Workplace Safety & Prevention Services Statement of Operations
For the year ended December 31
2013 2012
revenue
Workplace Safety & Insurance Board/Ministry of Labour funding
(Note 19) $ 30,384,446 $31,625,170
Training and publication recoveries
(Note 20) 9,919,974 10,043,408
Amortization of deferred capital contributions
(Note 12) 63,411 65,748
Interest income 471,741 422,929
40,839,572 42,157,255
Expenditures
Advertising and promotion 425,420 301,034
Amortization of capital assets 198,327 280,419
Board of director expenses 5,365 3,728
Employee benefits 7,137,484 7,332,664
Equipment and maintenance 79,651 74,659
Finance charges and bad debts 148,784 57,503
Insurance 232,342 177,475
IT expenses 1,038,068 1,373,339
Occupancy 3,028,823 2,899,890
Office and general (recovery) (1,730) 35,772
Other personnel costs 563,990 230,639
Postage and courier 118,063 106,578
Professional fees 185,102 335,709
Program delivery expenses 804,444 728,482
Research 111,987 223,127
Safety product costs 1,652,054 1,696,625
Salaries 22,528,722 22,645,813
Subscriptions 92,008 56,494
Supplies, service and equipment 406,843 356,014
Telecommunications 438,179 357,290
Travel and vehicle 816,602 824,637
Volunteer expenses 170,551 160,635
40,181,079 40,258,526
Excess of revenue over expenditures before undernoted 658,493 1,898,729
Income from Centre for Health and Safety Innovation (CHSI)
(Note 6) 378,957 283,158
Excess of revenue over expenditures $ 1,037,450 $ 2,181,887
The accompanying notes are an integral part of these financial statements.
21
2013
annual
report
|
Workplace
Safety
&
Prevention
Services
