{"id":3907,"date":"2022-02-01T09:49:54","date_gmt":"2023-03-03T14:49:56","guid":{"rendered":"https:\/\/nsirademosite.mbeaudry.ca\/?page_id=3907"},"modified":"2026-02-02T13:48:15","modified_gmt":"2026-02-02T18:48:15","slug":"financial-statements-nsira-2020-21","status":"publish","type":"page","link":"https:\/\/nsira-ossnr.gc.ca\/en\/secretariat\/secretariat-operations\/financial-statements-nsira-2020-21\/","title":{"rendered":"Financial Statements: NSIRA 2020\u201321"},"content":{"rendered":"\n<style>\n.share-row-container {\n    display: flex;\n    flex-wrap: nowrap;\n    justify-content: center;\n    gap: 10px;\n    border-radius: 10px;\n    list-style: none;\n}\n.share-item-link {\n    color: #fff !important;\n    padding: 4px 12px;\n    border-radius: 5px;\n    text-decoration: none !important;\n    font-size: 14px;\n    display: flex;\n    align-items: center;\n    white-space: nowrap;\n    transition: transform 0.2s;\n}\n.share-item-link:hover { transform: translateY(-2px); }\n.share-text-label { color: #fff; font-weight: bold; padding: 4px 12px; }\n<\/style>\n\n<div id=\"hero-banner-post\" style=\"background:url(\/wp-content\/uploads\/Reports-post-hero.jpg);background-size:cover;background-position:unset;border-width:0 0 10px 0;border-color:#eeeeee;padding:50px 0;\">\n<div class=\"grid-container\">\n<div class=\"grid-row\">\n<div class=\"text-center grid-lg-12 grid-md-12 grid-12\">\n<h1 style=\"font-size: 2.25em; border:none;\" class=\"has-text-color has-white-color wp-block-post-title\">Financial Statements: NSIRA 2020\u201321<\/h1>\n<hr class=\"wp-block-separator has-white-background-color\">\n<div style=\"display:inline-block;text-align:left;\">\n<ul class=\"share-row-container\">\n<li class=\"share-text-label\">Share on:<\/li><li>\n        <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fnsira-ossnr.gc.ca%2Fen%2Fwp-json%2Fwp%2Fv2%2Fpages%2F3907\" target=\"_blank\" class=\"share-item-link\">\n        <svg viewBox=\"0 0 16 16\" 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class=\"g-toc-title\">Table of Contents<\/div><\/div><\/div><div class=\"g-toc-body\" style=\"display:\"><ol class=\"g-ordered-list\" type=\"none\"><li><a href=\"#statement-of-management\">Statement of Management Responsibility Including Internal Control over Financial Reporting<\/a><\/li><li><a href=\"#notes-to-the-financial\">Statement of Financial Position (Unaudited)<\/a><\/li><li><a href=\"#notes-to-the-financial\">Statement of Operations and Departmental Net Financial Position&nbsp;(Unaudited)<\/a><\/li><li><a href=\"#notes-to-the-financial\">Statement of Change in Departmental Net Debt&nbsp;(Unaudited)<\/a><\/li><li><a href=\"#6--statement-of-cash-flows--unaudited--\">Statement of Cash Flows (Unaudited)<\/a><\/li><li><a href=\"#7--notes-to-the-financial-statements----unaudited--\">Notes to the Financial Statements&nbsp;(Unaudited)<\/a><ol class=\"child-list\"><li><a href=\"#8--authority-and-objectives-\">1. Authority and objectives<\/a><\/li><li><a href=\"#11-2-summary-of-significant-accounting%C2%A0policies\">2. Comparative Information<\/a><\/li><li><a href=\"#3\">3. Summary of significant accounting policies<\/a><\/li><li><a href=\"#note3\">4. Parliamentary&nbsp;authorities<\/a><\/li><li><a href=\"#24-4-accounts-payable-and-accrued-liabilities\">5. Accounts payable and accrued liabilities<\/a><\/li><li><a href=\"#25-5-employee-future-benefits\">6. Employee future benefits<\/a><\/li><li><a href=\"#28-6-accounts-receivable-and-advances\">7. Accounts receivable and advances<\/a><\/li><li><a href=\"#29-7-tangible-capital-assets\">8. Tangible capital assets<\/a><\/li><li><a href=\"#30-8-contractual-obligations\">9. Contractual obligations<\/a><\/li><li><a href=\"#31-9-related-party-transactions\">10. Related party transactions<\/a><\/li><li><a href=\"#34-10-segmented-information\">11. Segmented information<\/a><\/li><\/ol><\/li><li><a href=\"#36--annex-to-the-statement-of-management-responsibility-including-internal-control-over-financial-reporting-for-fiscal-year-2021-22-unaudited-\">Annex to the Statement of Management Responsibility Including Internal Control over Financial Reporting for Fiscal Year 2021-22 (unaudited)<\/a><ol class=\"child-list\"><li><a href=\"#37-1--introduction-\">1.&nbsp;Introduction<\/a><\/li><li><a href=\"#38-2--departmental-system-of-internal-control-over-financial-reporting-\">2.&nbsp;Departmental system of internal control over financial reporting<\/a><\/li><li><a href=\"#43-3--departmental-assessments-results-during-fiscal-year-2021-22-\">3.&nbsp;Departmental assessments results during fiscal year 2021-22<\/a><\/li><li><a href=\"#44-4--departmental-action-plan-\">4.&nbsp;Departmental action plan<\/a><\/li><\/ol><\/li><\/ol><\/div><\/div><\/div><\/section>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n<\/div><\/div>\n\n\n\n<div id=\"col-gm69fe5e\" class=\"wp-block-gutentor-m4-col col-gm69fe5e gutentor-single-column  grid-lg-9 grid-md-12 grid-12 content-body\"><div id=\"section-gm69fe5e\" class=\"section-gm69fe5e gutentor-col-wrap\">\n<p class=\"mrgn-bttm-0 has-nsira-blue-color has-text-color\"><strong>Date of Publishing:<\/strong><\/p>\n\n\n<div class=\"mrgn-bttm-lg wp-block-post-date\"><time datetime=\"2022-02-01T09:49:54-05:00\">February 1, 2022<\/time><\/div>\n\n\n<div id=\"gm8077554\" class=\"wp-block-gutentor-m1 section-gm8077554 gutentor-module gutentor-element-button-group g-btn-horizontal-d g-btn-horizontal-t g-btn-horizontal-m\"><div class=\"gutentor-element-button-group-wrap\">\n<div id=\"section-g1a14c3\" class=\"wp-block-gutentor-e2 section-g1a14c3 gutentor-element gutentor-element-button\"><span class=\"gutentor-button-wrap\"><a class=\"gutentor-button gutentor-block-button btn-modern1 gutentor-icon-before\" href=\"\/wp-content\/uploads\/DFS_20-21_EN.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><i class=\"gutentor-button-icon fas fa-file-alt\"><\/i><span>Download PDF<\/span><\/a><\/span><\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-nsira-blue-color has-text-color\" id=\"statement-of-management\"><strong>Statement of Management Responsibility Including Internal Control over Financial Reporting<\/strong><\/h2>\n\n\n\n<p>Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2021, and all information contained in these financial statements rests with the management of the National Security and Intelligence Review Agency (NSIRA). These financial statements have been prepared by management using the Government of Canada\u2019s accounting policies, which are based on Canadian public sector accounting standards.<\/p>\n\n\n\n<p>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\u2019s 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 NSIRA\u2019s financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in NSIRA\u2019s Departmental Results Report, is consistent with these financial statements.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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 NSIRA and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.<\/p>\n\n\n\n<p>The system of ICFR is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.<\/p>\n\n\n\n<p>A risk-based assessment of the system of ICFR for the year ended March 31, 2021 was completed in accordance with the Treasury Board Policy on Financial Management and the results and action plans are summarized in the Annex.<\/p>\n\n\n\n<p>The financial statements of the National Security Intelligence Review Agency have not been audited.