Year ended March 31
(In thousands of dollars)
| 2012 | 2011 | |
|---|---|---|
| Net cost of operations after government funding and transfers | $ 68,805 | $ (10,777) |
| Change in tangible capital assets | ||
| Acquisition of tangible capital assets | 14,277 | 50,065 |
| Amortization of tangible capital assets | (37,640) | (31,550) |
| Proceeds from disposal of tangible capital assets | (119) | (218) |
| Loss on disposal of tangible capital assets | (113) | (543) |
| Post-capitalization of tangible capital assets | 47 | 818 |
| Transfer from/to low value assets | - | (87) |
| Tangible capital assets funded by other government departments (OGD) | 91 | 200 |
| Tangible capital assets transfer to OGD (Note 12) | (4,919) | 6,203 |
| Total change due to tangible capital assets | (28,376) | 24,888 |
| Change in inventories | 35 | (158) |
| Change in prepaid expenses | (7) | 706 |
| Net increase in Agency net debt | 40,457 | 14,659 |
| Agency - net debt - Beginning of year | 139,448 | 124,789 |
| Agency - net debt - End of year | $ 179,905 | $ 139,448 |
The accompanying notes are an integral part of these financial statements.