Issued also in French under title: Rapport financier trimestriel.
- Catalogue Number
- K22-3E-PDF
- Chronology
- First quarter, 2011-
- Department/Agency
- Canada Council for the Arts.
- Frequency
- Quarterly
- Pages
- 24
- Published in
- Ottawa
- Rights
- © His Majesty the King in Right of Canada, as represented by the Minister of Canada Council for the Arts.
- Series
- Quarterly financial report .
- Source
- Government of Canada
- Subject
- Financial statements Arts
- Variant Title
- Quarterly financial statements of Canada Council for the Arts
Table of Contents
- INTRODUCTION 3
- HIGHLIGHTS 3
- Survey on the state of the sector 3
- Kapwani Kiwanga Trinket unveiled at Venice Art Biennale 2024 4
- Pan-Canadian delegation at the Marché des Arts du Spectacle dAbidjan MASA 4
- Madweyàshkà Like a Wave exhibition in Âjagemô art space 4
- Anishinaabe Algonquin artwork added to the Canada Council Art Banks collection 4
- Operational changes 4
- No changes. 4
- Leadership and Governance changes 4
- New Director General Strategy and Public Affairs 4
- Overview of the First Quarter Net Results 5
- Revenues 5
- Net realized investment income 5
- Expenses 5
- Grants author payments and prizes 6
- Assets 6
- Portfolio Investments 6
- Financial Assets 6
- Liabilities 7
- Grants author payments and prizes payable 7
- Accounts payable and accrued liabilities 7
- Deferred revenues 7
- Externally restricted contributions 7
- Non-Financial Assets 7
- RISK MANAGEMENT 8
- Risk Governance 8
- Risk Appetite 8
- Risk Profile 8
- Art Bank assets 8
- Musical instruments 8
- Prepaid expenses 8
- Financial Risk 9
- USE OF PARLIAMENTARY APPROPRIATION 9
- Approved annual operating funding 9
- Vote 1 - Operating costs 9
- Parliamentary appropriations for operating expenses recorded in the Statement of Operations for the three-month period 9
- Balance of operating funding to be received 9
- Managements Responsibility for Financial Reporting 11
- Statement of Financial Position 12
- FINANCIAL ASSETS 12
- LIABILITIES 12
- NET FINANCIAL ASSETS 12
- NON-FINANCIAL ASSETS 12
- ACCUMULATED SURPLUS Note 6 12
- Statement of Operations 13
- Revenue 13
- Expenses 13
- Statement of Changes in Net Financial Assets 14
- NET FINANCIAL ASSETS END OF PERIOD 316143 328925 14
- Statement of Remeasurement Gains and Losses 14
- Unrealized gains attributable to 14
- Amounts reclassified to the Statement of Operations 14
- ACCUMULATED REMEASUREMENT GAINS END OF PERIOD 14
- Statement of Cash Flows 15
- Operating Transactions 15
- Capital Transactions 15
- Investing Transactions 15
- CASH END OF PERIOD 38913 108083 15
- 1. AUTHORITY MANDATE AND ACTIVITIES 16
- 2. SIGNIFICANT ACCOUNTING POLICIES 16
- Basis of accounting asis of preparation 16
- Notes to the Financial Statements For the period ended June 30 2024 16
- Measurement uncertainty Budgeted figures 17
- 3. PORTFOLIO INVESTMENTS 17
- Canada Council Endowment and Special Funds 17
- Killam Fund 17
- Total Portfolio investments 17
- Notes to the Financial Statements continued For the period ended June 30 2024 17
- Notes to the Financial Statements continued For the period ended June 30 2024 18
- 4. FINANCIAL RISKS AND FAIR VALUE 19
- Notes to the Financial Statements continued For the period ended June 30 2024 19
- Notes to the Financial Statements continued For the period ended June 30 2024 20
- Canada Council Endowment and Special Funds 21
- Killam Fund 21
- 5. DEFERRED REVENUES - EXTERNALLY RESTRICTED CONTRIBUTIONS 21
- Notes to the Financial Statements continued For the period ended June 30 2024 21
- 6. ACCUMULATED SURPLUS 22
- Accumulated surplus from operations 22
- Total accumulated surplus from operations 22
- Accumulated remeasurement gains losses 22
- Balance of accumulated surplus at end of period 22
- Notes to the Financial Statements continued For the period ended June 30 2024 22
- 7. NET REALIZED INVESTMENT INCOME 23
- 8. NET ART BANK RESULTS 23
- 9. CANADIAN COMMISSION FOR UNESCO 23
- Notes to the Financial Statements continued For the period ended June 30 2024 23
- 11. RELATED PARTY TRANSACTIONS 24
- 10. NET CHANGE IN OTHER NON-CASH ITEMS 24
- Notes to the Financial Statements continued For the period ended June 30 2024 24
