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Volume II - Finance - Government of Newfoundland and Labrador

Volume II - Finance - Government of Newfoundland and Labrador

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PUBLIC ACCOUNTS 2004-2005 5<br />

Financial Position<br />

Accumulated Deficit <strong>of</strong> $10.60 billion consisted <strong>of</strong> $12.80 billion in liabilities less $2.20 billion in assets.<br />

Net Debt <strong>of</strong> $11.69 billion consisted <strong>of</strong> $12.80 billion in liabilities less $1.11 billion in financial assets.<br />

Statement <strong>of</strong> Financial Position - 31 March 2005<br />

16.00<br />

14.00<br />

12.00<br />

Liabilities<br />

12.80<br />

Net Debt<br />

11.69<br />

Accumulated<br />

Deficit<br />

10.60<br />

10.00<br />

Billions<br />

8.00<br />

6.00<br />

4.00<br />

2.00<br />

Financial<br />

Assets<br />

1.11<br />

Non-Financial<br />

Assets<br />

1.09<br />

0.00

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