EFIS Instructions
2025-26
2025-26 Estimates
Schedules
Schedule 1.1

Schedule 1.1 - Consolidated Statement of Operations

The Consolidated Statement of Operations shows the revenues and expenses on a consolidated basis. The revenues less the expenses are the annual surplus or deficit. This schedule also shows the accumulated surplus/deficit continuity.

This form conforms to Public Sector Accounting Board (PSAB) sections PS 1201 (Financial Statement Presentation) and PSG-4 (Funds and Reserves) with respect to the presentation of the accumulated surplus. The impact of deferred capital contributions (DCC) has been added to the form per PS-3410 (Government Transfers).

As per PSG-4, paragraph 7, when a government chooses to provide information about any funds or reserves, it does so only in the notes and schedules and not on the statement of financial position. The creation of, addition to, or deduction from funds and reserves does not create a revenue or expense, and would therefore not be reported on the statement of operations.

As per PSG-4, paragraph 10, consistent with paragraph PS 1201.078, the residual amount of the statement of operations is the ending accumulated surplus/deficit unless a separate statement reconciling the beginning and ending accumulated surplus/deficit with surplus/deficit for the period is provided. In this case, the residual amount for the statement of operations is the accumulated surplus/deficit at the end of the period.

Relationship to other schedules:

  • Revenues are loaded from Schedule 9, and expenses are loaded from Schedule 10.

  • Amortization of deferred capital contributions are loaded from Schedule 5.3:

    • Item 1.9.1 is loaded from Schedule 5.3, item 2.5, column 6.
    • Item 1.9.2 is loaded from Schedule 5.3, item 2.4, column 6.

  • DCC revenues related to the disposal of TCA (recorded on Schedule 9, items 9.2 and 9.3) are included in the value loaded to this schedule at item 1.8 (Fees and Revenues from Other Sources).

  • Additional information on the recording of revenues and expenses are included in the instructions relating to the detailed schedules.

  • The opening accumulated surplus at item 3.2 is loaded from Schedule 5, item 5, column 1.

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Schedule 3