MESSAGES YEARIN REVIEW RESULTS
AND OUTLOOK RESOURCES FINANCIAL
REPORTING GOVERNANCE PERFORMANCE About
Government Funding
| (in thousands of Canadian dollars) | For the year ended March 31 | ||
| 2014 | 2013 | % change | |
| Parliamentary appropriations for operating expenditures | 975,618 | 999,484 | (2.4) |
| Parliamentary appropriations for working capital | 4,000 | 4,000 | - |
| Amortization of deferred capital funding | 111,280 | 151,366 | (26.5) |
| TOTAL | 1,090,898 | 1,154,850 | (5.5) |
Parliamentary appropriations for operating expenditures decreased by $23.9 million (2.4%) compared to 2012—2013. The 2013—2014 portion of an overall annual reduction of $115 million, phased in over three years as part of Federal Budget 2012, was a year-over-year decrease of $41.8 million. This was partly offset by salary inflation funding for fiscal year 2013—2014. Salary inflation funding was received for the first time this year since 2009—2010, but a freeze in funding has been reintroduced for fiscal years 2014—2015 and 2015—2016.
Capital funding received is recorded as deferred capital funding. It is amortized and recognized as revenue over the same periods as the related property and equipment, and intangible assets are used in CBC/Radio-Canada’s operations. The decrease of $40.1 million (26.5%) was mainly due to accelerated depreciation triggered by the shutdown of analogue TV and shortwave assets recognized in 2012—2013.
