Statement of Management Responsibility Including Internal Control Over Financial Reporting

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2017, and all information contained in these statements rests with the management of the Canadian Radio-television and Telecommunications Commission (CRTC). These financial statements have been prepared by management using the Government's accounting policies, which are based on Canadian public sector accounting standards.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the CRTC’s financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in the CRTC’s Departmental Results Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training, and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the CRTC and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of ICFR is designed to mitigate risks to a reasonable level based on an on-going process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

The CRTC is subject to periodic Core Control Audits performed by the Office of the Comptroller General and uses the results of such audits to adhere to the Treasury Board Policy on Internal Control.

A Core Control Audit was performed in 2016–2017 by the Office of the Comptroller General. The Audit Report and related Management Action Plan are posted on the CRTC's Web site.

The financial statements of the CRTC have not been audited.


Judith A. LaRocque
Chairperson and Chief Executive Officer
Gatineau, Canada
August 4, 2017

Danielle May-Cuconato
Chief Financial Officer
Gatineau, Canada
August 4, 2017
Canadian Radio-television and Telecommunications Commission Statement of Financial Position (Unaudited)
As at March 31, 2017 (in thousands of dollars)
2017 2016
Liabilities
Accounts payable and accrued liabilities (note 4) 5,797 5,440
Vacation pay and compensatory leave 2,047 1,875
Deferred revenue (note 5) - 24
Employee future benefits (note 6) 1,999 2,743
Total gross liabilities 9,843 10,082
Liabilities held on behalf of Government
Deferred revenue (note 5) - (24)
Total liabilities held on behalf of Government - (24)
Total net liabilities 9,843 10,058
Financial assets
Due from Consolidated Revenue Fund 4,360 4,918
Accounts receivable and advances (note 7) 2,726 1,474
Total gross financial assets 7,086 6,392
Financial assets held on behalf of Government
Accounts receivable and advances (note 7) (1,071) (783)
Total financial assets held on behalf of Government (1,071) (783)
Total net financial assets 6,015 5,609
Departmental net debt 3,828 4,449
Non-financial assets
Prepaid expenses 306 176
Tangible capital assets (note 8) 2,834 2,892
Total non-financial assets 3,140 3,068
Departmental net financial position (688) (1,381)

The accompanying notes form an integral part of these financial statements.

Judith A. LaRocque
Chairperson and Chief Executive Officer
Gatineau, Canada
August 4, 2017

Danielle May-Cuconato
Chief Financial Officer
Gatineau, Canada
August 4, 2017

Canadian Radio-television and Telecommunications Commission Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2017 (in thousands of dollars)
2017
Planned Results
2017 2016
Expenses
Canadian Content Creation 17,249 16,659 16,621
Connection to the Communication System 22,512 19,594 20,646
Protection within the Communication System 12,525 12,389 11,693
Internal services 15,700 16,219 15,538
Expenses incurred on behalf of Government (329) (92) (49)
Total expenses 67,657 64,769 64,449
Revenues
Rights and privileges 110,630 110,630 109,426
Regulatory fees 60,689 59,298 60,583
Miscellaneous revenues 2,093 1,729 1,447
Revenues earned on behalf of Government (125,727) (123,972) (124,750)
Total revenues 47,685 47,685 46,706
Net cost of operations before government funding and transfers 19,972 17,084 17,743
Government funding and transfers
Net cash provided by Government - 11,452 10,808
Change in due from Consolidated Revenue Fund - (558) 40
Services provided without charge by other government departments (note 9) - 6,883 6,413
Transfer of the transition payments for implementing salary payments in arrears - - (4)
Net cost (revenue) of operations after government funding and transfers - (693) 486
Departmental net financial position - Beginning of year - (1,381) (895)
Departmental net financial position - End of year - (688) (1,381)

Segmented information (note 10)

The accompanying notes form an integral part of these financial statements.

Canadian Radio-television and Telecommunications Commission Statement of Change in Departmental Net Debt (Unaudited)
For the Year Ended March 31, 2017 (in thousands of dollars)
2017 2016
Net cost (revenue) of operations after government funding and transfers (693) 486
Change due to tangible capital assets
Acquisition of tangible capital assets 997 675
Amortization of tangible capital assets (1,055) (1,151)
Total change due to tangible capital assets (58) (476)
Change due to prepaid expenses 130 (64)
Net increase (decrease) in departmental net debt (621) (54)
Departmental net debt - Beginning of year 4,449 4,503
Departmental net debt - End of year 3,828 4,449

The accompanying notes form an integral part of these financial statements.

