These legacy liabilities are the result of decades of significant contributions and advancements in nuclear science which have benefitted Canadians and the world, including the development of the CANDU technology and the production of medical isotopes which are used in the diagnostic and treatment of cancer and other diseases. [...] AECL is now focused on the decontamination and decommissioning of redundant structures and buildings, the remediation of contaminated lands, and the management and disposal of radioactive waste at AECL sites, primarily at the Chalk River Laboratories and the Whiteshell Laboratories in Manitoba. [...] The in situ decommissioning of the WR-1 research reactor and the Nuclear Power Demonstration reactor is progressing with collaboration and engagement between CNL and Indigenous Nations and communities, with both projects adjusting their approach and documentation to reflect the lessons learned from the regulatory process of the Near Surface Disposal Facility. [...] AECL was incorporated in 1952 under the provisions of the Canada Corporations Act (and continued in 1977 under the provisions of the Canada Business Corporations Act), pursuant to the authority and powers of the Minister of Energy and Natural Resources under the Nuclear Energy Act. [...] Measurement Uncertainty The preparation of the quarterly financial statements in accordance with PSAS requires management to make estimates and assumptions that affect the reported amounts of financial assets, liabilities and non-financial assets at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period.
Authors
- Pages
- 31
- Published in
- Canada
Table of Contents
- First Quarter Financial Report 1
- Financial Statements Unaudited 1
- As at and for the three months ended 1
- June 30 2024 1
- President and Chief Executive Officer 3
- MANAGEMENTS NARRATIVE DISCUSSION 4
- Introduction Our Business 4
- First Quarter Highlights for 2024-25 7
- Species at Risk Act 11
- Fisheries Act 11
- AECL Funding GoCo Contract 11
- Forward-Looking Statements Management of Risks and Uncertainties 12
- Financial Review 14
- Cash Flow and Working Capital 16
- Highlights of the Statement of Financial Position 17
- Use of Parliamentary Appropriations 17
- MANAGEMENTS RESPONSIBILITY 18
- President and Chief Executive Officer 18
- Chief Financial Officer 18
- UNAUDITED FINANCIAL STATEMENTS 19
- NOTES TO THE FINANCIAL STATEMENTS 24
- 1. General Information 24
- Canada Corporations Act Canada Business Corporations Act Nuclear Energy Act Financial Administration Act 24
- 2. Significant Accounting Policies 24
- Basis of Accounting 24
- Measurement Uncertainty Budget Figures 25
- 3. Investments 25
- 4. Trade and Other Receivables 26
- 5. Accounts Payable and Accrued Liabilities 26
- 6. Employee Future Benefits 27
- 7. Decommissioning and Waste Management Provision 27
- 8. Contaminated Sites Liability 28
- 9. Tangible Capital Assets 29
- 10. Parliamentary Appropriations 30
- 11. Contractual Arrangement 30
