17 | WSPS.CA/AnnualReport "The accompanying notes are an integral part of these financial statements."
Workplace Safety & Prevention Services Statement of Operations
Year ended
March 31, 2018
$
Period from
January 1, 2016
to March 31, 2017
$
Revenue
Ministry of Labour funding 30,521,596 38,198,354
Training and publication recoveries (note 12) 11,376,172 13,533,472
Amortization of deferred capital contributions (note 9) 44,564 55,705
Interest income 545,586 659,035
Other income 19,623 252,854
42,507,541 52,699,420
Expenditures
Advertising and promotion 586,174 864,358
Amortization of capital assets 172,932 216,165
Board of director expenses 12,041 35,680
Employee benefits (note 10) 8,505,280 11,445,470
Equipment and maintenance 67,227 105,964
Finance charges and bad debts 179,357 122,098
Insurance 240,662 243,827
IT expenses 1,480,745 1,997,156
Occupancy 2,799,231 3,256,549
Office and general 100,755 20,811
Other personnel costs 457,121 547,785
Postage and courier 57,937 70,415
Professional fees 438,445 460,312
Program delivery expenses 1,445,997 1,238,509
Research 3,235 35,757
Safety product costs 1,436,744 1,871,992
Salaries 22,139,222 27,568,302
Subscriptions 164,940 203,827
Supplies, service and equipment 247,049 349,035
Telecommunications 382,373 513,895
Travel and vehicle 1,214,668 1,246,093
Volunteer expenses 213,812 245,094
42,345,947 52,659,094
Excess of revenue over expenditures before undernoted 161,594 40,326
Income from CHSI (note 4) 544,657 247,968
Excess of revenue over expenditures 706,251 288,294