<\/p>\n\n\n\n<p><strong>John Davies<\/strong><br>Deputy Head<\/p>\n\n\n\n<p><strong>Pierre Souligny<\/strong><br>Chief Financial Officer<\/p>\n\n\n\n<p>Ottawa, Canada<br>December 10, 2021<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"notes-to-the-financial\"><strong>Statement of Financial Position (<em>Unaudited<\/em>)<\/strong><\/h2>\n\n\n\n<p><strong>As of March 31<\/strong> <em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 through March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Liabilities<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts payable and accrued liabilities <a href=\"#note5\">(Note 5)<\/a><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,519<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,560<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Vacation pay and compensatory leave<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>215<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">323<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Employee future benefits <a href=\"#note6\">(Note 6b)<\/a><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>316<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">146<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total liabilities<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>2,050<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">2,029<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Financial assets<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Due from Consolidated Revenue Fund<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>946<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,536<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts receivable and advances <a href=\"#note7\">(Note 7)<\/a><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>632<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">90<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total net financial assets<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,578<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,626<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net debt<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>472<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">403<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Non-financial assets<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Prepaid expenses<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>92<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">109<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Tangible capital assets <a href=\"#note8\">(Note 8)<\/a><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>2,149<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">967<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total non-financial assets<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>2,241<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,076<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net financial position<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,769<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">673<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p>Contractual obligations&nbsp;<a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2020-21#9\">(note 9)<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2020-21#1\">The accompanying notes<\/a>&nbsp;form an integral part of these financial statements.<\/p>\n\n\n\n<p><strong>John Davies<\/strong><br>Deputy Head<\/p>\n\n\n\n<p><strong>Pierre Souligny<\/strong><br>Chief Financial Officer<\/p>\n\n\n\n<p>Ottawa, Canada<br>December 10, 2021<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"notes-to-the-financial\"><strong>Statement of Operations and Departmental Net Financial Position&nbsp;<em>(Unaudited)<\/em><\/strong><\/h2>\n\n\n\n<p><strong><strong>For the Year Ended March 31<\/strong><\/strong> <em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">Planned Results 2021<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the period July 12, 2019 through March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"4\"><strong>Expenses<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Assist the National Security Intelligence Review Agency<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>12,056<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>5,769<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">3,671<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Internal Service<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>13,724<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>5,893<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">2,659<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total expenses<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>25,780<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">11,662<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cost from continuing operations <\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">25,780<\/strong><strong> <\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">11,662<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cost of operations before government funding and transfers<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">25,780<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">11,662<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"4\"><strong>Government funding and transfers<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Net cash provided by Government of Canada<\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong><span style=\"text-align: right;\">12,401<\/span><\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">3,919<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Change in due from Consolidated Revenue Fund<\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(590)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,536<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Services provided without charge by other government departments (Note 10a)<\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,007<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">611<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of overpayments<\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(60)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of assets and liabilities from other government departments<\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">937<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cost of operations after government funding and transfers<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(1,096)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(673)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net financial position \u2013 Beginning of year<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>673<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net financial position \u2013 End of year<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&nbsp;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,769<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">673<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p>Segmented information&nbsp;<a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2020-21#11\">(note 11)<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2020-21#1\">The accompanying notes<\/a>&nbsp;form an integral part of these financial statements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"notes-to-the-financial\"><strong>Statement of Change in Departmental Net Debt&nbsp;<em>(Unaudited)<\/em><\/strong><\/h2>\n\n\n\n<p><strong><strong>For the Year Ended March 31<\/strong><\/strong> <em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the period July 12, 2019 through March 31, 