Canadian Radio-television and Telecommunications Commission Statement of Cash Flows (Unaudited)
For the Year Ended March 31, 2017 (in thousands of dollars)
2017 2016
Operating activities
Net cost of operations before government funding and transfers 17,084 17,743
Non-cash items:
Amortization of tangible capital assets (1,055) (1,151)
Services provided without charge by other government departments (note 9) (6,883) (6,413)
Transition payments for implementing salary payments in arrears - 4
Variations in Statement of Financial Position:
Increase (decrease) in accounts receivable and advances 964 230
Increase (decrease) in prepaid expenses 130 (64)
Decrease (increase) in accounts payable and accrued liabilities (357) (346)
Decrease (increase) in vacation pay and compensatory leave (172) 59
Decrease (increase) in future employee benefits 744 71
Cash used in operating activities 10,455 10,133
Capital investing activities
Acquisitions of tangible capital assets 997 675
Cash used in capital investing activities 997 675
Net cash provided by Government of Canada 11,452 10,808

The accompanying notes form an integral part of these financial statements.

1. Authority and objectives

The Canadian Radio-television and Telecommunications Commission (CRTC) was created by Parliament in 1968 under the Canadian Radio-television and Telecommunications Commission Act. The CRTC reports to Parliament through the Minister of Canadian Heritage.

The CRTC is vested with the authority to regulate and supervise all aspects of the Canadian broadcasting system, as well as the telecommunications services providers and common carriers that come under federal jurisdiction. The CRTC’s powers in the area of broadcasting regulation derive from the Broadcasting Act. Its powers over telecommunications come from the Telecommunications Act and from various “special acts” of Parliament passed for specific telecommunications companies.

In December 2010, Royal Assent was granted for Anti-spam legislation entitled An Act to promote the efficiency and adaptability of the Canadian economy by regulating certain activities that discourage reliance on electronic means of carrying out commercial activities, and to amend the Canadian Radio-television and Telecommunications Commission Act, the Competition Act, the Personal Information Protection and Electronic Documents Act and the Telecommunications Act (hereinafter referred to as Anti-spam legislation).Under this legislation, the CRTC has investigative and enforcement responsibilities and powers to counter spam and malware. This Act came into force on July 1, 2014.

Upon Royal Assent on June 19, 2014, the CRTC was given specific responsibilities under the Fair Elections Act, which amended the Canada Elections Act and the Telecommunications Act. The CRTC’s new responsibilities for the Voter Contact Registry program include:

a) the establishment of a secure on-line Voter Contact Registry before the next general federal election; b) maintaining the Registry; and c) conducting compliance and enforcement activities in 2015-16 and on-going.

The following are the program descriptions for the CRTC:

Canadian Content Creation

This program focuses on ensuring that a wealth of Canadian content is created and made available to all Canadians on a variety of platforms. Through its orders, decisions, licensing frameworks, and other regulatory activities, the Canadian Radio-television and Telecommunications Commission (CRTC) encourages the creation of diverse programming that reflects the attitudes, opinions, ideas, values, and artistic creativity of Canadians. By requiring the display of Canadian content in entertainment programming and the provision of information and analysis concerning Canada, the CRTC is enabling Canadians to better participate in their country's democratic and cultural life.

Connection to the Communication System

The CRTC facilitates the orderly development of a communication system for all Canadians in order to strengthen the social and economic fabric of Canada and enhance the safety and interests of Canadians. This program focuses on ensuring that Canadians can connect to a choice of accessible, innovative, and quality communication services at affordable prices, and thereby have access to, amongst other things, compelling and creative Canadian programming.

Protection within the Communication System

Through this program, the CRTC promotes compliance with and enforcement of its various laws and regulations, including unsolicited communications. It helps to ensure that Canadians have access to emergency communication services such as 9-1-1 service and alerting systems. As a result, Canadians have increased protection and benefit from a more secure communication system.

Internal Services

Internal Services are those groups of related activities and resources that the federal government considers to be services in support of programs and/or required to meet corporate obligations of an organization. Internal Services refers to the activities and resources of the 10 distinct service categories that support Program delivery in the organization, regardless of the Internal Services delivery model in a department. The 10 service categories are: Management and Oversight Services; Communications Services; Legal Services; Human Resources Management Services; Financial Management Services; Information Management Services; Information Technology Services; Real Property Services; Materiel Services; and Acquisition Services.

