Statement of Operations and Accumulated Deficit

Statement of Operations and Accumulated Deficit ($'000)

For the Year Ended March 31, 2024

Note(s)

2024 Budget

2024 Actual

2023 Restated Actual (Note 2b)

 

Revenue

 

 

 

 

Licence and Registration Fees

8

$ 63,393

$        43,622

$ 43,948

Regulatory Charges - Gaming Sector

9

61,046

43,510

31,277

Cost Recoveries from iGamingOntario

14

13,124

11,360

9,474

Regulatory Charges - Horse Racing Sector

 

 

9,578

 

7,185

 

7,180

Other Revenue

 

151

31

96

 

 

147,292

105,708

91,975

 

Expenditures

 

 

 

 

Salaries and Wages

 

85,418

88,678

74,805

Services

 

30,790

13,296

13,064

Employee Benefits

5

18,019

20,597

16,366

Amortization of Tangible Capital

7

2,405

2,117

1,942

Transportation and Communications

 

1,546

1,303

1,386

Supplies and Equipment

 

968

1,148

750

 

 

139,146

127,139

108,313

Annual Deficit from Operations

 

 

(21,431)

(16,338)

Contribution by the Province

13

 

21,431

16,338

Annual Deficit

 

 

Accumulated Deficit, Beginning of Year

 

 

Accumulated Deficit, End of Year

 

 

$ —

$ —

See accompanying notes to the financial statements.