15|WSPS.CA/AnnualReport
Workplace Safety & Prevention Services
Statement of Operations
For the year ended March 31, 2019
The accompanying notes are an integral part of these financial statements.
2019
$
2018
$
Revenue
Ministry of Labour funding 28,797,303 30,521,596
Training
and publication recoveries (note 12) 11,734,793 11,376,172
Amortization of deferred capital contributions (note 9) 94,897 44,564
Interest income 1,337,451 545,586
Other income 45,579 19,623
42,010,023 42,507,541
Expenditures
Salaries 22,278,712 22,139,222
Employee
benefits (note 10) 9,201,865 8,505,280
Occupancy
2,412,952 2,799,231
Program
delivery expenses 1,474,512 1,445,997
Safety
product costs 1,345,941 1,436,744
Travel and vehicle 1,339,060 1,214,668
IT expenses 1,137,646 1,480,745
Advertising and promotion 679,429 586,174
Professional fees 588,394 438,445
Telecommunications 397,914 382,373
Other personnel costs 337,527 457,121
Volunteer expenses 255,740 213,812
Supplies, service and equipment 249,005 247,049
Insurance 228,266 240,662
Amortization of capital assets 223,265 172,932
Finance charges
and bad debts 181,869 179,357
Subscriptions 162,429 164,940
Office and
general 111,733 100,755
Equipment and maintenance 56,933 67,227
Research 54,083 3,235
Postage
and courier 50,764 57,937
Board of director expenses 7,360 12,041
42,775,399 42,345,947
Excess (shortfall) of revenue over expenditures before
undernoted
(765,376) 161,594
Income (loss) from CHSI (note 4)
(392,194) 544,657
Excess (shortfall) of revenue over expenditures for the year
(1,157,570) 706,251
