WSPS.CA | 2022 Annual Report | 15
Workplace Safety & Prevention Services
Statement of Changes in Net Assets
For the year ended March 31, 2023
The accompanying notes are an integral part of these financial statements.
2023 2022
Contributed
surplus
$
Internally
restricted
$
Unrestricted
$
Total
$
Total
$
(note 9)
Net assets
(deficiency) –
beginning
of year
48,776 21,818,400 (6,412,798) 15,454,378 17,998,706
Deficiency of revenue over
expenditures - - (2,679,087) (2,679,087) (5,845,228)
Employee future benefits
remeasurements
(note 8) - - 3,705,800 3,705,800 3,300,900
Interfund transfer (note 9) - 3,705,800 (3,705,800) - -
Net assets (deficiency)
– end of year
48,776 25,524,200 (9,091,885) 16,481,091 15,454,378
