Statement of Operations and Accumulated Deficit

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	14	—	9,474	7,264
Other Revenue		151	90	82
	9	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	5	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	13		17,186	46,490
Annual Deficit			—	—
Accumulated Deficit, Beginning of Year			—	—
Accumulated Deficit, End of Year			$ —	$ —

See accompanying notes to the financial statements.