14 | Workplace Safety & Prevention Services
Workplace Safety & Prevention Services
Statement of Operations
For the year ended March 31, 2023
The accompanying notes are an integral part of these financial statements.
2023
$
2022
$
Revenue
Ministry of Labour, Immigration, Training and Skills Development funding
(note 13) 30,851,596 29,612,686
Training
and publication recoveries (note 10) 8,635,669 6,719,893
Amortization of deferred capital contributions 4,397 50,335
Interest income 942,156 635,021
Other income 206,944 208,796
Canada Emergency
Wage Subsidies - 802,953
40,640,762 38,029,684
Expenditures
Advertising and promotion 733,543 592,412
Amortization of capital assets 4,397 50,335
Board of director expenses - 2,344
Employee
benefits (note 8) 8,976,416 8,967,207
Equipment and maintenance 82,284 122,339
Finance charges
and bad debts (note 12) 181,710 1,991,154
Insurance 279,437 255,074
IT expenses 2,820,314 2,867,160
Occupancy
(note 12) 2,272,771 1,713,648
Office and
general 148,377 111,275
Other personnel costs 182,136 251,587
Postage
and courier 37,175 36,534
Professional fees 755,698 716,267
Program
delivery expenses 1,817,558 1,757,028
Research 115,959 235,063
Salaries 23,704,159 23,265,765
Subscriptions 134,653 128,749
Supplies, service and equipment
120,560 134,342
Telecommunications 177,696 305,346
Travel and vehicle 570,258 190,630
Volunteer expenses 204,748 180,651
43,319,849 43,874,912
Deficiency of revenue over expenditures for the year
(2,679,087) (5,845,228)
