Volume I - Finance - Government of Newfoundland and Labrador

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Table of Contents
Page No.
INTRODUCTION 1
UNDERSTANDING THE FINANCIAL HEALTH OF THE PROVINCE OF
NEWFOUNDLAND AND LABRADOR:
Message from the Minister of Finance and President of Treasury Board .................. 3
Financial Reports ............................................................. 5
Financial Discussion and Analysis Report .......................................... 6
Glossary of Terms ............................................................. 6
Consolidated Accrual Result..................................................... 7
Cash Flow Analysis .......................................................... 10
Highlights - Financial Position .................................................. 11
Highlights - Financial Operations................................................ 15
Key Indicators............................................................... 22
Financial Performance ........................................................ 27
STATEMENT OF RESPONSIBILITY 31
AUDITOR'S REPORT 33
STATEMENTS:
Consolidated Statement of Financial Position ...................................... 34
Consolidated Statement of Change in Net Debt ..................................... 35
Consolidated Statement of Operations ............................................ 36
Consolidated Statement of Change in Accumulated Deficit............................ 37
Consolidated Statement of Cash Flows............................................ 38
Notes to the Consolidated Financial Statements..................................... 39
SCHEDULES:
Receivables - Schedule 1 ...................................................... 53
Loans, Advances and Investments - Schedule 2 ..................................... 54
Equity in Government Business Enterprises - Schedule 3 ............................. 56
Net Income of Government Business Enterprises - Schedule 4 ......................... 57
Payables, Accrued and Other Liabilities - Schedule 5 ................................ 58
Borrowings - Schedule 6....................................................... 59
Guaranteed Debt - Schedule 7 .................................................. 62
Trust Accounts - Schedule 8 .................................................... 63
Tangible Capital Assets - Schedule 9 ............................................. 64
Revenue by Source - Schedule 10................................................ 67
Expenses by Department - Schedule 11 ........................................... 68
Expenses by Object - Schedule 12 ............................................... 69
Revenue and Expense by Sector - Schedule 13 ..................................... 70
Reconciliation of Budgetary Contribution (Requirement) to Consolidated Accrual
Results - Schedule 14........................................................ 72
Government Reporting Entity - Schedule 15 ....................................... 74