2022-23 Annual report

Financial highlights

Read the 2022-23 audited financial statements

Statement of operations and changes in net assets

Year ended March 31, 2023

Expenses20232022
Decrease risk of people getting cancer in Canada2,416,7493,387,515
Diagnose cancer faster, accurately and at an earlier stage5,431,7557,216,882
Deliver high-quality care in a sustainable, world-class system807,326794,681
Deliver supports for patients, families and caregivers4,448,1586,256,838
Culturally appropriate care closer to home7,219,6307,331,127
First Nations-, Inuit-, or Métis-governed research and data systems277,293–
Transforming research into improved care6,925,6068,346,942
Maximizing the impact of health system data to drive change and improving information flow among providers and patients3,842,6044,284,300
Public engagement and outreach and cancer strategy program support6,005,2586,364,237
37,374,37943,982,522
Operating expenses (Note 4)*
10,512,23610,725,002
47,886,61554,707,524
Revenue20232022
Government of Canada (Note 7)*
47,854,42954,419,050
Healthcare Excellence Canada–100,000
Other funding32,186188,474
47,886,61554,707,524
Excess of revenue over expenses for the year, and net assets at the end of the year––
*Refer to the audited financial statements for full details on the note.

Statement of financial position

As at March 31, 2023

Assets

Current20232022
Cash7,348,9984,448,582
Short-term Investments8,224,1438,037,660
Accounts receivable539,630615,617
Projects in process – advances (Notes 3)*578,1892,752,795
Prepaid expenses559,245677,462
17,250,20516,532,116
Capital assets (Note 4)*1,828,9282,035,624
Intangible assets (Note 5)*––
1,828,9282,035,624
19,079,13318,567,740

Liabilities and net assets

Current20232022
Accounts payable and accrued liabilities5,718,5125,244,583
Government remittances payable (Note 6)*106,31175,027
Deferred contributions – Expenses of future periods (Note 7 (a))*11,072,24110,840,807
16,897,06416,140,417
Deferred contributions – Capital and intangible assets (Note 7 (b))*1,405,5281,530,276
Lease inducements (Note 8)*776,541897,047
2,182,0692,427,323
19,079,13318,567,740
Net assets––
19,079,13318,567,740
Commitments and Guarantees (Notes 10 and 11)*
*Refer to the audited financial statements for full details on the note.

Statement of cash flows

Year ended March 31, 2023

Increase (decrease) in cash

Operating Activities20232022
Government of Canada contributions received (Note 7)*47,500,00052,500,000
Other contributions received109,990555,635
Interest received on short-term investments501,05670,829
Interest paid to Government of Canada(70,993)(63,281)
Cash paid for programs and operating expenses(44,921,751)(50,214,028)
3,118,3022,849,155
Operating Activities20232022
Government of Canada contributions received (Note 7)*47,500,00052,500,000
Other contributions received109,990555,635
Interest received on short-term investments501,05670,829
Interest paid to Government of Canada(70,993)(63,281)
Cash paid for programs and operating expenses(44,921,751)(50,214,028)
3,118,3022,849,155
Investing Activities20232022
Purchase of short-term investments–(7,000,000)
Redemption of short-term investments–4,001,145
–(2,998,855)
Investing Activities20232022
Purchase of short-term investments–(7,000,000)
Redemption of short-term investments–4,001,145
-(2,998,855)
Financing Activities20232022
Purchase of capital and intangible assets(217,886)(69,764)
(217,886)(69,764)
Financing Activities20232022
Purchase of capital and intangible assets(217,886)(69,764)
(217,886)(69,764)
Increase (decrease) in cash2,900,416(219,464)
Cash, beginning of year4,448,5824,668,046
Cash, end of period7,348,9904,448,582
*Refer to the audited financial statements for full details on the note.
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