For the year ended December 31 2012 2011
Revenue
Workplace Safety & Insurance Board /
Ministry of Labour funding (Note 19) $ 31,625,170 $ 32,307,260
Training and publication recoveries (Note 20) 10,043,408 10,438,967
Amortization of deferred capital contributions 65,748 77,120
Interest income 422,929 128,969
42,157,255 42,952,316
Expenditures
Advertising and promotion 301,034 713,583
Amortization of capital assets 280,419 564,842
Board of director expenses 3,728 11,941
Employee benefits 7,332,664 5,543,324
Equipment and maintenance 74,659 213,365
Finance charges and bad debts 57,503 428,1 5 3
Insurance 177,475 246,1 0 1
IT expenses 1,373,339 2,456,006
Occupancy 2,899,890 3,309,5 5 1
Office and general 35,772 35,7 1 4
Other personnel costs 230,639 2 1 7,837
Postage and courier 106,578 165,1 24
Professional fees 335,709 492,901
Program delivery expenses 728,482 950,166
Research 223,127 491,939
Safety product costs 1,696,625 1,461,246
Salaries 22,645,813 22,541,502
Subscriptions 56,494 71,430
Supplies, service and equipment 356,014 421,421
Telecommunications 357,290 438,655
Travel and vehicle 824,637 755,490
Volunteer expenses 160,635 204,012
40,258,526 41,734,303
Excess of revenue over expenditures before undernoted 1,898,729 1,218,013
Income from Centre for Health and Safety Innovation (CHSI)
(Note 6) 283,158 202,691
Excess of revenue over expenditures $ 2 ,1 8 1 ,887 $ 1,420,704
Workplace Safety & Prevention Services
Statement of Operations
The accompanying notes are an integral part of these financial statements
Workplace Safety & Prevention Services 2012 Annual Report
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