Results and Outlook
|(in thousands of Canadian dollars)||For the year ended March 31|
|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)|
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.