2. Summary of significant accounting policies

These financial statements have been prepared using the Government’s accounting policies stated below, which are based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

  1. Parliamentary authorities and vote-netting ­ The CRTC is financed in part by the Government of Canada through Parliamentary authorities (e.g. Statutory Vote for Employee Benefits Plans [EBP], Budgetary Vote for the Anti-spam legislation and Voter Contact Registry activities) and the balance by vote-netted fees it collects from the regulated industries. Vote-netting is a means of funding selected programs or activities wherein Parliament authorizes a department to apply revenues collected from fee payers towards costs directly incurred for specific activities. The CRTC has the authority to use a portion of: a) the Part I licence fees collected from broadcasters; b) the annual telecommunications fees collected from telecommunications carriers; and c) the unsolicited telecommunications fees from telemarketers to finance the regulatory costs it incurs in discharging its statutory responsibilities under the Broadcasting Act and Telecommunications Act (i.e. respendable revenue). The balance of these three fees recovers the costs for items funded through authorities (e.g. EBP) and costs incurred by other government departments on the CRTC’s behalf and are classified as non-respendable revenue. Part II broadcasting licence fees are entirely classified as non-respendable revenue.

    The accounting of fees collected and the charges to the authorities in a given year do not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and in the Statement of Financial Position are not necessarily the same as those provided through fee collection and through authorities from Parliament. Note 3 provides a reconciliation between the bases of reporting. The planned results amounts in the “Expenses” and “Revenues” sections of the Statement of Operations and Departmental Net Financial Position are the amounts reported in the Future-oriented Statement of Operations included in the 2016-17 Departmental Plans.Planned results are not presented in the “Government funding and transfers" section of the Statement of Operations and Departmental Net Financial Position and in the Statement of Change in Departmental Net Debt because these amounts were not included in the 2016-17 Departmental Plans.

  2. Net cash provided by Government ­ The CRTC operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by the CRTC is deposited to the CRF, and all cash disbursements made by the CRTC are paid from the CRF. The net cash provided to Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.
  3. Amounts due from or to the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that the CRTC is entitled to draw from the CRF without further authorities to discharge its liabilities.
  4. Revenues ­ The CRTC collects fees under the authority of the Broadcasting Act and Telecommunications Act and the regulations made pursuant to these Acts, namely the Broadcasting Licence Fee Regulations, 1997, the Telecommunications Fee Regulations, 2010 and the Unsolicited Telecommunications Fees Regulations. The CRTC’s regulatory fees recover the CRTC’s costs associated with its program activities. The Part II licence fees are regulatory charges imposed in relation to a broadcaster’s privilege (i.e. rights and privileges). These fees recover part of the Government of Canada’s substantial annual investment in the Canadian broadcasting system. Miscellaneous revenues are mainly comprised of revenues received as a result of administrative monetary penalties (AMPs) imposed due to contraventions of the Telecommunications Act relating to the National Do Not Call List (DNCL) and Canada’s Anti-Spam Legislation (CASL) and other revenues such as: interest on overdue accounts receivable for CRTC broadcasting licence fees, telecommunications fees and AMPs, miscellaneous non tax revenue (e.g. access to information (ATI) fees), and gain on disposal of capital and non-capital assets to outside parties. All revenue from AMPs is recorded as non-respendable non-tax revenue.

    Revenues from regulatory fees are recognized in the accounts based on the services provided in the year.

    Funds received from external parties for specified purposes are recorded upon receipt as deferred revenue. These revenues are recognized in the period in which the related expenses are incurred.

    Funds that have been received are recorded as deferred revenue, provided the CRTC has an obligation to other parties for the provision of goods, services or the use of assets in the future.

    Other revenues are accounted for in the period in which the underlying transaction or event that gave rise to the revenue takes place.

    Revenues that are non-respendable are not available to discharge the CRTC's liabilities. While the Chairperson and Chief Executive Officer is expected to maintain accounting control, he or she has no authority regarding the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented in reduction of the entity's gross revenues.

  5. Expenses ­ Expenses are recorded on an accrual basis:

    Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.

    Services provided without charge by other government departments for accommodation, employer contributions to the health and dental insurance plans, and workers’ compensation are recorded as operating expenses at their estimated cost.

  6. Employee future benefits
    1. Pension benefits ­ Eligible employees participate in the Public Service Pension Plan, a multiemployer pension plan administered by the Government. The CRTC’s contributions to the Plan are charged to expenses in the year incurred and represent the total departmental obligation to the Plan. The CRTC’s responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan’s sponsor.
    2. Severance benefits ­ Employees are entitled to severance benefits under labour contracts or conditions of employment. These benefits are accrued as employees render the services necessary to earn them. The obligation relating to the benefits earned by employees is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.
  7. Accounts receivables are stated at the lower of cost and net recoverable value; a valuation allowance is established for receivables where recovery is considered uncertain.
  8. Tangible capital assets – All tangible capital assets and leasehold improvements having an initial cost of $5,000 or more are recorded at their acquisition cost. The CRTC does not capitalize intangibles, works of art and historical treasures that have cultural, aesthetic or historical value, assets located on Indian Reserves and museum collections.

    Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:

    Asset Class Amortization period
    Informatics equipment 3 years
    Informatics software 5 years
    Vehicles 5 years
    Equipment 5 years
    Leasehold improvements 25 years

    Assets under construction are recorded in the applicable capital asset class in the year that they become available for use and are not amortized until they become available for use.

  9. Contingent liabilities ­ Contingent liabilities are potential liabilities that may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or if an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.
  10. Measurement uncertainty ­ The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. The most significant items where estimates are used are the allowance for doubtful accounts, the liability for employee future benefits and the useful life of tangible capital assets. Actual results could significantly differ from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

3. Parliamentary authorities

The CRTC receives most of its funding through fees assessed against the regulated industries, as well as a portion from Parliamentary authorities. Items recognized in the Statement of Operations and Departmental Net Financial Position and the Statement of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Since Parliamentary authorities are not calculated on the accrual accounting basis, the CRTC has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

(a) Reconciliation of net cost of operations to current year authorities used: (in thousands of dollars)

2017 2016
Net cost of operations before government funding and transfers 17,084 17,743
Adjustments for items affecting net cost of operations but not affecting authorities:
Decrease (increase) in employee future benefits 744 71
Services provided without charge by other government departments (6,883) (6,413)
Amortization of tangible capital assets (1,055) (1,151)
Refund of prior years’ expenditures and adjustments to payables at year end 18 43
Decrease (increase) in vacation pay and compensatory leave (172) 59
Overpayments to be recovered 279 -
Sub-total (7,069) (7,391)
Adjustments for items not affecting net cost of operations but affecting authorities:
Acquisitions of tangible capital assets 997 675
Loans issued on behalf of Government 100 32
Others 149 -
Transition payments for implementing salary payments in arrears - 4
Increase (decrease) in prepaid expenses 130 (64)
Sub-total 1,376 647
Current year authorities used 11,391 10,999

(b) Authorities provided and used (in thousands of dollars)

2017 2016
Authorities provided:
Vote 1 - Operating expenditures 7,836 7,940
Statutory amounts 6,233 6,416
Less:
Lapsed: Operating (2,678) (3,357)
Current year authorities used 11,391 10,999

4. Accounts payable and accrued liabilities

The following table presents details of the CRTC’s accounts payable and accrued liabilities: (in thousands of dollars)

2017 2016
Accounts payable - Other government departments and agencies 248 200
Accounts payable - External parties 1,160 1,628
Total accounts payable 1,408 1,828
Accrued liabilities 4,389 3,612
Total accounts payable and accrued liabilities 5,797 5,440

5. Deferred revenue

Deferred revenue represents the balance at year-end of unearned revenues stemming from amounts received from external parties for fees prior to services being performed. Revenue is recognized in the period in which these expenditures are incurred or in which the service is performed. Details of the transactions related to this account are as follows: (in thousands of dollars)

2017 2016
Opening balance 24 34
Amounts received - 24
Revenues recognized (24) (34)
Gross closing balance - 24
Deferred revenues held on behalf of Government - (24)
Net closing balance - -

6. Employee future benefits

(a) Pension benefits:

The CRTC's employees participate in the Public Service Pension Plan (the “Plan”), which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Québec Pension Plan benefits and they are indexed to inflation.

Both the employees and the CRTC contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013. Each group has a distinct contribution rate.

The 2016-2017 expense amounts to $4.3 million ($4.4 million in 2015-2016). For Group 1 members, the expense represents approximately 1.12 times (1.25 times in 2015-2016) the employee contributions and, for Group 2 members, approximately 1.08 times (1.24 times in 2015-2016) the employee contributions.

The CRTC's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan's sponsor.

(b) Severance benefits:

Severance benefits provided to the CRTC’s employees were previously based on an employee’s eligibility, years of service and salary at termination of employment. However, since 2011 the accumulation of severance benefits for voluntary departures progressively ceased for substantially all employees. Employees subject to these changes were given the option to be paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits upon departure from the public service. By March 31, 2017, all settlements for immediate cash out were completed. Severance benefits are unfunded and, consequently, the outstanding obligation will be paid from future authorities.

