	Forecast results 2018-19	Planned results 2019-20
Net cost of operations before government funding and transfers	45,660,865	45,514,441
Amortization of tangible capital assets	(400,945)	(451,780)
Gain (loss) on disposal of tangible capital assets	7,434	4,956
Services provided without charge by other government departments	(7,345,531)	(7,572,809)
Decrease (increase) in vacation pay and compensatory leave	(230,264)	(506,199)
Decrease (increase) in employee future benefits	18,961	(10,599)
Refunds of prior years' expenditures	37,911	27,614
Total items affecting net cost of operations but not affecting authorities	(7,912,434)	(8,508,817)

Adjustment for items not affecting net cost of operations but affecting authorities:
Acquisition of tangible capital assets	229,344	475,100
Salary advances and overpayments to recover	4,800	2,800
Increase (decrease) in prepaid expenses	(16,280)	4,460
Total items not affecting net cost of operations but affecting authorities	217,864	482,360
Requested authorities	37,966,295	37,487,984

b) Authorities requested
(in dollars)

Authorities requested:
	Forecast results for 2018-19	Planned results for 2019-20
Vote 1: operating expenditures	27,285,171	26,345,442
Statutory amounts	10,681,124	11,142,542
Total authorities requested	37,966,295	37,487,984