Workplace Safety & Prevention Services
Statement of Operations
For the year ended March 31, 2022
The accompanying notes are an integral part of these financial statements.
2022
$
2021
$
Revenue
Ministry of Labour, Training and Skills Development funding (note 13) 29,612,686 31,783,201
Training and publication recoveries (note 10) 6,719,893 5,085,836
Amortization of deferred capital contributions 50,335 141,516
Interest income 635,021 853,719
Other income 208,796 124,332
Canada Emergency Wage Subsidies 802,953 2,866,946
38,029,684 40,855,550
Expenditures
Advertising and promotion 592,412 679,775
Amortization of capital assets 50,335 258,295
Board of director expenses 2,344 1,477
Employee benefits (note 8) 8,967,207 8,183,316
Equipment and maintenance 122,339 88,424
Finance charges and bad debts (note 12) 1,991,154 123,120
Insurance 255,074 236,825
IT expenses 2,867,160 2,232,383
Occupancy (note 12) 1,713,648 252,895
Office and general 111,275 95,466
Other personnel costs 251,587 202,112
Postage and courier 36,534 31,059
Professional fees 716,267 576,387
Program delivery expenses 1,757,028 1,274,682
Research 235,063 144,686
Salaries 23,265,765 22,684,548
Subscriptions 128,749 124,301
Supplies, service and equipment 134,342 266,764
Telecommunications 305,346 486,130
Travel and vehicle 190,630 85,546
Volunteer expenses 180,651 183,394
43,874,912 38,211,585
Excess (deficiency) of revenue over expenditures before
undernoted
(5,845,228) 2,643,965
Loss from CHSI (note 4)
- (2,453,302)
Excess (deficiency) of revenue over expenditures for the year
(5,845,228) 190,663