2020<\/th>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td style=\"text-align: left;\"><strong>Net cost of operations after government funding and transfers<\/strong><\/td>\n\t\t\t<td class=\"active text-center\" style=\"text-align: right;\"><strong>(1,096)<\/strong><\/td>\n\t\t\t<td class=\"active text-center\" style=\"text-align: right;\">(673)<\/td>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Change due to tangible capital assets<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Acquisition of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,353<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">14<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Amortization of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(171)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of tangible capital asset to\/from other government department<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">953<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total change due to tangible capital assets<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong><span style=\"text-align: right;\">1,182<\/span><\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">967<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Change due to prepaid expenses<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(17)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">109<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net increase (decrease) in departmental net debt <\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>69<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">403<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net debt \u2013 Beginning of year <\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>403<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Departmental net debt \u2013 End of year <\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong style=\"text-align: right;\">472<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">403<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p>The accompanying&nbsp;<a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2021-22#notesLink\">notes<\/a>&nbsp;form an integral part of these financial statements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6--statement-of-cash-flows--unaudited--\"><strong>Statement of Cash Flows (<em>Unaudited<\/em>)<\/strong><\/h2>\n\n\n\n<p><strong>For the Year Ended March 31&nbsp;<\/strong><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 through March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Operating activities<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cost of operations before government funding and transfers<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>11,662<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Non-cash items:<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Amortization of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(171)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of tangible capital assets to\/from other government department<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">953<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Services provided without charge by other government departments (Note 9a)<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(1,007)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(611)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of overpayments<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>60<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Variations in Statement of Financial Position:<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Increase (decrease) in accounts receivable and advances<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>542<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">90<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Increase (decrease) in prepaid expenses<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(17)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">109<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Decrease (increase) in accounts payable and accrued liabilities<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>41<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(1,560)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Decrease (increase) in vacation pay and compensatory leave<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>108<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(323)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Decrease (increase) in future employee benefits<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(170)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(146)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transfer of liabilities to other government departments<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">(937)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Cash used in operating activities<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>11,048<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">3,905<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Capital ingesting activities<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Acquisitions of tangible capital assets (Note 8)<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,353<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">14<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Cash used in capital investing activities<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,353<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">14<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cash provided by Government of Canada<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>12,401<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">3,919<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p>The accompanying&nbsp;<a href=\"https:\/\/nsira-ossnr.gc.ca\/financial-statements-nsira-2021-22#notesLink\">notes<\/a>&nbsp;form an integral part of these financial statements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7--notes-to-the-financial-statements----unaudited--\"><strong>Notes to the Financial Statements&nbsp;<\/strong><strong><em>(Unaudited)<\/em><\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8--authority-and-objectives-\"><strong>1. Authority and objectives<\/strong><\/h3>\n\n\n\n<p>On July 12, 2019 Bill C-59 enacted the&nbsp;<em>National Security and Intelligence Review Agency Act (NSIRA Act)<\/em>, and repealed the provisions of the&nbsp;<em>Canadian Security Intelligence Service Act (CSIS Act)<\/em>&nbsp;which governed the activities of Security Intelligence Review Committee (SIRC). The National Security Intelligence Review Agency (NSIRA) has a statutory mandate to review the activities of the Canadian Security Intelligence Service (CSIS) and the Communications Security Establishment (CSE), as well as the national security and intelligence activities of all other federal departments and agencies. To fulfill its review mandate, NSIRA has unfettered access to classified information other than Cabinet confidences. In addition, NSIRA inherited the complaints investigation functions of the SIRC, which was responsible for hearing complaints from members of the public regarding the actions of CSIS, as well as those related to the revocation or denial of security clearances. Going forward, it will also hear complaints regarding the CSE, as well as national security-related complaints regarding the Royal Canadian Mounted Police (RCMP).