2014
annual
report
|
Workplace
Safety
&
Prevention
Services
18
The accompanying notes are an integral part of these financial statements. The accompanying notes are an integral part of these financial statements.
Workplace safety & Prevention services Statement of Operations
For the year ended December 31
2014 2013
(Note 2)
revenue
Ministry of Labour funding/Workplace Safety and Insurance Board (Note 18) $ 32,440,735 $ 33,884,446
Training and publication recoveries
(Note 19) 9,920,053 9,919,974
Amortization of deferred capital contributions
(Note 13) 44,564 63,411
Interest income 486,387 471,741
42,891,739 44,339,572
Expenditures
Advertising and promotion 337,017 425,420
Amortization of capital assets 197,758 198,327
Board of director expenses 9,947 5,365
Employee benefits 9,134,595 8,382,490
Equipment and maintenance 75,724 79,651
Finance charges and bad debts 22,490 148,784
Insurance 216,783 232,342
IT expenses 1,061,761 1,038,068
Occupancy 3,211,280 3,028,823
Office and general (recovery) 17,058 (1,730)
Other personnel costs 453,458 563,990
Postage and courier 217,519 118,063
Professional fees 534,441 185,102
Program delivery expenses 785,981 804,444
Research 224,759 111,987
Safety product costs 1,824,123 1,652,054
Salaries 20,305,213 19,848,916
Subscriptions 107,308 92,008
Supplies, service and equipment 328,555 406,843
Telecommunications 411,390 438,179
Travel and vehicle 921,226 816,602
Volunteer expenses 101,396 170,551
40,499,782 38,746,279
excess of revenue over expenditures before undernoted 2,391,957 5,593,293
income from centre for health & Safety innovation (chSi)
(Note 7) 118,389 378,957
excess of revenue over expenditures $ 2,510,346 $ 5,972,250
