Financial highlights — 2016
The budget appropriations for 2014-2015-2016 and the financing of the appropriations, as approved by the Assembly, are shown in Table 1:
As shown in Table 2, the final appropriation for 2016 was adjusted to CAD 96 433 000, as a result of:
The actual expenditure for 2016 amounted to CAD 106 891 000. Since 2010, Member States are invoiced partly in USD and partly in CAD. The USD/CAD exchange rate on 1 January 2016 (the date when invoices were raised in USD) was higher than the rate used in developing the 2016 budget, causing an addition to total assessed contributions of CAD 13 201 000. In addition, there was a revaluation of balance sheet items due to a net currency exchange loss of CAD 2 743 000. The net gain (CAD 10 458 000) has been allocated to actual expenditures (CAD 106 891 000) in order to restate them to the budget rate of exchange, which amounts to CAD 96 433 000.