<\/p>\n\n\n\n<p>To achieve its strategic outcome and deliver results for Canadians, NSIRA articulates its plans and priorities based on the core responsibility and program inventory included below:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"8-assist-the-nsira\">Assist the NSIRA<\/h4>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"9-support-the-conduct-of-reviews-and-investigations-and-the-development-of-reports\">Support the Conduct of Reviews and Investigations, and the Development of Reports<\/h5>\n\n\n\n<p>The secretariat will assist NSIRA members in fulfilling the agency\u2019s mandate. The Secretariat will conduct a range of activities to support the agency, including accessing relevant information and providing strategic and expert advice in the conduct of reviews, quasi-judicial investigation of complaints and the development of reports. It will also provide administrative support in arranging for briefings, hearings and consultations with stakeholders and international counterparts, and support to ensure compliance with security requirements.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"10-internal-services\">Internal Services<\/h5>\n\n\n\n<p>Internal support services are groups of related activities and resources that are administered to support the needs of programs and other corporate obligations of an organization. These groups 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; Acquisition Services; and Other Administrative Services. Internal Services include only those activities and resources that apply across an organization and not to those provided specifically to a program.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"11-2-summary-of-significant-accounting%C2%A0policies\">2. Comparative Information<\/h3>\n\n\n\n<p>The comparative information (2019-20) included in these financial statements represent the partial year results of operations for the period July 12, 2019 through March 31, 2021, and the financial position of the NSIRA as at March 31, 2020, including all transferred assets and liabilities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3\">3. Summary of significant accounting policies<\/h3>\n\n\n\n<p>These financial statements are prepared using NSIRA\u2019s 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.<\/p>\n\n\n\n<p>Significant accounting policies are as follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"13-a-parliamentary-authorities\">(a) Parliamentary authorities<\/h4>\n\n\n\n<p>NSIRA is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to NSIRA 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 authorities from Parliament. Note 4 provides a reconciliation between the bases of reporting. The planned results amounts in the \u201dExpenses\u201d and \u201dRevenues\u201d 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 2020-2021 Departmental Plan. The planned results amounts in the \u201cGovernment funding and transfers\u201d section of the Statement of Operations and Departmental Net Financial Position and in the Statement of Change in Departmental Net Debt were prepared for internal management purposes and have not been previously published.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"13--b------net-cash-provided-by-government-of-canada-\">(b) Net cash provided by&nbsp;Government of Canada<\/h4>\n\n\n\n<p>NSIRA operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by NSIRA is deposited to the CRF, and all cash disbursements made by NSIRA are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"15-c-amounts-due-from-or-to-the-crf\">(c) Amounts due from or to the CRF<\/h4>\n\n\n\n<p>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 NSIRA is entitled to draw from the CRF without further authorities to discharge its liabilities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"15--d------expenses-\">(d) Expenses<\/h4>\n\n\n\n<ul>\n<li>Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.<\/li>\n\n\n\n<li>Services provided without charge by other government departments for accommodation, employer contributions to the health and dental insurance plans and workers\u2019 compensation are recorded as operating expenses at their carrying value.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"16--e------employee-future-benefits-\">(e) Employee future&nbsp;benefits<\/h4>\n\n\n\n<ul>\n<li><strong>Pension benefits:<\/strong>&nbsp;Eligible employees participate in the Public Service Pension Plan, a pension plan administered by the Government. NSIRA\u2019s contributions to the Plan are charged to expenses in the year incurred and represent the total departmental obligation to the Plan. NSIRA\u2019s 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\u2019s sponsor.<\/li>\n\n\n\n<li><strong>Severance benefits:<\/strong>&nbsp;The accumulation of severance benefits for voluntary departures ceased for applicable employee groups. The remaining obligation for employees who did not withdraw benefits is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"17--f--------accounts-receivable-\">(f) Accounts&nbsp;receivable<\/h4>\n\n\n\n<p>Accounts receivable are initially recorded at cost and when necessary, an allowance for valuation is recorded to reduce the carrying value of accounts receivable to amounts that approximate their net recoverable value.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"18--g------non-financial-assets-\">(g) Non-financial&nbsp;assets<\/h4>\n\n\n\n<p>All tangible capital assets having an initial cost of $5,000 or more are recorded at their acquisition cost. Tangible capital assets do not include immovable assets located on reserves as defined in the Indian Act, works of art, museum collection and Crown land to which no acquisition cost is attributable; and intangible assets.<\/p>\n\n\n\n<p>Inventories are valued at cost and are comprised of spare parts and supplies held for future program delivery and are not primarily intended for resale. Inventories that no longer have service potential are valued at the lower of cost or net realizable value.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"20-h-measurement-uncertainty\">(h) Measurement uncertainty<\/h4>\n\n\n\n<p>The preparation of these financial statements requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets, liabilities, revenues and expenses reported in the financial statements and accompanying notes at March 31. The estimates are based on facts and circumstances, historical experience, general economic conditions and reflect the Government\u2019s best estimate of the related amount at the end of the reporting period. The most significant items where estimates are used are contingent liabilities, the liability for employee future benefits and the useful life of tangible capital assets. Actual results could significantly differ from those estimated. Management\u2019s estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"note3\">4. Parliamentary&nbsp;authorities<\/h3>\n\n\n\n<p>NSIRA receives most of its funding through annual 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. Accordingly, NSIRA 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:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"22-a-reconciliation-of-net-cost-of-operations-to-current-year-authorities%C2%A0used\">(a) Reconciliation of net cost of operations to current year authorities&nbsp;used<\/h4>\n\n\n\n<p><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td style=\"text-align: left;\">Net cost of operations before government funding and transfers<\/td>\n\t\t\t<td class=\"active text-center\" style=\"text-align: right;\"><strong>11,662<\/strong><\/td>\n\t\t\t<td class=\"active