2015
ANNUAL
REPORT
|
Workplace
Safety
&
Prevention
Services
18
Ahead of the Curve | WSPS.CA/AnnualReport The accompanying notes are an integral part of these financial statements.
Workplace Safety & Prevention Services Statement of Operations
For the year ended December 31, 2015
2015 2014
Revenue
Ministry of Labour funding (note 13) $ 30,149,056 $ 32,440,735
Training and publication recoveries
(note 14) 10,554,209 9,775,366
Amortization of deferred capital contributions
(note 9) 44,564 44,564
Interest income 596,266 486,387
Other income 229,940 144,687
41,574,035 42,891,739
Expenditures
Advertising and promotion 533,016 337,017
Amortization of capital assets 197,973 197,758
Board of director expenses 11,648 9,947
Employee benefits
(note 10) 9,000,450 9,134,595
Equipment and maintenance 91,862 75,724
Finance charges and bad debts 178,647 22,490
Insurance 200,864 216,783
IT expenses 996,354 1,061,761
Occupancy 2,654,543 3,211,280
Office and general 10,179 17,058
Other personnel costs 325,441 453,458
Postage and courier 185,420 217,519
Professional fees 413,351 534,441
Program delivery expenses 812,643 785,981
Research 34,107 224,759
Safety product costs 1,979,060 1,824,123
Salaries 21,373,995 20,305,213
Subscriptions 82,092 107,308
Supplies, service and equipment 373,417 328,555
Telecommunications 377,632 411,390
Travel and vehicle 986,395 921,226
Volunteer expenses 85,385 101,396
40,904,474 40,499,782
Excess of revenue over expenditures before undernoted 669,561 2,391,957
Income from CHSI
(note 4) 307,275 118,389
Excess of revenue over expenditures $ 976,836 $ 2,510,346
