Workplace Safety & Prevention Services
Statement of Operations
For the year ended March 31, 2020
The accompanying notes are an integral part of these financial statements.
2020
$
2019
$
Revenue
Ministry of Labour, Training and Skills Development funding (note 15) 25,224,108 28,797,303
Training and publication recoveries (note 12) 11,208,807 11,734,793
Amortization of deferred capital contributions (note 9) 145,231 94,897
Interest income 1,185,616 1,337,451
Other income 210,219 45,579
37,973,981 42,010,023
Expenditures
Salaries 22,699,180 22,278,712
Employee benefits (note 10) 9,917,454 9,201,865
Occupancy 1,995,350 2,412,952
Program delivery expenses 1,313,227 1,474,512
Safety product costs 1,386,734 1,345,941
Travel and vehicle 1,171,321 1,339,060
IT expenses 1,639,969 1,137,646
Advertising and promotion 803,671 679,429
Professional fees 658,642 588,394
Telecommunications 285,475 397,914
Other personnel costs 247,864 337,527
Volunteer expenses 210,822 255,740
Supplies, service and equipment 219,282 249,005
Insurance 229,371 228,266
Amortization of capital assets 273,598 223,265
Finance charges and bad debts 173,086 181,869
Subscriptions 123,278 162,429
Office and general 204,491 111,733
Equipment and maintenance 29,541 56,933
Research 79,250 54,083
Postage and courier 44,935 50,764
Board of director expenses 8,461 7,360
43,715,002 42,775,399
Shortfall of revenue over expenditures before undernoted
(5,741,021) (765,376)
Loss from CHSI (note 4)
(552,061) (392,194)
Shortfall of revenue over expenditures for the year
(6,293,082) (1,157,570)
21 | WSPS.CA/AnnualReport
