letter from the Chair                        July 1996
TABLE OF CONTENTS Introduction          .....................................................................................
INTRODUCTIONThe National Round Table on the Environmentand the Economy (NRTEE) is an independentagency of the federal gove...
The NRTEE’s new State of the Debate reports aredesigned to summarize the extent of consensusand reasons for disagreement. ...
Foreign Policy and SustainabilityThe NRTEE continued to advise the governmenton international and national activities that...
future. Through a series of formal and informalmeetings in various fishing communities through-out 1995, the partners gath...
and budget challenges, the NRTEE implemented  a cost-recovery program for its publications. This includes marketing books ...
June 20,1996National Round Table on the Environment and the EconomyMANAGEMENT REPORTfor the period ended March 31,1996We h...
AUDITOR   GENERAL   OF CANADA                         VhIFICATEUR   GEN&AL   DU CANADA                                    ...
NATIONAL          ROUND TABLE ON THE ENVIRONMENT                                   AND THE ECONOMY                        ...
NATIONAL       ROUND TABLE ON THE ENVIRONMENT                             AND THE ECONOMY                                N...
3.   Parliamentary   appropriation                                                                          1996          ...
5.   Liabilities                                                                                  1996                   1...
9.   Capital assets and accumulated   amortization     The accounting policies of the Government of Canada do not require ...
Nrt annual-report-1995-1996-eng
Nrt annual-report-1995-1996-eng
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Nrt annual-report-1995-1996-eng

  1. 1. letter from the Chair July 1996
  2. 2. TABLE OF CONTENTS Introduction .................................................................................................................... one Mandate .......................................................................................................................... one Strategy.. .......................................................................................................................... one Highlights of Achievements.. ......................................................................................... TWO New Initiatives ................................................................................................................ fwe Management Report ........................................................................................................ Six Auditor’s Report .......................................................................................................... seven Statement of Operations .............................................................................................. eight Notes to Statement of Operations ............................................................................... nine National Round Table Table ronde nation& on the Environment sur I’environnement and the Economy et I’Bconomie 1 Nicholas Street, Suite 1500, Ottawa, Ontario, tanada Kl N 7B7 Tel.: (613) 992-7189 l Fax: (613) 992-7385 l E-mail: admin@nrtee-trneeca l Web: http://w.nrtee-tmee.ca
  3. 3. INTRODUCTIONThe National Round Table on the Environmentand the Economy (NRTEE) is an independentagency of the federal government committed toproviding decision makers and opinion leaderswith reliable information and objective views onthe current state of debate on the environmentand the economy. Through the media and NRTEE the information necessary to make reasonedcommunication activities, the Canadian public is choices on a sustainable future for Canada. Askept informed of key issues. well, the NRTEE is positioning itself as the recog- The NRTEE’s impartiality, multistakeholder nized first stop for Canadians to obtain reliablemode of operation, and ability to integrate envi- and current information on the nature and scoperonmental and economic considerations differen- of national debate on issues that touch on thetiate it from other organizations and groups. The environment and the economy.National Round Table is a major institutionalexpression of government support for sustainable STRATEGYdevelopment. The round table and multistakeholder approach The NRTEE comprises a Chair and up to 24 applied by the NRTEE in its work promotes andistinguished Canadians who are appointed by atmosphere in which all points of view can bethe federal government to represent a broad range freely expressed and debated. Stakeholders defineof regions and sectors. These include business, the nature of the interface between the environ-labour, academe, environmental organizations ment and the economy in specific areas, determineand First Nations. Members meet as a round table where consensus exists on resolving particularfour times a year to review and discuss the on- issues, and identify barriers that prevent consensus.going work of the NRTEE, set priorities and initi- Exposing barriers and trade-offs in policy outcomesate new programs. Members also participate in assists decision makers by clarifying choices thattask forces and other activities that focus on spe- must be made.cific issues or policy areas. Each task force con- Given its broad mandate and limited resources,ducts replica round tables and reports to the full the National Round Table relies upon an annualNational Round Table. A secretariat in Ottawa strategic planning process to determine prioritiesprovides research, communications and adminis- and identify areas that should be pursued. Thetrative support to the members. aim is to identify key opportunities for advancing sustainable development over the medium andMANDATE long term.The NRTEE receives its