19 | WSPS.CA/AnnualReport
Workplace Safety & Prevention Services
Statement of Operations
For the year ended March 31, 2021
The accompanying notes are an integral part of these financial statements.
2021
$
2020
$
Revenue
Ministry of Labour, Training and Skills Development funding (note 13) 31,783,201 25,224,108
Training and publication recoveries (note 10) 5,085,836 11,208,807
Amortization of deferred capital contributions 141,516 145,231
Interest income 853,719 1,185,616
Other income 124,332 210,219
Canada Emergency Wage Subsidy 2,866,946 -
40,855,550 37,973,981
Expenditures
Salaries 22,684,548 22,699,180
Employee benefits (note 8) 8,183,316 9,917,454
Occupancy 252,895 1,995,350
Program delivery expenses 898,539 1,313,227
Safety product costs 376,143 1,386,734
Travel and vehicle 85,546 1,171,321
IT expenses 2,232,383 1,639,969
Advertising and promotion 679,775 803,671
Professional fees 576,387 658,642
Telecommunications 486,130 285,475
Other personnel costs 358,125 247,864
Volunteer expenses 183,394 210,822
Supplies, service and equipment 110,751 219,282
Insurance 236,825 229,371
Amortization of capital assets 258,295 273,598
Finance charges and bad debts 123,120 173,086
Subscriptions 124,301 123,278
Office and general 95,466 204,491
Equipment and maintenance 88,424 29,541
Research 144,686 79,250
Postage and courier 31,059 44,935
Board of director expenses 1,477 8,461
38,211,585 43,715,002
Surplus (shortfall) of revenue over expenditures before
undernoted
2,643,965 (5,741,021)
Loss from CHSI (note 4)
(2,453,302) (552,061)
Surplus (shortfall) of revenue over expenditures for the year
190,663 (6,293,082)
