2022-23 Annual report

Financial highlights

Year ended March 31, 2023

Expenses	2023	2022
Decrease risk of people getting cancer in Canada	2,416,749	3,387,515
Diagnose cancer faster, accurately and at an earlier stage	5,431,755	7,216,882
Deliver high-quality care in a sustainable, world-class system	807,326	794,681
Deliver supports for patients, families and caregivers	4,448,158	6,256,838
Culturally appropriate care closer to home	7,219,630	7,331,127
First Nations-, Inuit-, or Métis-governed research and data systems	277,293	–
Transforming research into improved care	6,925,606	8,346,942
Maximizing the impact of health system data to drive change and improving information flow among providers and patients	3,842,604	4,284,300
Public engagement and outreach and cancer strategy program support	6,005,258	6,364,237
	`37,374,379`	`43,982,522`
Operating expenses (Note 4)*	10,512,236	10,725,002
	`47,886,615`	`54,707,524`

Revenue	2023	2022
Government of Canada (Note 7)*	47,854,429	54,419,050
Healthcare Excellence Canada	–	100,000
Other funding	32,186	188,474
	`47,886,615`	`54,707,524`

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.

As at March 31, 2023

Current	2023	2022
Cash	7,348,998	4,448,582
Short-term investments	8,224,143	8,037,660
Accounts receivable	539,630	615,617
Projects in process – advances (Notes 3)*	578,189	2,752,795
Prepaid expenses	559,245	677,462
	`17,250,205`	`16,532,116`
Capital assets (Note 4)*	1,828,928	2,035,624
Intangible assets (Note 5)*	–	–
	`1,828,928`	`2,035,624`
	`19,079,133`	`18,567,740`

Current	2023	2022
Accounts payable and accrued liabilities	5,718,512	5,244,583
Government remittances payable (Note 6)*	106,311	75,027
Deferred contributions – Expenses of future periods (Note 7 (a))*	11,072,241	10,840,807
	`16,897,064`	`16,140,417`
Deferred contributions – Capital and intangible assets (Note 7 (b))*	1,405,528	1,530,276
Lease inducements (Note 8)*	776,541	897,047
	`2,182,069`	`2,427,323`
	`19,079,133`	`18,567,740`
Net assets	–	–
	`19,079,133`	`18,567,740`

Commitments and Guarantees (Notes 10 and 11)*
*Refer to the audited financial statements for full details on the note.

Year ended March 31, 2023

Increase (decrease) in cash

Operating activities	2023	2022
Government of Canada contributions received (Note 7)*	47,500,000	52,500,000
Other contributions received	109,990	555,635
Interest received on short-term investments	501,056	70,829
Interest paid to Government of Canada	(70,993)	(63,281)
Cash paid for programs and operating expenses	(44,921,751)	(50,214,028)
	`3,118,302`	`2,849,155`

Investing activities	2023	2022
Purchase of short-term investments	–	(7,000,000)
Redemption of short-term investments	–	4,001,145
	`-`	`(2,998,855)`

Financing activities	2023	2022
Purchase of capital and intangible assets	(217,886)	(69,764)
	`(217,886)`	`(69,764)`

*Refer to the audited financial statements for full details on the note.