Statement of Operations and Accumulated Deficit ($'000)
| For the Year Ended March 31, 2023 | Note(s) | 2023 Budget | 2023 Actual | 2022 Actual |
|---|---|---|---|---|
| Revenue |
|
|
| |
| Fees, Licences and Registrations |
| $ 38,366 | $ 48,957 | $ 29,172 |
| Recoveries - Gaming Sector |
| 79,095 | 32,600 | 19,735 |
| Recoveries - iGaming Ontario | — | 9,474 | 7,264 | |
| Other Revenue | 151 | 90 | 82 | |
117,612 | 91,121 | 56,253 | ||
| Expenditures |
|
|
| |
| Salaries and Wages |
| 76,017 | 74,805 | 66,229 |
| Services | 22,062 | 13,058 | 17,987 | |
| Employee Benefits | 15,468 | 16,366 | 14,972 | |
| Amortization of Tangible Capital Assets | 8 | 3,534 | 1,942 | 1,771 |
| Transportation and Communications | 3,348 | 1,386 | 965 | |
| Supplies and Equipment | 2,070 | 750 | 812 | |
| Bad Debts | — | — | 7 | |
122,499 | 108,307 | 102,743 | ||
| Annual Deficit from Operations |
| (17,186) | (46,490) | |
| Contribution by the Province |
| 17,186 | 46,490 | |
| Annual Deficit |
| — | — | |
| Accumulated Deficit, Beginning of Year |
| — | — | |
| Accumulated Deficit, End of Year |
| $ — | $ — |
See accompanying notes to the financial statements.