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

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Commission de la santé et de la sécurité du travail Cash Flows for the year ended December 31, 2007 2007 (in thousands of dollars) 2006 Operating activities Excess of income over expenses 4,608 3,739 Adjustments for: Depreciation of tangible assets 1,276 2,152 Depreciation of intangible assets 335 6,963 Losses on disposal of tangible assets 11 27 Variation in the provision for sick leave and vacation time (220) 3,017 6,010 15,898 Variation in non-cash items: Assessments to be collected for the FSST and other receivables (1,918) 20,168 Owed by depositors 1,084 (105) Prepaid expenses (4,154) (955) Owed by the FSST (6,001) (12,673) Accounts payable and accruals (7,647) 4,787 Owed to the FSST 12,873 (26,914) (5,763) (15,692) Cash flows provided by operating activities 247 206 Investment activities Proceeds from disposal of tangible assets, i.e. cash flows provided by investment activities 1 29 CSST Financial Statements Increase in cash 248 235 Cash, beginning of year 5,810 5,575 Cash, end of year 6,058 5,810 The accompanying notes are an integral part of these financial statements. 41
Commission de la santé et de la sécurité du travail Notes to Financial Statements as at December 31, 2007 CSST Financial Statements 1. Incorporation, Functions and Financing The Commission de la santé et de la sécurité du travail (CSST) is a legal person, as defined in the Civil Code of Québec, and was incorporated on March 13, 1980 under the Act respecting occupational health and safety (R.S.Q., chapter S-2.1). For the purposes of this Act, the CSST is responsible for preparing, proposing and implementing policies relating to worker health and safety to ensure a safer work environment. It collects the amounts necessary for the administration of this Act from employers. The CSST is also responsible, for the purposes of the Workmen’s Compensation Act (R.S.Q., chapter A-3) and the Act respecting industrial accidents and occupational diseases (R.S.Q., chapter A-3.001), for assessing employers annually, in accordance with its financing method and following actuarial valuations, at the rates applicable to the units under which their activities are classified, or at the applicable personalized rates or, where applicable, in accordance with the Regulation respecting retrospective adjustment of the assessment. The CSST is the trustee of the Fonds de la santé et de la sécurité du travail (FSST), a social trust established on January 1, 2003, the patrimony of which is dedicated to the payment of the sums or benefits to which any person may be entitled under the acts administered by the CSST and to the achievement of any purpose provided for in those acts. The FSST is not consolidated, because it constitutes a separate trust patrimony under section 136.2 of the Act respecting occupational health and safety (R.S.Q., chapter S-2.1). To account for the administration of the FSST, the following table presents a summary of its balance sheet. 2007 2006 (in thousands of dollars) Assets Funds deposited with the Caisse de dépôt et placement du Québec 10,906,893 10,392,748 Owed by the CSST 262,993 250,120 Other assets 87,787 64,008 11,257,673 10,706,876 Liabilities Actuarial liability 10,933,780 10,119,571 Owed to the CSST 93,131 87,130 Other liability 305,752 246,569 11,332,663 10,453,270 Accumulated (deficits) surpluses (74,990) 253,606 11,257,673 10,706,876 The CSST is also responsible for administering the Crime Victims Compensation Act (R.S.Q., chapter I-6) and the Act to promote good citizenship (R.S.Q., chapter C-20). The amounts necessary for the administration of these acts are reimbursed by the Government of Québec. 42
Page 1 and 2: FSST and CSST Financial Statements
Page 3 and 4: The Financial Statements of the Com
Page 5 and 6: Trustee’s Report FSST Financial S
Page 7 and 8: Actuarial Report regarding the Comm
Page 9 and 10: Actuarial Consultant’s Report reg
Page 11 and 12: Fonds de la santé et de la sécuri
Page 13 and 14: Fonds de la santé et de la sécuri
Page 15 and 16: FSST Financial Statements Retrospec
Page 17 and 18: Fair value Fair value is the amount
Page 19 and 20: FSST Financial Statements i) Actuar
Page 21 and 22: 4. Investment Income and Interest o
Page 23 and 24: 6. For a Safe Maternity Program FSS
Page 25 and 26: However, this surplus of $2,589,000
Page 27 and 28: 10. Tangible Assets FSST Financial
Page 29 and 30: 14. Long-term Debts FSST Financial
Page 31 and 32: 16. Cash Flows FSST Financial State
Page 33 and 34: 18. Related Party Transactions FSST
Page 36 and 37: Commission de la santé et de la s
Page 38 and 39: Auditor’s report To the National
Page 40 and 41: Commission de la santé et de la s
Page 44 and 45: Contributions from the FSST In acco
Page 46 and 47: c) Intangible assets Intangible ass
Page 48 and 49: 5. Financing of Administrative Trib
Page 50 and 51: 10. Provision for Sick Leave and Va
Page 52 and 53: To account for the administration o
Page 54 and 55: 14. Financial Instruments Managemen
Page 56: www.csst.qc.ca : a website linked t

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