Annual Reports to Parliament 2003-2004

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Audited Financial Statements

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Office of the Privacy Commissioner of Canada
Statement of Financial Position
For the year ended March 31, 2004

(thousands of dollars) 2004 2003
  Financial assets
  Petty cash advances $ 1 $ 1
  Prepaid expenses 52 86
  Due from the Consolidated Revenue Fund 509 659
  Accounts receivable (Note 5) 254 290
  Total financial assets 816 1,036
  Capital assets (Note 6) 798 702
Total assets $ 1,614 $ 1,738
  Current liabilities
  Accounts payable and accrued liabilities $ 524 $ 515
  Accrued employee salaries and benefits 596 580
  Accrued employee severance benefits (Note 7) 47 128
  Total current liabilities 1,167 1,223
  Long-term liabilities
  Accrued employee severance benefits (Note 7) 1,191 1,289
  Total liabilities 2,358 2,512
  Accumulated deficit (Note 14) (744) (774)
Total liabilities and accumulated deficit $ 1,614 $ 1,738
Commitments (Note 9) and contingent liabilities (Note 10)
The accompanying notes form an integral part of these financial statements.

Approved by:

Jennifer Stoddart
Privacy Commissioner of Canada

Approved by:

Raymond D'Aoust
Assistant Privacy Commissioner

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