| Schedule H |
| RECONCILIATION
OF DEFICIT TO CHANGE IN TAXPAYER-SUPPORTED DEBT |
| AND STATEMENT
OF TOTAL DEBT 1 |
|
|
|
|
|
|
|
|
|
|
Estimates 1 |
|
Revised Forecast |
|
|
|
|
Estimates |
|
2002/03 |
|
2002/03 |
|
|
|
|
2003/04 |
| |
$000 |
|
$000 |
|
|
|
|
$000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TAXPAYER-SUPPORTED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
4,400,000 |
|
3,800,000 |
|
Deficit 2
... |
|
2,300,000 |
|
|
|
|
|
|
|
|
|
74,000 |
|
62,000 |
|
Self-Supported
Crown Corporation and Agency Income in Excess of Contributions to the |
|
7,000 |
|
|
|
|
|
|
Consolidated
Revenue Fund 3 |
|
|
(1,863,000) |
|
(1,489,000) |
|
Adjustment
for Expenses Not Requiring Working Capital or Other Borrowing 4 ……... |
|
(1,841,000) |
|
(228,668) |
|
(1,599,000) |
|
Working
Capital Changes |
|
106,430 |
|
2,382,332 |
|
774,000 |
|
|
Operating
Requirement (Source) … |
|
572,430 |
|
|
|
|
|
|
|
|
|
894,120 |
|
619,000 |
|
Prepaid
Capital Advances (Schedule C) … |
|
656,300 |
|
775,315 |
|
562,000 |
|
Tangible
Capital Asset Expenditures (Schedule D) |
|
793,660 |
|
1,669,435 |
|
1,181,000 |
|
|
Capital
Requirement |
|
1,449,960 |
|
|
|
|
|
|
|
|
|
179,233 |
|
151,000 |
|
Loan,
Investment and Other Requirements (Schedule E) |
|
742,610 |
|
|
|
|
|
|
|
|
|
4,231,000 |
|
2,106,000 |
|
Net
Increase/(Decrease) in Taxpayer-Supported Debt … |
|
2,765,000 |
|
27,370,000 |
|
27,175,000 |
|
Taxpayer-Supported
Debt, Beginning of Year 5 … |
|
29,281,000 |
|
31,601,000 |
|
29,281,000 |
|
Taxpayer-Supported
Debt, End of Year … |
|
32,046,000 |
|
(222,000) |
|
(194,000) |
|
|
Less:
Taxpayer-Supported Third Party Guarantees and Non-Guaranteed Debt |
|
(175,000) |
|
31,379,000 |
|
29,087,000 |
|
Taxpayer-Supported
Debt, End of Year (net of guarantees and non-guaranteed debt) |
|
31,871,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SELF-SUPPORTED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Self-Supported
Crown Corporation and Agency Debt … |
|
|
7,442,000 |
|
6,998,000 |
|
|
British
Columbia Hydro and Power Authority … |
|
7,689,000 |
|
639,000 |
|
486,000 |
|
|
British
Columbia Railway Company … |
|
478,000 |
|
296,000 |
|
203,000 |
|
|
Other
Crown Corporation and Agency Debt 6 … |
|
253,000 |
|
8,377,000 |
|
7,687,000 |
|
Total
Self-Supported Crown Corporation and Agency Debt … |
|
8,420,000 |
|
(413,000) |
|
(232,000) |
|
|
Less:
Debt Guarantees and Non-Guaranteed Debt … |
|
(264,000) |
|
7,964,000 |
|
7,455,000 |
|
Self-Supported
Debt (net of guarantees and non-guaranteed debt) |
|
8,156,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Warehouse
Borrowing 7
…… |
|
|
|
|
|
|
|
|
|
|
|
750,000 |
|
300,000 |
|
Forecast
Allowance …… |
|
500,000 |
|
|
|
|
|
|
|
|
|
40,093,000 |
|
36,842,000 |
|
Total
Debt (net of guarantees and non-guaranteed debt) … |
|
40,527,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES |
|
|
| 1 |
Further details on debt are provided in
Appendix Table A15 in the Budget and Fiscal Plan - 2003/04 to 2005/06. |
|
|
| 2 |
For purposes of
the debt reconciliation a deficit is shown as a positive amount since it
increases government debt. |
| 3 |
Represents the
elimination of self-supported Crown corporation/agency income which is
included in the Summary Accounts deficit but has not been transferred to the
Consolidated Revenue Fund. The excess
earnings remain in the Crown corporation/agency and reduce self-supported
Crown corporation/agency debt. |
| 4 |
These adjustments
include, primarily, the amortization of capital assets and the forecast
allowance. |
| 5 |
The
2002/03 Revised Forecast includes taxpayer-supported third party
guarantees. The amount reported in the
2001/02 Public Accounts ($26,952 million) excludes third party guarantees of
$223 million. |
| 6 |
Includes,
primarily, the debt related to Columbia River power projects. |
|
|
|
|
|
|
|
|
|
| |