text-center\" style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Adjustments for items affecting net cost of operations but not affecting authorities: <\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Amortization of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(171)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Services provided without charge by other government departments<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(1,007)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(611)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Increase \/ (decrease) in vacation pay and compensatory leave<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(108)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(76)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Increase \/ (decrease) in employee future benefits<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(170)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(72)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Refund of prior years&rsquo; expenditures<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>481<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(1)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Total items affecting net cost of operations but not affecting authorities<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(759)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(760)<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Adjustments for items not affecting net cost of operations but affecting authorities<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Acquisition of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,353<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">14<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Amortization of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(17)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">28<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts receivable and advances<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>12<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">13<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Total items not affecting net cost of operations but affecting authorities<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,348<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">55<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Current year authorities used<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>12,251<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">5,625<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"22-a-reconciliation-of-net-cost-of-operations-to-current-year-authorities%C2%A0used\">(b) Authorities provided and used<\/h4>\n\n\n\n<p><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Authorities provided:<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Vote 1 &ndash; Operating expenditures<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>22,592<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">22,468<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Statutory amounts<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>962<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">371<\/td>\n\t\t<\/tr>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Less:<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Lapsed: Operating<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(11,303)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(17,214)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Current year authorities used<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>12,251<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">5,625<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"24-4-accounts-payable-and-accrued-liabilities\">5. Accounts payable and accrued liabilities<\/h3>\n\n\n\n<p>The following table presents details of NSIRA\u2019s accounts payable and accrued liabilities.<\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"3\"><strong>Authorities provided:<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts payable &ndash; Other government departments and agencies<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>444<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">306<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts payable &ndash; External parties<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,075<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(8)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts payable and accrued liabilities transferred in from other government department<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">1,262<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Total accounts payable<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,519<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,560<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Total accounts payable and accrued liabilities<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong><span style=\"text-align: right;\">1,519<\/span><\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><span style=\"text-align: right;\">1,560<\/span><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"25-5-employee-future-benefits\">6. Employee future benefits<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"26-a-pension-benefits\">(a) Pension benefits<\/h4>\n\n\n\n<p>NSIRA\u2019s employees participate in the Public Service Pension Plan (the \u201dPlan\u201d), 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 two percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada\/Qu\u00e9bec Pension Plan benefits and they are indexed to inflation.<\/p>\n\n\n\n<p>Both the employees and the Agency contribute to the cost of the Plan. Due to the amendment of the&nbsp;<em>Public Service Superannuation Act&nbsp;<\/em>following the implementation of provisions related to Economic Action Plan 2012, employee contributors have been divided into two groups \u2013 Group 1 related 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.<\/p>\n\n\n\n<p>The 2020-21 expense amounts to $877,610 ($325,594 in 2019-20). For Group 1 members, the expense represents approximately 1.01 times (1.01 times in 2019-20) the employee contributions and, for Group 2 members, approximately 1.00 times (1.00 times in 2019-20) the employee contributions.<\/p>\n\n\n\n<p>NSIRA\u2019s responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the Consolidated Financial Statements of the Government of Canada, as the Plan\u2019s sponsor.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"27-b-severance-benefits\">(b) Severance benefits<\/h4>\n\n\n\n<p>Severance benefits provided to NSIRA\u2019s employees were previously based on an employee\u2019s 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, 2018, substantially all settlements for immediate cash out were completed. Severance benefits are unfunded and, consequently, the outstanding obligation will be paid from future authorities.