mandate from the Balancing environmental preservation withParliament of Canada and reports directly to the economic prosperity is not simple. Often it seemsPrime Minister. The National Round Table was one must gain at the expense of the other. Theformally established as an independent federal challenge is to search for opportunities that haveagency by legislation in 1994. The stated purpose the potential for win-win outcomes. For theof the Round Table is “ . .. to play the role of cata- NRTEE, this entails the following:lyst in identifying, explaining and promoting, in . analysing environmental and economic factsall sectors of Canadian society and in all regions and trends to identify changes that will enhanceof Canada, principles and practices of sustainable sustainability in Canada;development.” The current Chair and member- l actively seeking, in a round table setting, inputship have chosen to focus NRTEE efforts on from stakeholders with a vested interest in anyexploring and illuminating the many dimensions particular issue and identifying points of con-of the relationship between the environment and sensus and divergence; andthe economy on specific issues. l using the products of research, analysis and At the heart of the NRTEE’s work is a commit- national consultations to come to a conclusionment to improve the quality of decisions made on the state of the debate on issues importantwith respect to the economy and environment by to the environment and the economy.providing policy makers and opinion leaders with one
  4. 4. The NRTEE’s new State of the Debate reports aredesigned to summarize the extent of consensusand reasons for disagreement. They further reviewthe consequences of action or inaction and rec-ommend specific steps decision makers can taketo promote sustainability.HIGHLIGHTS OF ACHIEVEMENTS currently working with professional associationsPulp and Paper Round Table to develop a variety of educational tools to fur-The National Round Table published a final report ther sustainable development awareness andin September 1995, that describes 18 principles understanding among their membership.governing the sustainable production of pulp andpaper in Canada. These principles were developed Reporting on Sustainable Developmentby 25 national stakeholder groups who were This program addresses Canada’s need for abrought together over two years through round system of measuring and reporting the country’stable discussions managed by the NRTEE. progress towards sustainable development. As a follow-up to a successful colloquium co-spon-Education sored in March 1995 with the WestminsterThis program facilitates an understanding of Institute for Ethics and Human Values in London,environment/economy linkages and round table Ontario, the National Round Table convened aprocesses in a variety of learning settings. During workshop on human well-being in October 1995.1995-96, the NRTEE continued to address both The NRTEE also collaborated with Environmentformal and informal education through its work Canada and the Canadian Mortgage and Housingwith youth, educators, academic institutions and Corporation (CMHC) in a feasibility study of amunicipalities. The NRTEE evaluated a youth software package to facilitate community-levelround table process to assess its impact and to reporting on progress towards sustainability.develop a training package for teachers and other In early 1996, the National Round Table commis-educators. The training module was tested among sioned a study to assess the federal government’surban and rural participants in three pilot work- capacity to report on sustainable development inshops in Manitoba in March 1996. The feedback light of budget cuts over time.obtained will be used to make the module moreeffective. This will help to multiply the reach of Projet de sociith : Planningthe NRTEE’s highly successful and popular youth for a Sustainable Futureround table workshops, which have already been The NRTEE supported this multistakeholderconducted with over 3,000 Canadian youths. partnership aimed at promoting Canada’s transi- From January to March 1996, the NRTEE orga- tion to a sustainable future. Comprising represen-nized cross-country workshops on community- tatives from government, First Nations, businessbased social marketing aimed at assisting and non-government groups, the Projet wasmunicipal decision makers in achieving sustain- established in November 1992 as a follow-up toable development. The workshops were based on the Earth Summit. The NRTEE chaired thea successful pilot event co-sponsored with the Projet’s National Stakeholders Assembly and pro-Association of Municipal Recycling Coordinators vided secretariat support. It sponsored a fifth andand the Ontario Ministry of Environment and final National Stakeholders Assembly in the fall ofEnergy the previous year. In addition, the NRTEE, 1995.together with the Ontario Ministry of The Projet produced a report in May 1995,Environment and Energy, published a workbook entitled “Canadian Choices for Transitions toon community-based social marketing, for which Sustainability.”there has been significant demand. To advance its education program in 1996, theNRTEE established new strategic initiatives aimed at engaging learners through “training thetrainer” courses and programs. The NRTEE is two
