Workplace Safety & Prevention Services
Statement of Changes in Net Assets
For the year ended March 31, 2022
The accompanying notes are an integral part of these financial statements.
2022 2021
Contributed
surplus
$
Internally
restricted
$
Unrestricted
$
Total
$
Total
$
(note 9)
Net assets (deficiency) –
beginning of year
48,776 18,517,500 (567,570) 17,998,706 20,902,708
Excess (deficiency) of revenue
over expenditures - - (5,845,228) (5,845,228) 190,663
Employee future benefits
remeasurements (note 8) - - 3,300,900 3,300,900 (1,402,900)
Investment writedown (note 4) - - - - (24,765)
Transfer of pension liability
(note 8) - - - - (1,667,000)
Interfund transfer (note 9) - 3,300,900 (3,300,900) - -
Net assets (deficiency) –
end of year
48,776 21,818,400 (6,412,798) 15,454,378 17,998,706
