YEAR IN REVIEW – OUR RESULTS
Parliamentary appropriations for operating expenditures increased by $74.0 million (8.0%) in 2016-2017. This is consistent with the additional $75 million in government funding received as base operating funding in 2016-2017. This reinvestment in CBC/Radio-Canada by the federal government was announced in March 2016. The small offset of $1.0 million in operating appropriations reflects the annual transfer to the capital appropriation for bond payments.
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 $1.8 million (1.9%) largely reflects the lower value of our asset base as we simplify our infrastructure and reduce our real estate footprint.