Results and Outlook


(in thousands of Canadian dollars) For the year ended March 31
2015 2014 % change
Parliamentary appropriations for operating expenditures 929,284 975,618 (4.7)
Parliamentary appropriations for working capital 4,000 4,000 -
Amortization of deferred capital funding 102,812 111,280 (7.6)
TOTAL 1,036,096 1,090,898 (5.0)

Parliamentary appropriations for operating expenditures decreased by $46.3 million (4.7%) in 2014-2015 compared to the previous year. This is consistent with implementing the final phase of Federal Budget 2012.

Capital funding is recorded as deferred capital funding. It is amortized and recognized as revenue over the same periods as the related property and equipment, and intangible assets are used in CBC/Radio-Canada’s operations. The decrease of $8.5 million (7.6%) largely reflects the lower value of our asset base as we simplify our infrastructure and reduce our real estate footprint, consistent with our strategy.