2012 - Great Lakes Pilot Authority, Canada

More documents

Recommendations

Info

OPERATING SUMMARY (000’s) Budget ACTUAL 2013 2012 2011 2010 2009 2008 Revenue $19,780 $20,558 $19,599 $20,089 $13,770 $16,221 Operating costs 18,827 20,182 18,945 18,076 15,635 16,458 Comprehensive Income (Loss) $ 953 $ 376 $ 654 $ 2,013 $ (1,865) $ (237) Note: The Budget 2013 operating costs does not include actuarial gains or losses. AVERAGE HUMAN RESOURCES Budget ACTUAL 2013 2012 2011 2010 2009 2008 Administrative 9.5 9.5 9.5 9 9 10 Pilots 54 56 56.5 56.5 56.5 62.5 Dispatchers 9 8.5 8 8.5 8.5 9 72.5 74 74 74 74 81.5 PILOT ASSIGNMENTS Budget ACTUAL 2013 2012 2011 2010 2009 2008 Actual - 6,358 6,389 6,059 4,468 5,989 Planned 6,100 6,100 5,325 4,217 5,800 6,400 ACCIDENT FREE ASSIGNMENTS Budget ACTUAL 2013 2012 2011 2010 2009 2008 Number 6,100 6,352 6,386 6,052 4,460 5,975 Percentage 100% 99.9% 99.9% 99.9% 99.8% 99.8% AVERAGE COST OF PERFORMING AN ASSIGNMENT Budget ACTUAL 2013 2012 2011 2010 2009 2008 Amount $3,086 $3,174 $2,965 $2,983 $3,499 $2,748 12 2012 Annual Report
MANAGEMENT REPORT The management of the Authority is responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards and for all other information presented in the annual report. This responsibility includes the selection of appropriate accounting principles and the exercise of careful judgment in establishing reasonable estimates. Financial information shown elsewhere in this annual report is consistent with that contained in the financial statements. Management maintains books of account, financial and management control, and information systems, together with management practices designed to provide reasonable assurance that reliable and relevant information is available on a timely basis. These systems and practices provide reasonable assurance that assets are safeguarded and controlled, that resources are managed economically and efficiently in the attainment of corporate objectives, and that operations are carried out effectively. These systems and practices are also designed to provide reasonable assurance that the transactions are in accordance with Part X of the Financial Administration Act and regulations, the Pilotage Act and regulations and the by-laws of the Authority. The Board of Directors is comprised of Directors who are not employees of the Authority. The Board of Directors is responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control. The Audit Committee oversees the entity’s systems of internal accounting and administration control. The Committee meets with management and the auditors to satisfy itself that responsibilities are properly discharged and to review the financial statements. The financial statements and annual report are reviewed and approved by the Board of Directors on the recommendation of the Audit Committee. The external auditor, the Auditor General of Canada, is appointed under the Pilotage Act and has audited the financial statements in accordance with Canadian generally accepted auditing standards. His report outlines the nature of the audit and expresses his opinion on the financial statements of the entity. R.F. Lemire Chief Executive Officer R.R. Ménard Secretary / Treasurer Cornwall, Ontario February 27, 2013 2012 Annual Report 13
Page 1 and 2: Annual Report 2012
Page 3 and 4: BOARD OF DIRECTORS Chairman MR. J.
Page 5 and 6: CHAIR AND CHIEF EXECUTIVE OFFICER
Page 7 and 8: i v The Authority operates in the i
Page 9 and 10: OPERATIONS OVERVIEW Traffic The Aut
Page 11 and 12: The Authority started 2012 with an
Page 13: GOVERNANCE REVIEW (cont’d) The Au
Page 17 and 18: - 2 - I believe that the audit evid
Page 19 and 20: Statement of Operations and Compreh
Page 21 and 22: Statement of Cash Flows for the yea
Page 23 and 24: (b) Basis of measurement The financ
Page 25 and 26: (j) Revenue recognition Revenues ea
Page 27 and 28: (ii) Derecognition of financial lia
Page 29 and 30: Market risk Market risk is the risk
Page 31 and 32: 12. Pension plan The Public Service
Page 33 and 34: Information about the plan, measure

2012 - Great Lakes Pilot Authority, Canada

Create successful ePaper yourself

Delete template?

Save as template?