<\/p>\n\n\n\n<p>The changes in the obligations during the year were as follows:<\/p>\n\n\n\n<p><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td><strong>Accrued benefit obligation &ndash; Beginning of year<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>146<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accrued benefit obligation transferred in from other government department<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">74<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Expense for the year<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>170<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">72<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Accrued benefit obligation &ndash; End of year<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>316<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>146<\/strong><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"28-6-accounts-receivable-and-advances\">7. Accounts receivable and advances<\/h3>\n\n\n\n<p>The following table presents details of NSIRA\u2019s accounts receivable and advances balances:<\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td>Receivables &ndash; Other government departments and agencies<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>581<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">(21)<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Receivables &ndash; External parties<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>51<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">11<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Employee advances<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">2<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accounts receivable and advances transferred in from other government department<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">98<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net accounts receivable<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>632<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>90<\/strong><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"29-7-tangible-capital-assets\">8. Tangible capital assets<\/h3>\n\n\n\n<p>Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:<\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Asset Class<\/th>\n\t\t\t<th class=\"active text-center\">Amortization Period<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td>Informatics hardware<\/td>\n\t\t\t<td>3 to 10 years<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Other equipment<\/td>\n\t\t\t<td>3 to 30 years<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\" colspan=\"5\" scope=\"col\"><strong>Cost<\/strong><\/th>\n\t\t\t<th class=\"active text-center\" colspan=\"5\" scope=\"col\"><strong>Accumulated Amortization<\/strong><\/th>\n\t\t\t<th class=\"active text-center\" colspan=\"2\" scope=\"col\"><strong>Net Book Value<\/strong><\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\" scope=\"row\">Capital Asset Class<\/th>\n\t\t\t<td>Opening Balance<\/td>\n\t\t\t<td>Acquisitions<\/td>\n\t\t\t<td>Adjustments (1)<\/td>\n\t\t\t<td>Disposal and Write- Offs<\/td>\n\t\t\t<td>Closing Balance<\/td>\n\t\t\t<td>Opening Balance<\/td>\n\t\t\t<td>Amortization<\/td>\n\t\t\t<td>Adjustments (1)<\/td>\n\t\t\t<td>Disposals and Write- Offs<\/td>\n\t\t\t<td>Closing Balance<\/td>\n\t\t\t<td>2021<\/td>\n\t\t\t<td>For the period July 12, 2019 to March 31, 2020<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\" scope=\"row\">Informatics hardware<\/th>\n\t\t\t<td style=\"text-align: right;\">279<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>279<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">120<\/td>\n\t\t\t<td style=\"text-align: right;\">69<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>189<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>90<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">159<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\" scope=\"row\">Other equipment<\/th>\n\t\t\t<td style=\"text-align: right;\">1,012<\/td>\n\t\t\t<td style=\"text-align: right;\">84<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,096<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">205<\/td>\n\t\t\t<td style=\"text-align: right;\">102<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>307<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>789<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">808<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\" scope=\"row\">Assets under construction<\/th>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,269<\/td>\n\t\t\t<td style=\"text-align: right;\">1<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,270<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,270<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\" scope=\"row\"><strong>Total<\/strong><\/th>\n\t\t\t<td style=\"text-align: right;\"><strong>1,291<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,353<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>2,645<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>325<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>171<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>496<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>2,149<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>967<\/strong><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"30-8-contractual-obligations\">9. Contractual obligations<\/h3>\n\n\n\n<p>The nature of NSIRA\u2019s activities may result in some large multi-year contracts and obligations whereby NSIRA will be obligated to make future payments in order to carry out its programs or when the services\/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:<\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2022<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2023<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2024<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2025<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2026<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2027 and subsequent<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">Total<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Professional and special services<\/th>\n\t\t\t<td style=\"text-align: right;\">1,019<\/td>\n\t\t\t<td style=\"text-align: right;\">462<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,481<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Information<\/th>\n\t\t\t<td style=\"text-align: right;\">88<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>88<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Repair and maintenance<\/th>\n\t\t\t<td style=\"text-align: right;\">6,195<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>6,195<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Rental<\/th>\n\t\t\t<td style=\"text-align: right;\">117<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>117<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Transportation and communications<\/th>\n\t\t\t<td style=\"text-align: right;\">111<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>111<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\">Aquisition of machinery and equipment<\/th>\n\t\t\t<td style=\"text-align: right;\">376<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>376<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<th class=\"active text-center\"><strong>Total<\/strong><\/th>\n\t\t\t<td style=\"text-align: right;\"><strong>7,906<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>462<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>8,368<\/strong><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"31-9-related-party-transactions\">10. Related party transactions<\/h3>\n\n\n\n<p>NSIRA is related as a result of common ownership to all government departments, agencies, and Crown Corporations. Related parties also include individuals who are members of key management personnel or close family members of those individuals, and entities controlled by, or under shared control of, a member of key management personnel or a close family member of that individual. NSIRA enters into transactions with these entities in the normal course of business and on normal trade terms.