Skip to main content
Logo
www.technicalsafetybc.ca
contact@technicalsafetybc.ca
Toll Free: 1 866 566 7233
Client service updates

Safety critical assessments and incident investigations are continuing. Read the latest COVID-19 information.

Show alerts
Home

Header

  • Products
    • Permits
    • Certification
    • Licences
    • Design registration
    • Assessments
    • Learning centre
  • About
    • About us
    • Governance and leadership
    • Jurisdiction
  • Careers
My Accounts
Menu
My Accounts

Header

  • Products
    • Permits
    • Certification
    • Licences
    • Design registration
    • Assessments
    • Learning centre
  • About
    • About us
    • Governance and leadership
    • Jurisdiction
  • Careers

Header

  • Products
    • Permits
    • Certification
    • Licences
    • Design registration
    • Assessments
    • Learning centre
  • About
    • About us
    • Governance and leadership
    • Jurisdiction
  • Careers
My Accounts

2018 Annual Report / Financial Performance /

Statement of Operations

Year ended December 31, 2018, with comparative information for 2017
  2018 ($) 2017 ($)
Revenue:     
Services and related fees 

(note 13)

Note 13. Services and related fees revenue:

  2018 ($) 2017 ($)
Installation permits $37,588,491 $33,405,574
Operating permits 15,582,264 16,074,285
Certification and licensing 4,212,530 3,701,207
Design registration 2,127,654 2,060,635
Inspections 2,115,545 2,016,701
ASA and ESA 1,295,648 1,177,400
Equipment approvals 976,910 1,129,379
Miscellaneous 824,883 662,403
  $64,723,925 $60,227,584
64,723,925 60,227,584
Investment and other income 

(note 14)

Note 14. Investment and other income:

  2018 ($) 2017 ($)
Investment income 802,547 465,349
Change in fair value on investments (473,503) 253,413
  329,044 718,762
     
Interest income on cash balances 133,700 80,676
Gain on disposal of property and equipment 142,746 92,599
Monetary penalties issued 274,022 370,200
  879,512 1,262,237
879,512 1,262,237
  65,603,437 61,489,821
Expenses:
Salaries and benefits 44,332,073 39,885,474
General, operating and administration 7,479,518 6,258,765
Amortization and writedown of property, equipment and intangible assets  4,398,200 4,077,354
Building occupancy 5,020,044 3,032,734
Communications and information services 3,529,035 3,245,055
Transportation 2,553,176 2,357,854
Corporate governance 515,708 494,019
  67,827,754 59,351,255
Excess (deficiency) of revenue over expenses (2,224,317) 2,138,566

Download the full 2018 Annual Report

For full Independent Auditors' Report, financial statements and accompanying notes.

Download

Annual Report Home

Financial Performance
Statement of Financial Position
Statement of Changes in Net Assets
Statements of Cash Flows

 

Contact us

1 866 566 7233 (8 am—5 pm, Monday—Friday)

Office locations

Footer Nav

  • Technology
    • ENERGY
      • Boiler, PV, Refrigeration
      • Electrical
      • Gas
      • Alternative Safety Approaches (ASA)
    • TRANSPORTATION
      • Amusement Devices
      • Elevating Devices
      • Passenger Ropeways
      • Railways
  • Products
    • Permits
    • Certification
    • Licences
    • Design registration
    • Assessments
    • Learning centre
  • Regulatory resources
    • Codes, standards and regulations
    • Regulatory notices
    • Find a licensed contractor
    • Find a certified individual
    • Forms
    • Fees
  • Safety in BC
    • Safety stories
    • Incident investigations
    • Compliance and enforcement
    • State of Safety
    • Safety education
  • Get involved
    • News
    • Events
    • Engagement
  • Connect with us
    • Governance and leadership
    • Careers
    • Contact us
    • Sign up for newsletter
    • Have you witnessed an incident or hazard that involves regulated work or a regulated product?
    • Report an incident
  • Terms and policies
    • Cookie policy
    • Privacy policy
    • Terms of use

Have you witnessed an incident or hazard that involves regulated work or a regulated product?

Report Now
© Technical Safety BC
Cookie policy
Privacy policy
Terms of use