FINANCIAL SUSTAINABILITY
YEAR IN REVIEW – OUR RESULTS
GOVERNMENT FUNDING
| For the year ended March 31 | |||
|---|---|---|---|
| 2018 | 2017 | % change | |
| Parliamentary appropriations for operating expenditures | 1,110,262 | 1,002,307 | 10.8 |
| Parliamentary appropriations for working capital | 4,000 | 4,000 | - |
| Amortization of deferred capital funding | 93,487 | 92,778 | 0.8 |
| TOTAL | 1,207,749 | 1,099,085 | 9.9 |
Parliamentary appropriations for operating expenditures are recognized based on our working capital requirements voted by parliament.
Capital funding is recorded as deferred capital funding. It is amortized and recognized as revenue over the same periods as the related property, equipment and intangible assets are used in CBC/Radio-Canada’s operations.
Parliamentary appropriations for operating expenditures increased by $108.0 million (￪10.8%) in 2017-2018. This is consistent with the additional $75 million in government funding received as base operating funding in 2017-2018. This reinvestment in CBC/Radio-Canada by the federal government was announced in March 2016. In addition, we received salary inflation funding of $34.1 million for 2016-2017 and 2017-2018 in 2017-2018.