<\/p>\n\n\n\n<p>During the year, NSIRA received common services which were obtained without charge from other government departments as disclosed below.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"22-a%C2%A0%C2%A0%C2%A0%C2%A0reconciliation-of-net-cost-of-operations-to-current-year-authorities%C2%A0used\">(a) Common services provided without charge by other government departments<\/h4>\n\n\n\n<p>During the year, NSIRA received services without charge from certain common service organizations, related to accommodation, the employer\u2019s contribution to the health and dental insurance plans and workers\u2019 compensation coverage. These services provided without charge have been recorded at the carrying value in NSIRA\u2019s Statement of Operations and Departmental Net Financial Position as follows:<\/p>\n\n\n\n<p><em>(in thousands of dollars)<\/em><\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2021<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">For the Period July 12, 2019 t0 March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td>Accommodation<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>451<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">316<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Employer&rsquo;s contribution to the health and dental insurance plans<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>556<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">295<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,007<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>611<\/strong><\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<p>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 are not included in NSIRA\u2019s Statement of Operations and Departmental Net Financial Position. The costs of information technology infrastructure services provided by Shared Services Canada, following the transfer of responsibilities in November 2011 are also not included in NSIRA\u2019s Statement of Operations and Departmental Net Financial Position.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"33-b-other-transactions-with-other-government-departments-and-agencies\">(b) Other transactions with other government departments and agencies<\/h4>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">2021<\/th>\n\t\t\t<th class=\"active text-center\" scope=\"col\">For the Period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr>\n\t\t\t<td>Expenses<\/td>\n\t\t\t<td style=\"text-align: right;\">5,595<\/td>\n\t\t\t<td style=\"text-align: right;\">2,325<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"34-10-segmented-information\">11. Segmented information<\/h3>\n\n\n\n<p>Presentation by segment is based on NSIRA\u2019s Departmental Results Framework. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in note 3. The following table presents the expenses incurred and revenues generated for the main program alignments, by major object of expense and by major type of revenue. The segment results for the period are as follows:<\/p>\n\n\n\n<table class=\"table table-striped table-bordered small\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>&nbsp;<\/th>\n\t\t\t<th class=\"active text-center\">Assist the NSIRA<\/th>\n\t\t\t<th class=\"active text-center\">Internal Services<\/th>\n\t\t\t<th class=\"active text-center\">2021<\/th>\n\t\t\t<th class=\"active text-center\">For the period July 12, 2019 to March 31, 2020<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\n\t\t<tr style=\"background-color: #dddddd; border-left: solid black 4px;\">\n\t\t\t<td colspan=\"5\"><strong>Expenses<\/strong><\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Salaries and employee benefits<\/td>\n\t\t\t<td style=\"text-align: right;\">5,380<\/td>\n\t\t\t<td style=\"text-align: right;\">2,614<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>7,994<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">3,996<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Professional and special services<\/td>\n\t\t\t<td style=\"text-align: right;\">302<\/td>\n\t\t\t<td style=\"text-align: right;\">1,543<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,845<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">1,361<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Accommodation<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">451<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>451<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">316<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Transportation and communications<\/td>\n\t\t\t<td style=\"text-align: right;\">15<\/td>\n\t\t\t<td style=\"text-align: right;\">73<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>88<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">225<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Information<\/td>\n\t\t\t<td style=\"text-align: right;\">109<\/td>\n\t\t\t<td style=\"text-align: right;\">82<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>192<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">78<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Acquisition of machinery and equipment<\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t\t<td style=\"text-align: right;\">694<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>694<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">73<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Repair and maintenance<\/td>\n\t\t\t<td style=\"text-align: right;\">(49)<\/td>\n\t\t\t<td style=\"text-align: right;\">1,307<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>1,258<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">115<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Amortization of tangible capital assets<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">171<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>171<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">&#8211;<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Rental<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>&#8211;<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">152<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>152<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">51<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Utilities, materials and supplies<\/td>\n\t\t\t<td style=\"text-align: right;\">2<\/td>\n\t\t\t<td style=\"text-align: right;\">6<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>8<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">40<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td>Other<\/td>\n\t\t\t<td style=\"text-align: right;\">10<\/td>\n\t\t\t<td style=\"text-align: right;\">(1,201)<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>(1,191)<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">75<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Total expenses<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">5,769<\/td>\n\t\t\t<td style=\"text-align: right;\">5,893<\/td>\n\t\t\t<td style=\"text-align: right;\"><strong>11,662<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t\t<tr>\n\t\t\t<td><strong>Net cost from continuing operations<\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\"><span style=\"text-align: right;\">5,769<\/span><\/td>\n\t\t\t<td style=\"text-align: right;\"><span style=\"text-align: right;\">5,893<\/span><\/td>\n\t\t\t<td style=\"text-align: right;\"><strong><span style=\"text-align: right;\">11,662<\/span><\/strong><\/td>\n\t\t\t<td style=\"text-align: right;\">6,330<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"36--annex-to-the-statement-of-management-responsibility-including-internal-control-over-financial-reporting-for-fiscal-year-2021-22-unaudited-\">Annex to the Statement of Management Responsibility Including Internal Control over Financial Reporting for Fiscal Year 2021-22 (unaudited)<\/h2>\n\n\n\n<h3 class=\"wp-block-heading no-toc\" id=\"37-1--introduction-\">1.