  5. 5. Foreign Policy and SustainabilityThe NRTEE continued to advise the governmenton international and national activities that havean impact on Canada’s environment and economyand on global sustainable economic development.A main objective has been to prod or assist inefforts to develop coherent cooperative environ-mental arrangements within regions of strategic water and wastewater sector first through a seriesimportance to Canada. of multistakeholder round tables in Toronto, The National Round Table took advantage of Montreal and Vancouver. The sessions broughtGlobe ‘96 to bring together the heads of various together buyers and sellers of environmentalround tables and a selection of experts to explore technologies and services, and participants fromintegrating environmental concerns into foreign government and financial institutions critical topolicy processes. The resulting Asia Pacific this market.Economic Cooperation (APEC) workshop in The NRTEE plans to communicate its findings toVancouver on March 25-26, 1996, titled “The environmental firms, various levels of government,Environment and the Economy in APEC: Realizing as well as financial institutions in a state of theConvergence,” was the first opportunity for APEC debate report on water and wastewater. Follow-members from environment/economy institutes to ing the completion of this report, the NRTEE willmeet and discuss ways of bringing critical sustain- focus on electric utilities.ability issues to the evolving APEC forum. Theworkshop generated strong interest in continued Green Procurementdialogue and communication between the NRTEE This program examines the challenges andand like organizations in the Asia Pacific region. It economic/environmental opportunities of increas-will further serve as a basis for advice to relevant ing green procurement in the federal government.government officials and the Prime Minister in The NRTEE initially conducted a major study toadvance of the Philippines’ environmentally focused assess current green procurement activities andAPEC Summit to be held in November 1996. criteria used nationally and internationally. The Task Force assigned to report on this activity con- cluded in a report published in March 1996, thatGeorgia Basin Initiative the highly decentralized nature of federal purchas-The NRTEE was a co-convener of a conference in ing practices hinders progress in green procure-November 1995 that examined the future sustain- ment. The report offers a set of criteria that canability of the transboundary bioregion of the be incorporated into government purchasingGeorgia Basin in British Columbia. Called policies and guidelines.“Sustainability: It’s Time for Action,” the conference The program is now focusing on the potentialemphasized shared experiences and how working positive impact of green procurement on trade,relationships can be strengthened among all jobs and the economy. The aim for 1996-97 is tostakeholders to achieve sustainability. The con- examine the underlying concept that federal greenference brought together 400 participants from procurement can serve as a strategy for wealthcommunity groups, local governments, provincial creation and competitiveness. The exercise willand federal agencies, First Nations, the private result in a state of the debate report outliningsector, educators and others involved in sustain- the costs and benefits of enhanced federal greenability initiatives. They discussed progress and procurement efforts.identified strategies and actions for moving theagenda forward. Sustainable Coastal Communities and Marine EcosystemsEnvironmental Technologies As a joint initiative with the Newfoundland andThis program assists targeted client industries and Labrador Round Table on the Environment andsectors in becoming more environmentally sus- the Economy, this partnership program focusedtainable by drawing more effectively on the tech- on a very specific sustainability issue: the collapsenology and expertise of the Canadian environment of the East Coast cod fishery and its lessons for theindustry. The NRTEE addressed the municipal three
  6. 6. future. Through a series of formal and informalmeetings in various fishing communities through-out 1995, the partners gathered opinions, experi-ences and ideas from a broad mix of local residents.A wrap-up session took place in St. John’s in June1995. A final report was published in October 1995,which summarizes these community perspectives,identities the historical causes of unsustainability, principles and accompanying strategies forand provides recommendations. discussion and debate at the OECD conference. “The Report of the Partnership on Sustainable The principles reflect key concerns such as theCoastal Communities and Marine Ecosystems in environmental impacts of transportation in theNewfoundland and Labrador” is a compelling case context of free trade, urban sprawl, incentives andstudy of unsustainable development and a valuable economic policy.tool to increase awareness of the need to prevent The NRTEE continued to support the Ontariosimilar catastrophes. Round Table Collaborative on TransportationGreening the Budget and and Climate Change, aimed at gaining multistake-Economic Instruments holder agreement on options to reduce carbonThis program has followed through on important dioxide emissions from Ontario’s transportationissues raised from a previous federal task force on sector. Working committees examined specificBarriers and Disincentives to Sound Environmental issues and options in areas such as full cost pricing,Practices, which presented its findings to the gov- sustainability indicators, the automotive sector,ernment in the fall of 1994. The National Round urban planning, economic instruments, and trans-Table convened a highly successful workshop in portation technologies. The final meeting of themid-October 1995, which provided the basis for Collaborative was held in September 1995. Specificadvising the Prime Minister on measures that action plans and recommended strategies for sus-could be taken in the 1996 budget to promote tainable transportation were laid out in a finalsustainability. Participants discussed studies on report submitted to the Premier of Ontario andsubsidies, tax treatment of ecologically sensitive officially released in mid-November 1995.lands, ecological tax reform and energy taxation. LEAD Canada The NRTEE