2023-24 Annual report

Financial highlights

Read the 2023-24 audited financial statements

Statement of operations and changes in net assets

Year ended March 31, 2024

Expenses20242023
Decrease risk of people getting cancer in Canada 2,381,1542,416,749
Diagnose cancer faster, accurately and at an earlier stage 4,943,7685,431,755
Deliver high-quality care in a sustainable, world-class system 1,415,758807,326
Deliver supports for patients, families and caregivers 1,902,1244,448,158
Culturally appropriate care closer to home 2,801,6467,219,630
First Nations-, Inuit-, or Métis-governed research and data systems 783,745277,293
Transforming research into improved care 7,727,8506,925,606
Maximizing the impact of health system data to drive change and improving information flow among providers and patients 4,526,9993,842,604
Public engagement and outreach and cancer strategy program support 6,000,9316,005,258
32,483,97537,374,379
Operating expenses (Note 4)*11,040,41210,512,236
43,524,38747,886,615
Revenue20242023
Government of Canada (Note 6)*42,537,27747,854,429
Other revenue987,11032,186
43,524,38747,886,615
Excess of revenue over expenses for the year, and net assets at the end of the year
*Refer to the audited financial statements for full details on the note.

Statement of financial position

As at March 31, 2024

Assets

Current20242023
Cash 7,184,5877,348,998
Short-term investments 10,584,9618,224,143
Accounts receivable 485,822539,630
Projects in process – advances (Note 3)*995,186578,189
Prepaid expenses 1,414,791559,245
20,665,34717,250,205
Capital assets (Note 4)*1,943,3251,828,928
1,943,3251,828,928
22,608,67219,079,133

Liabilities and net assets

Current20242023
Accounts payable and accrued liabilities 3,661,6215,718,512
Government remittances payable (Note 5)*44,463106,311
Deferred contributions – Expenses of future periods (Note 6 (a))*16,644,68011,072,241
20,350,76416,897,064
Deferred contributions – Capital assets (Note 6 (b))*1,601,8731,405,528
Lease inducements (Note 7)*656,035776,541
2,257,9082,182,069
22,608,67219,079,133
Net assets
22,608,67219,079,133
Commitments and Guarantees (Notes 9 and 10)*
*Refer to the audited financial statements for full details on the note.

Statement of cash flows

Year ended March 31, 2024

Increase (decrease) in cash

Operating activities20242023
Government of Canada contributions received (Note 6)*47,500,00047,500,000
Other contributions received 898,549109,990
Interest received on short-term investments 806,061501,056
Interest paid to Government of Canada (64,151)(70,993)
Cash paid for programs and operating expenses (46,624,371)(44,921,751)
2,516,0883,118,302
Investing activities20242023
Purchase of short-term investments (6,000,000)
Redemption of short-term investments 4,000,000
(2,000,000)-
Financing activities20242023
Purchase of capital assets(680,499)(217,886)
(680,499)(217,886)
Increase (decrease) in cash (164,411)2,900,416
Cash, beginning of year 7,348,9984,448,582
Cash, end of period 7,184,5877,348,998
*Refer to the audited financial statements for full details on the note.