Statement of Management Responsibility - Office national du film du ...
Statement of Management Responsibility - Office national du film du ...
Statement of Management Responsibility - Office national du film du ...
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NATIONAL FILM BOARD<br />
Futur-Oriented Financial <strong>Statement</strong>s (unaudited)<br />
<strong>Statement</strong> <strong>of</strong> change in Departmental Net Debt<br />
For the year ended March 31<br />
2014 2013<br />
Budget<br />
Forecast<br />
Net cost <strong>of</strong> operations after government funding $ ( 3 737) $ ( 2 227)<br />
- -<br />
Change <strong>du</strong>e to tangible capital assets<br />
Acquisition <strong>of</strong> tangible capital assets 3 052 2 214<br />
Amortization <strong>of</strong> tangible capital assets ( 2 572) ( 2 401)<br />
Proceeds from disposal <strong>of</strong> tangible capital assets - -<br />
Loss on disposal <strong>of</strong> tangible capital assets - ( 4)<br />
Total change <strong>du</strong>e to tangible capital assets 480 ( 191)<br />
Change <strong>du</strong>e to inventories ( 38) ( 50)<br />
Change <strong>du</strong>e to prepaid expenses - -<br />
Net increase (decrease) in department net debt ( 3 295) ( 2 468)<br />
Department net debt - Beginning <strong>of</strong> year 7 031 9 500<br />
Department net debt - End <strong>of</strong> year $ 3 737 $ 7 031<br />
The accompanying notes form an integral part <strong>of</strong> these financial statements.
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