plans to establish itself as an on- LEAD (Leadership for Environment andgoing forum for the advancement of ecological Development) Canada helps to prepare thefiscal reform by holding similar workshops annu- next generation of leaders to deal with issuesally. Background studies on the use of environ- and choices related to sustainable development.ment trust funds and on tax policies to promote LEAD Canada, which is administered throughenergy efficiency have been commissioned for a the NRTEE, is part of the international LEADworkshop to be held in the fall of 1996. program that was started in 1991 through the A major focus for 1996 is to advance the use of Rockefeller Foundation in the United States. Eachmarket-based approaches for environmental year LEAD chapters choose about 15 promisingimprovement in Canada. This includes such mat- mid-career professionals to take part in this inten-ters as tradeable permits, voluntary initiatives and sive two-year program. A new class of LEAD asso-performance agreements or covenants. ciates joined the program in the spring of 1995 andTransportation and Energy attended their first residential session at CarletonIn the fall of 1995 the National Round Table was University, Ottawa, in mid- July. LEAD’s annualasked by the Minister of the Environment to help international session took place in Thailand indevelop a set of principles for sustainable trans- September 1995 and was attended by 12 Canadianportation to be presented and discussed at an associates.OECD conference in March the following year. CommunicationsAn initial consultative meeting was held with 30 The National Round Table examined newstakeholders in Toronto, followed by a series of approaches to communications and to programsmall meetings across the country. Based on this evaluation in order to maximize the organization’sfeedback and previous work by other organizations, effectiveness and keep stakeholders well informedthe National Round Table issued a statement of of NRTEE activities. With its growing readership four
  7. 7. and budget challenges, the NRTEE implemented a cost-recovery program for its publications. This includes marketing books through Renouf Publishing Co. Limited and disseminating infor- mation through a new NRTEE World Wide Web site on the Internet. The NRTEE also launched a State of the Debate series to provide decision makers with a comprehensive summary of the Private Woodlots degree of consensus on an issue and reasons for Concern about unsustainable private woodlot disagreement. harvesting rates and practices in Maritime Canada The NRTEE will continue to develop new, innov- is an issue the NRTEE is now pursuing. As this ative and cost-effective methods of distributing program unfolds, the NRTEE will explore issues of information to target audiences in the coming year. broad concern such as federal taxation, certifica- tion of forest products, and inter-provincial trade. NEW INITIATIVES Oceans Environment and Resources Eco-efficiency This program is promoting a wide range of activ- The NRTEE is laying the groundwork for a pro- ities to help achieve sustainable ocean activity gram aimed at promoting eco-efficiency. This is management. A series of stakeholder round tables in response to the federal government’s report on and networking activities are being organized to “Science and Technology for the New Century,’ examine such issues as co-management of ocean which directs the NRTEE to assist “in establishing resources in land claims agreements, in coastal specific targets to help industries and other sectorszone use, in fisheries and in conservation. become significantly more eco-efficient within a Following these regional debates and resulting generation, and in understanding the implicationsidentification of further issues related to co-man- of those targets for the development of new tech-agement arrangements, a national forum will be nologies.”held to focus on national and international policy Considering the breadth of this subject matterimplications. Through these sessions, members and the diversity of stakeholders involved, thewill explore how best to engage stakeholders to NRTEE is exploring joint projects with key groupsassist with the implementation of key federal ini- as a first step.tiatives including Bill C-26, the Canada Oceans TransportationAct and the new Fisheries Act. Findings will be This program is designed to apply the existingpresented to key federal and provincial policy but fragmented wealth of information and under-makers and stakeholder groups. standing of sustainable transportation issues Financial Services towards concrete courses of action. The NRTEE The NRTEE launched this new initiative to explore plans to hold a national forum to establish the state some practical and innovative solutions for two of debate on sustainable transportation, provide focused issues: brownfield sites in city cores; and resolutions and integrate commitments obtainable risk assessment and improving site-specific infor- from various players. This activity will assist themation on the environmental condition of land. federal government in the articulation of a sus-This program fulfdls part of the National Round tainable transportation policy. The NRTEE is con-Table’s goal to assist industry in making progress ducting this program in partnership with Transporton persistent issues that hinder the integration of Canada, the Transportation Association of Canadathe environment and the economy. To place issues and the Centre for Sustainable Transportation.in context, the program will initially examine,through a broad background paper, the evolutionof policy in Canada governing the contentious andcomplex subject of contaminated sites. Startingin the fall of 1996, the NRTEE plans to holdfive multistakeholder workshops, in Moncton,Montreal, Toronto, Calgary and Vancouver.
