Workplace Safety & Prevention Services Statement of Operations
Period from
January 1, 2016 to
March 31, 2017
$
Year ended
December 31,
2015
$
Revenue
Ministry of Labour funding 38,198,354 30,149,056
Training
and publication recoveries (note 12) 13,533,472 10,554,209
Amortization of deferred capital contributions (note 9) 55,705 44,564
Interest income 659,035 596,266
Other income 252,854 229,940
52,699,420 41,574,035
Expenditures
Advertising and promotion 864,358 533,016
Amortization of capital assets
216,165 197,973
Board of director expenses 35,680 11,648
Employee benefits (note 10) 11,445,470 9,000,450
Equipment and maintenance 105,964 91,862
Finance charges and bad debts 122,098 178,647
Insurance 243,827 200,864
IT expenses 1,997,156 996,354
Occupancy 3,256,549 2,654,543
Office and general 20,811 10,179
Other personnel costs 547,785 325,441
Postage and courier 70,415 185,420
Professional fees 460,312 413,351
Program delivery expenses 1,238,509 812,643
Research 35,757 34,107
Safety product costs 1,871,992 1,979,060
Salaries 27,568,302 21,373,995
Subscriptions 203,827 82,092
Supplies, service and equipment 349,035 373,417
Telecommunications 513,895 377,632
Travel and vehicle 1,246,093 986,395
Volunteer expenses 245,094 85,385
52,659,094 40,904,474
Excess of revenue over expenditures before undernoted 40,326 669,561
Income from CHSI (note 4) 247,968 307,275
Excess of revenue over expenditures 288,294 976,836
The accompanying notes are an integral part of these financial statements.
CELEBRATING 100 YEARS OF SAFETY IN ONTARIO | 1917-2017 WSPS.CA/AnnualReport
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