&nbsp;Introduction<\/h3>\n\n\n\n<p>This document provides summary information on measures taken by the National Security Intelligence Review Agency (NSIRA) to maintain an effective system of internal control over financial reporting (ICFR) including information on internal control management, assessment results and related action plans.<\/p>\n\n\n\n<p>Detailed information on NSIRA authority, mandate, and programs can be found in&nbsp;<a href=\"https:\/\/www.nsira-ossnr.gc.ca\/wp-content\/uploads\/2021\/02\/2021-22-Departmental-Plan-EN-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">our Departmental Plan<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/nsira-ossnr.gc.ca\/wp-content\/uploads\/2020-21-Departmental-Results-Report-EN-Unsigned-FINAL-for-PDF.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Departmental Results Report<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading no-toc\" id=\"38-2--departmental-system-of-internal-control-over-financial-reporting-\">2.&nbsp;Departmental system of internal control over financial reporting<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"39--21----internal-control-management-\">2.1&nbsp;&nbsp;Internal Control Management<\/h4>\n\n\n\n<p>NSIRA recognizes the importance of setting the tone from the top to help ensure that staff at all levels understand their roles in maintaining effective financial systems of ICFR and are well equipped to exercise these responsibilities effectively. NSIRA\u2019s financial transactions can be processed within the financial system by both NSIRA and the Privy Council Office (PCO), in accordance with a Memorandum of Understanding (MOU), and are subject to the same control framework and monitoring activities undertaken at PCO.<\/p>\n\n\n\n<p>NSIRA relies on PCO control measures to a large extent, but also recognizes the importance of ensuring that it implements its own complementary measures. To this end, NSIRA ensures that all managers with financial delegation have completed the appropriate training course prior to exercising their delegation. NSIRA has implemented a rigourous governance and accountability structure to support the oversight of its system of internal control, which includes:<\/p>\n\n\n\n<ul>\n<li>Values and ethics framework;<\/li>\n\n\n\n<li>Organizational accountability structures as they relate to internal control management to support sound financial management including roles and responsibilities for senior managers in their areas of responsibility;<\/li>\n\n\n\n<li>Evidence of effective planning and reporting activities which includes multiple financial reviews and regular financial reporting to all managers including senior management;<\/li>\n\n\n\n<li>Integrated risk management and on-going quality assurance and monitoring activities;<\/li>\n\n\n\n<li>On-going communication and training on statutory requirements, policies, and procedures for sound financial management and control; and<\/li>\n\n\n\n<li>Monitoring and regular updates as needed on internal control management plus assessment results and action.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"40--22----service-arrangements-relevant-to-financial-statements-\">2.2&nbsp;&nbsp;Service Arrangements relevant to financial statements<\/h4>\n\n\n\n<p>NSIRA relies on other organizations for the processing of certain transactions that are recorded in its financial statements, and relies on these service providers to ensure an adequate system of ICFR is maintained over services provided to NSIRA.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"41--common-arrangements---\">Common Arrangements:<\/h5>\n\n\n\n<ul>\n<li>Public Services and Procurement Canada, which administers the payment of salaries and the procurement of goods and services, and provides accommodation services<\/li>\n\n\n\n<li>Shared Services Canada, which provides IT infrastructure services<\/li>\n\n\n\n<li>Treasury Board of Canada Secretariat, which provides information on public service insurance and centrally administers payment of the employer\u2019s share of contributions toward statutory employee benefit plans<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"42--specific-arrangements-\">Specific Arrangements:<\/h5>\n\n\n\n<ul>\n<li>As aforementioned, NSIRA\u2019s financial transactions are processed within the financial system by both NSIRA and the Privy Council Office (PCO), in accordance with a Memorandum of Understanding (MOU), and are subject to the same control framework and monitoring activities undertaken at PCO.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading no-toc\" id=\"43-3--departmental-assessments-results-during-fiscal-year-2021-22-\">3.&nbsp;Departmental assessments results during fiscal year 2021-22<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"44--progress-during-the-2021-22-fiscal-year-\">Progress during the 2021-22 fiscal year<\/h4>\n\n\n\n<p>NSIRA\u2019s management team has maintained a financial system and an internal control mechanism that ensures that financial information is understandable, relevant, reliable and comparable in concert with the Privy Council Office\u2019s support as per our MOU.&nbsp; Progress is disclosed in the Annex of PCO\u2019s Statement of Management Responsibility.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"45--new-or-significantly-amended-key-controls-\">New or significantly amended key controls<\/h4>\n\n\n\n<p>NSIRA relies on the system of internal control implemented at PCO for the above noted business processes.&nbsp; New or significantly modified internal controls are disclosed in the Annex of PCO\u2019s statement of management responsibility.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"46--on-going-monitoring-program-\">On-going monitoring program<\/h4>\n\n\n\n<p>NSIRA\u2019s monitoring program for the above noted business processes leverages PCO\u2019s rotational on-going monitoring plan disclosed in the Annex of PCO\u2019s statement of management responsibility.<\/p>\n\n\n\n<h3 class=\"wp-block-heading no-toc\" id=\"44-4--departmental-action-plan-\">4.&nbsp;<strong>Departmental action plan<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"39--21----internal-control-management-\">4.1&nbsp;&nbsp;Progress during fiscal year 2020-21<\/h4>\n\n\n\n<p>We understand our responsibility in terms of appropriate financial comptrollership and communication with the public, and we will continue to ensure that financial controls and a rigorous reporting process continue to be in place going forward. Action plans are disclosed in the Annex of PCO\u2019s Statement of Management Responsibility.<\/p>\n<\/div><\/div>\n<\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":2712,"parent":3093,"menu_order":28,"comment_status":"closed","ping_status":"closed","template":"template-nsira-subpages.php","meta":{"inline_featured_image":false},"categories":[9,10,16,17,37,25,28],"tags":[182],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Statements: NSIRA 2020\u201321 - National Security and Intelligence Review Agency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nsira-ossnr.gc.ca\/en\/secretariat\/secretariat-operations\/financial-statements-nsira-2020-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Statements: NSIRA 2020\u201321 - 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