  8. 8. June 20,1996National Round Table on the Environment and the EconomyMANAGEMENT REPORTfor the period ended March 31,1996We have prepared the accompanying financial statement of the National Round Table on the Environmentand the Economy in accordance with the reporting requirements and standards of the Receiver Generalof Canada. The primary responsibility for the integrity and objectivity of data in this financial statementrests with the management of the Round Table. In order to assure maximum objectivity and freedomfrom bias, the financial data contained in this financial statement has been examined by the ExecutiveCommittee of the Round Table.This financial statement was prepared in accordance with the significant accounting policies set out innote 2 of the statement on a basis consistent with that of the preceding year. Some previous years’ figureshave been reclassified to conform to the current year’s presentation.The information included in the financial statement is based on management’s best estimates and judge-ment and gives due consideration to materiality. To fulfil this reporting responsibility, the Round Tablemaintains a set of accounts which provides a centralized record of the Round Table’s financial transactions.Financial information contained in the ministerial statements and elsewhere in the Public Accounts isconsistent with this financial statement, unless indicated otherwise.The Round Table’s directorate of financial services develops and disseminates financial management andaccounting policies, and issues specific directives which maintain standards of accounting and financial man-agement. The Round Table maintains systems of financial management and internal control at appropriatecost. Transactions are executed in accordance with prescribed regulations, within parliamentary authorities,and are properly recorded to maintain accountability of government funds and safeguard the Round Table’sassets. The Round Table also seeks to assure the objectivity and integrity of data in its financial statement bythe careful selection, training and development of qualified staff; by organizational arrangements that pro-vide appropriate divisions of responsibility; and by communication programs aimed at ensuring that itsregulations, policies, standards and managerial authorities are understood throughout the organization.This financial statement has been audited by the Auditor General of Canada, his role being to express anopinion as to whether the Round Table’s financial statement presents fairly, in accordance with statedaccounting policies, the Round Table’s results of operations.Approved by : /- I k/67 ,.’ ugene NybergCorporate Secretary andActing Executive Directora /ie-f-kPierrette GuitardManager, Finance and Administration six
  9. 9. AUDITOR GENERAL OF CANADA VhIFICATEUR GEN&AL DU CANADA AUDITOR’S REPORTTo the National Round Table on the Environment and the Economy and to the Prime MinisterI have audited the statement of operations of the National Round Table on the Environment and theEconomy for the year ended March 3 1,1996. This financial statement is the responsibility of the NationalRound Table’s management. My responsibility is to express an opinion on this financial statement basedon my audit.I conducted my audit in accordance with generally accepted auditing standards. Those standards requirethat I plan and perform an audit to obtain reasonable assurance whether the financial statement is free ofmaterial misstatement. An audit includes examining, on a test basis, evidence supporting the amounts anddisclosures in the financial statement. An audit also includes assessing the accounting principles used andsignificant estimates made by management, as well as evaluating the overall financial statement presentation.In my opinion, this financial statement presents fairly, in all material respects, the results of operations ofthe National Round Table for the year ended March 3 1, 1996 in accordance with the accounting policiesset out in Note 2 to the financial statement.Raymond Dubois, FCADeputy Auditor Generalfor the Auditor General of CanadaOttawa, CanadaJune 20,1996 seven
  10. 10. NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY Statement of Operations 4nr the P&ad ended March 31_ 1996 1995 (12 months) (11 months) $3 $Expenditure Operating Salaries and employee benefits 1,033,333 632,033 Professional and special services 1,024,537 877,656 Transportation and communications 289,040 476,247 Publications 226,332 230,324 Rentals 128,501 138,374 Utilities, materials and supplies 73,143 79,583 Acquisitions of capital assets 70,944 46,796 Repairs and maintenance 10,896 10,513 Other 11 619 2,856,737 2,492,145 Executive Committee Honoraria 7,050 637 Travel and living expenses 11,464 596 18,514 1,233 Other Committees Honoraria 116,204 154,157 Travel and living expenses 132,732 161,473 248,936Total cost of operations (Note 3) 3,124,187 2,809,008The accompanying notes form an integral part of this statement.Approved by: I Stuart Smith Eugene Nyberg Chair Corporate Secretary and Acting Executive Director I eight
