CFPSA Annual Report 2003-2004

• Chief of the Defence Staff
  • Agency Profile
  • Our Divisions
  • Human Resources
  • Finance and Informatics
  • Internal Audit and Review
  • NPP Sponsorship and Donation Program
  • CFN National Advertising Program
  • Human Rights and Harassment Prevention
  • Support to those who served in 2003/2004
• President and Chief Executive Officer
• Introduction
• Services to Serving members
  • CANEX offers What You Need
  • SISIP Financial Services
  • Work/Life balance
  • National and International Sports
  • Physical Fitness
  • CFPSA Training Centre
  • Human Performance Reasearch and Development
  • Health Promotion
  • Messes
  • Support to those who served in 2003/2004
  • PSP: Looking ahead
• Services to Deployed Members
  • Your home away from home
  • Mission Information Line
  • Financial matters
  • Deployed Operations
  • Support to deployed members in 2003/2004
• Services to Families
  • Military Family Services Program
  • Youth Program
  • Mission Information Line
  • Don't Forget the Fun
  • Volunteers
  • Employment of Family Members
  • SISIP FS
  • CANEX
  • Support to families in 2003/2004:
  • Families: Looking Ahead
• Services to Retired/Former Members
  • Retirement Planning at any Age
  • Support to Retired/Former Members in 2003/2004
• NPP Committees
• NPP Board of Directors
• Financial Overview and Highlights
  • CFPSA Financial Overview
  • Base/Wing Funds
  • Officers Messes
  • Warrant Officers and Sergeants Messes
  • Junior Ranks Messes
  • Combined and All Ranks Messes
• Acronyms

PREVIOUS REPORTS

• 2004/2005
• 2003/2004
• 2002/2003
• 2001/2002
• 2000/2001 (.pdf, 2.97Mb)
• 1999/2000 (.pdf, 758Kb)
• 1998/1999 (.pdf, 6.90Mb)

CFPSA FINANCIAL OVERVIEW - Fiscal Year 2003-2004

CANEX

FINANCIAL HEALTH
	As at End Feb 04	As at End Feb 03
Assets	$56,604,563	$56,535,953
Liabilities	$23,069,412	$25,145,260
Net Worth	$33,535,151	$31,390,333
OPERATING HIGHLIGHTS
	FY 2003/2004	FY 2002/2003
Sales	$137,583,575	$133,759,147
Income from Operations	$6,749,181	$7,421,746
Payments to Bases/Wings/Unit Funds	$4,895,559	$4,770,740
Extraordinary Items	-$100,000	-$1,315,000
Net Income/(Loss)	$1,753,622	$1,336,006
Investment in Store Modernization	$4,292,219	$6,789,570

CANADIAN FORCES CENTRAL FUND

FINANCIAL HEALTH
	As at End Feb 04	As at End Feb 03
Assets	$148,216,975	$133,863,803
Liabilities	$53,080,609	$47,007,313
Net Worth	$95,136,366	$86,856,490
OPERATING HIGHLIGHTS
	FY 2003/2004	FY 2002/2003
Revenues	$137,583,575	$133,759,147
Expenses	$6,749,181	$7,421,746
Net Income/(Loss)	$4,895,559	$4,770,740
Services re-imbursed by the Public	$1,753,622	$1,336,006
Disbursements/Grants to Units	$4,292,219	$6,789,570

CANADIAN FORCES PERSONNEL ASSISTANCE FUND

FINANCIAL HEALTH
	As at 31-Dec-03	As at 31-Dec-02
Assets	$15,114,084	$15,16,626
Liabilities	$44,092	$45,741
Net Worth	$15,069,992	$15,120,885
OPERATING HIGHLIGHTS
	FY 2003	FY 2002*
Revenues	$874,822	$663,170
Expenses	$893,835	$590,285
Extraordinary Items	$31,880	$0
Net Income/(Loss)	-$50,893	$72,885
Self Improvement Loans	4725	3986
Education Loans	743	644
Distress Loans	102	120
Distress Grants	133	91
Minor Disbursements:
Serving	157	150
Former	102	83

* FY 2002 was 10 months only

SISIP FS Proper

FINANCIAL HEALTH
	As at 31-Dec-03	As at 31-Dec-02
Assets	$344,255,731	$331,251,271
Liabilities	$157,291,428	$151,609,241
Segregated Fund	$186,964,303	$179,642,030
OPERATING HIGHLIGHTS
	FY 2003	FY 2002
Revenues	$60,347,317	$43,399,091
Expenses	$41,359,544	$32,358,882
Extraordinary Items	-$11,665,501	-$14,460,482
Net Income/(Loss)	$7,322,273	-$3,420,273
Premiums Collected	$34,472,765	$31,993,289
Claims Paid	$27,495,611	$21,783,465

SISIP FS - TREASURY BOARD PLAN

FINANCIAL HEALTH
	As at 31-Dec-03	As at 31-Dec-02
Assets	$379,913,669	$352,701,737
Liabilities	$356,370,798	$305,725,612
Program Surplus	$23,542,871	$46,976,125
OPERATING HIGHLIGHTS
	FY 2003	FY 2002
Revenues	$67,886,140	$65,617,149
Expenses	$97,334,163	$51,099,489
Extraordinary Items	$6,014,769	-$422,633
Net Income/(Loss)	-$23,433,254	$14,095,027
Premiums Collected	$44,934,910	$45,800,814
Claims Paid	$29,881,499	$25,437,485

Note: For copies of audited financial statements please visit our CFPSA web site at www.cfpsa.com or contact our Chief Financial Officer and Vice President Informatics (CFO & VPI) at (613) 995-7911.