The changes in the obligations during the year were as follows: (in thousands of dollars)

2017 2016
Accrued benefit obligation - Beginning of year 2,743 2,814
Expense for the year (394) 571
Benefits paid during the year (350) (642)
Accrued benefit obligation - End of year 1,999 2,743

7. Accounts receivable and advances

The following table presents details of the CRTC’s accounts receivable and advances balances: (in thousands of dollars)

2017 2016
Receivables - Other government departments and agencies 1,093 649
Receivables - External parties 1,313 951
Employee advances 280 40
Overpayments to be recovered 279 -
Subtotal 2,965 1,640
Allowance for doubtful accounts on receivables from external parties (239) (166)
Gross accounts receivable 2,726 1,474
Accounts receivable held on behalf of Government (1,071) (783)
Net accounts receivable 1,655 691

8. Tangible capital assets (in thousands of dollars)

Cost Accumulated amortization Net book value
Capital asset class Opening balance Acquisitions Disposals and write-offs Closing balance Opening balance Amortization Disposals and write-offs Closing balance 2017 2016
Equipment 252 263 - 515 236 4 - 240 275 16
Vehicles 48 - - 48 28 5 - 33 15 20
Informatics equipment 2,141 283 - 2,424 1,652 335 - 1,987 437 489
Informatics software 9,676 451 - 10,127 7,580 697 - 8,277 1,850 2,096
Leasehold improvements 347 - - 347 76 14 - 90 257 271
Total 12,464 997 - 13,461 9,572 1,055 - 10,627 2,834 2,892

9. Related party transactions

The CRTC is related as a result of common ownership to all Government of Canada departments, agencies, and Crown corporations. The CRTC enters into transactions with these entities in the normal course of business and on normal trade terms. During the year, the CRTC received common services which were obtained without charge from other government departments as disclosed below.

(a) Common services provided without charge by other government departments

During the year, the CRTC received services without charge from certain common service organizations, related to accommodation, the employer's contribution to the health and dental insurance plans and worker’s compensation coverage. These services provided without charge have been recorded in the CRTC's Statement of Operations and Departmental Net Financial Position as follows: (in thousands of dollars)

2017 2016
Employer's contribution to the health and dental insurance plans 3,830 3,588
Accommodation 2,997 2,756
Worker's compensation 56 69
Total 6,883 6,413

The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Services and Procurement Canada and audit services provided by the Office of the Auditor General of Canada are not included in the CRTC's Statement of Operations and Departmental Net Financial Position.

(b) Other transactions with related parties: (in thousands of dollars)

2017 2016
Accounts receivable - Other government departments and agencies 1,093 649
Accounts payable - Other government departments and agencies 248 200
Expenses - Other government departments and agencies 1,905 1,760

Expenses and revenues disclosed in note (b) exclude common services provided without charge, which are already disclosed in (a).

10. Segmented information

Presentation by segment is based on the CRTC's program alignment architecture. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in note 2. The following table presents the expenses incurred and revenues generated for the main programs, by major object of expense and by major type of revenue. The segment results for the period are as follows: (in thousands of dollars)

Canadian Content Creation Connection to the Communication System Protection within the Communication System Internal services 2017 Total 2016 Total
Expenses
Salaries and employee benefits 13,290 15,725 9,312 12,615 50,942 51,147
Professional and special services 949 1,176 994 1,764 4,883 4,922
Accommodation 782 924 552 740 2,998 2,756
Transportation and telecommunications 409 515 477 246 1,647 1,340
Amortization 259 315 277 204 1,055 1,151
Information 378 226 142 227 973 1,064
Rentals 259 302 249 160 970 692
Machinery and equipment 175 236 194 128 733 909
Repair and maintenance 89 105 51 72 317 211
Utilities, materials and supplies 66 70 52 63 251 251
Bad debt 3 - 89 - 92 49
Other - - - - - 6
Expenses incurred on behalf of Government (3) - (89) - (92) (49)
Total expenses 16,656 19,594 12,300 16,219 64,769 64,449
Revenues
Rights and privileges 110,630 - - - 110,630 109,426
Regulatory fees 20,886 20,281 6,702 11,429 59,298 60,583
Other revenues 5 1 1,723 - 1,729 1,447
Revenues earned on behalf of Government (118,405) (3,098) (2,469) - (123,972) (124,750)
Total revenues 13,116 17,184 5,956 11,429 47,685 46,706
Net cost of operations before government funding and transfers 3,540 2,410 6,344 4,790 17,084 17,743
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