  11. 11. NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY Notes to the Statement of Operations for the period ended March 3 1, 19961. Authority and purpose The National Round Table on the Environment and the Economy (Round Table) was established as a departmental corporation under Schedule II of the Financial Administration Act in accordance with the National Round Table on the Environment and the Economy Act that became effective April 28, 1994. The Round Table fulfils its objective of promoting sustainable development, and the integration of environment and economy in decision-making in all sectors, by conducting studies, organizing multi-stakeholder “dialogues” on specific issues and economic sectors, providing advice, carrying out educational and communication activities, and by acting as a catalyst for change. Its operating expenditure is funded by a lapsing authority, and to a lesser extent, from cost recovery and cost sharing for specific activities.2. Significant accounting policies The statement of operations has been prepared in accordance with the reporting requirements and standards established by the Receiver General of Canada for departmental corporations. The most significant accounting policies are as follows: a> Expenditure recognition All expenditures are recorded on the accrual basis with the exception of vacation pay which is recorded on the cash basis. b) Capital purchases Acquisitions of capital assets are charged to operating expenditure in the year of purchase. c> Services provided without charge by Government Departments Estimates of amounts for services provided without charge from Government Departments are included in the operating expenditure. 4 Refunds of previous years’ expenditures Refunds of previous years’ expenditures are recorded as revenue when received, and are not deducted from expenditure. 4 Pension plan Employees participate in the Public Service Superannuation Plan administered by the Government of Canada. The employees and the Round Table contribute equally to the cost of the Plan. The Round Table’s contributions are recorded as expenditure in the year they are made. nine
  12. 12. 3. Parliamentary appropriation 1996 1995 (12 months) (11 months) $ $ Privy Council - Vote 28d - 2,73 1,568 Privy Council -Vote 30 3,133,ooo Supplementary Vote 30b 163,178 - 3,296,178 2,731,568 Less: amount lapsed 443,042 157,812 2,853,136 2,573,756 Add: statutory contributions to employee benefit plans 146,000 77,000 spending of proceeds from the disposal of Crown assets surplus 51 - Total use of appropriation 2,999,187 2,650,756 Add: services provided without charge by Government Departments 115,000 127,072 amount received from other Government Departments for cost-sharing activities 10,000 31,180 Total cost of operations 3,124,187 2,809,0084. Specified Purpose Account When the National Round Table on the Environment and the Economy was created, an account was established pursuant to section 2 1 of the Financial Administration Act, to record grants and donations received from third parties, and expenses to finance various studies related to the principles of sustainable development in Canada and internationally. The unspent balance in this account is carried forward for future use. 1996 1995 $ $ Balance at beginning of year 126,302 - Receipts 197,736 245,150 324,038 245,150 Disbursements 253,444 118,848 Balance at end of year 70,594 126,302 ten
  13. 13. 5. Liabilities 1996 1995 $ $ a) Accounts payable 464,402 403,984 b) Accrued salaries 39,735 182,906 504,137 586,890 c) Other liabilities Accrued vacation pay 22,074 13,8376. Related party transactions In addition to transactions outlined in Note l(d), the Round Table is related in terms of common ownership to all Government of Canada departments, agencies and Crown corporations. During the period, transactions with these related entities were in the normal course of business on normal trade terms applicable to all individuals and enterprises. Comparative figures Some comparative figures have been reclassified to conform with the presentation adopted for the current year.8. Subsequent event Effective May 28,1996, the Round Table began a cost-recovery program for its publications. Canadian distribution will be done through a distributor who will be entitled to a 50 per cent commission fee on the price of each publication sold. This program will permit the Round Table to recover a portion of the costs associated with the production and printing of its publications. It will also enable the Round Table to finance and develop future reprints or new publications. eleven
  14. 14. 9. Capital assets and accumulated amortization The accounting policies of the Government of Canada do not require the capitakation of capital assets. However, internal controls are maintained to safeguard assets and they are amortized over their useful lives of five years using the straight-line method.Capital assets March 31, 1995 Acquisitions Disposal March 31,1996at costs $ $ $ $Informatics Equipment 61,478 178,413Office Furnitureand Equipment 24,335 9,466 - 33,801 181,093 70,944 39,823 212,214Accumulated G March 31,1995 March 31,1996Amortization $ $ $ $Informatics EquipmentOffice Furnitureand Equipment 18,271 3,131 - 21,402 100,988 32,119 31,294 101,813 twelve