2012 Financial Statements - Workers' Compensation Board
2012 Financial Statements - Workers' Compensation Board
2012 Financial Statements - Workers' Compensation Board
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
15. ADMINISTRATION EXPENSE<br />
WCB’s primary administrative functions include:<br />
• Claims-related administration – responsible for adjudicating claims, processing benefit payments,<br />
and the provision of return-to-work services to claimants.<br />
• Corporate administration – provides general management and administrative support.<br />
The table below presents administration expenses broken down by nature of expense and by function:<br />
($ thousands)<br />
Corporate Claims-related <strong>2012</strong> 2011<br />
Administration expenses<br />
Salaries and employee benefits<br />
Technology<br />
Office<br />
Occupancy<br />
Professional fees<br />
Depreciation and amortization<br />
Travel<br />
Other<br />
Less:<br />
Cost recoveries - legal action<br />
Cost recoveries - other<br />
Reclassifications to:<br />
Claims expense - rehabilitation services<br />
Investment Management expense<br />
$ 55,329<br />
12,907<br />
3,820<br />
2,315<br />
1,511<br />
7,426<br />
674<br />
911<br />
84,893<br />
-<br />
74<br />
-<br />
2,629<br />
2,703<br />
$82,190<br />
$ 106,341<br />
5,997<br />
1,155<br />
5,568<br />
2,468<br />
6,429<br />
461<br />
281<br />
128,700<br />
3,300<br />
3,635<br />
28,498<br />
-<br />
35,433<br />
$93,267<br />
$ 161,670<br />
18,904<br />
4,975<br />
7,883<br />
3,979<br />
13,855<br />
1,135<br />
1,192<br />
213,593<br />
3,300<br />
3,709<br />
28,498<br />
2,629<br />
38,136<br />
$175,457<br />
$ 150,372<br />
18,108<br />
5,280<br />
8,693<br />
4,335<br />
11,754<br />
1,178<br />
1,544<br />
201,264<br />
3,113<br />
3,491<br />
29,086<br />
2,384<br />
38,074<br />
$163,190<br />
<strong>2012</strong> FINANCIAL STATEMENTS and notes 71
Change language