Volume I - Finance - Government of Newfoundland and Labrador

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58 SUMMARY FINANCIAL STATEMENTS PROVINCE OF NEWFOUNDLAND AND LABRADOR Schedule 5 Payables, Accrued and Other Liabilities As at 31 March 2010 with comparative figures for 2009 2010 2009 ($000) ($000) Accrued salaries and employee benefits - note 1 .................................... 764,785 718,813 Due to Government of Canada.................................................. 589,036 684,749 Accounts Payable ............................................................ 549,549 548,479 Accrued interest payable ...................................................... 157,799 175,949 Due to municipalities ......................................................... 104,387 118,040 Capital leases - note 2......................................................... 35,333 37,077 Environmental liabilities ...................................................... 21,101 7,853 Other...................................................................... 13,780 16,666 2,235,770 2,307,626 NOTES 1. Self-Insured Workers’ Compensation Benefits Accrued salaries and employee benefits include an amount of $31.8 million related to the self-insured workers’ compensation benefits liability as at 31 March 2010 (31 March 2009 - $31.6 million). During the 2007-08 fiscal year, an actuarial valuation as of 31 December 2007, with disclosures as at 31 March 2010, was obtained for the Province’s self-insured workers’ compensation benefits. 2. Capital Leases Interest rates for all capital leases range from non-interest bearing to 12.4% and have repayment schedules ranging in duration from less than a year to 13 years.
SUMMARY FINANCIAL STATEMENTS PROVINCE OF NEWFOUNDLAND AND LABRADOR 59 Schedule 6 Borrowings As at 31 March 2010 with comparative figures for 2009 Total Borrowings Sinking Fund Balance 2010 2009 Net Borrowings Interest Rate Range Net Borrowings ($000) ($000) ($000) (%) ($000) Consolidated Revenue Fund Treasury bill borrowings ...... 493,744 - 493,744 0.18 - 0.27 493,158 General debentures........... 5,469,831 856,233 4,613,598 4.50 - 11.00 5,107,795 Government of Canada........ 416,636 - 416,636 4.91 - 11.33 461,846 6,380,211 856,233 5,523,978 6,062,799 Health care organizations ........... 185,165 9,334 175,831 prime-1.1- 10.50 181,662 Student Loan Corporation of Newfoundland and Labrador ........ 156,000 - 156,000 0.41 - 0.62 170,000 Newfoundland and Labrador Municipal Financing Corporation ............. 98,944 - 98,944 4.35 - 9.60 119,410 Newfoundland and Labrador Housing Corporation ..................... 24,777 - 24,777 4.12 24,374 Memorial University of Newfoundland 18,396 - 18,396 5.19 - 5.88 19,875 School Districts .................. 13,718 - 13,718 prime-1 - 8.50 16,509 Total 6,877,211 865,567 6,011,644 6,594,629 See accompanying notes.
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Province of Newfoundland and Labrad
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Province of Newfoundland and Labrad
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i Table of Contents Page No. INTROD
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1 INTRODUCTION Volume I of the Publ
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UNDERSTANDING THE FINANCIAL HEALTH
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UNDERSTANDING THE FINANCIAL HEALTH
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Volume I - Finance - Government of Newfoundland and Labrador

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