Download PDF (619 ko )FSST and CSST Financial Statements 2007

Fonds de la santé et de la sécurité du travail
Accumulated (Deficits) Surpluses
for the year ended December 31, 2007
2007 2006
(in thousands of dollars)
FSST Financial Statements
Cumulative Cumulative
Cumulative differences differences
differences related to related to
related to the financial the financial
the real rate requirements for requirements for
of return previous years current years Total Total
Balance, beginning of the year 994,806 (767,031) 25,831 253,606 (786,978)
Result related to the
application of the funding policy
Employer assessments
Assessments related
to funding (Note 1b) 17,468 186,101 (13,743) 189,826 250,652
Assessments related to the
retrospective ratemaking method — — (13,836) (13,836) (28,493)
17,468 186,101 (27,579) 175,990 222,159
Interest related to the
retrospective ratemaking method — — (1,454) (1,454) (2,465)
Interest on accumulated surpluses
(deficits) 75,254 (50,675) 1,280 25,859 (50,331)
92,722 135,426 (27,753) 200,395 169,363
(Deficit) Surplus related
to the real rate of return (61,319) — — (61,319) 903,546
Operating deficit for the
current year
(Deficit) Surplus related to financial
requirements for the current year — — (17,894) (17,894) 8,800
Deficit related to financial
requirements for previous years — (449,778) — (449,778) (41,125)
— (449,778) (17,894) (467,672) (32,325)
(Deficiency) Exccess of income
over expenses 31,403 (314,352) (45,647) (328,596) 1,040,584
Balance, end of year 1,026,209 (1,081,383) (19,816) (74,990) 253,606
The accompanying notes are an integral part of these financial statements.
10