Financial Statements

Management's Responsibility Statement 

Year ended March 31, 2022

The financial statements contained in this annual report have been prepared by management in accordance with International Financial Reporting Standards (IFRS). The integrity and objectivity of the data in these financial statements are management’s responsibility. Some of the information in the financial statements is based on management’s best estimates and judgments and gives due consideration to materiality.

Management’s Discussion and Analysis

For the Year Ended March 31, 2022

Management’s Discussion and Analysis (MD&A) outlines CATSA’s financial results and operational changes for the year ended March 31, 2022. This MD&A should be read in conjunction with CATSA’s audited annual financial statements and accompanying notes for the year ended March 31, 2022, which have been prepared in accordance with International Financial Reporting Standards (IFRS). The information in this report is expressed in thousands of Canadian dollars and is current to June 16, 2022, unless otherwise stated.

Disclosures

Report of CATSA’s Official Languages Act Requirement

Under Part IV of the Official Languages Act, CATSA is required to provide screening services to the travelling public in both official languages at airports with one million or more passengers, and at airports where there is a significant demand for services in the minority language.

Corporate Governance

CATSA is accountable to Parliament through the Minister of Transport and is governed by a Board of Directors appointed by the Governor in Council. Two of the Directors are nominated by the airline industry and two from the airport industry.

The Board of Directors is responsible for overall stewardship of CATSA, including:

Corporate Performance

Table 1: Results for the Implementation of CATSA’s Mandate:

The following table identifies key performance indicators (KPIs), which correspond to the organization’s performance in the management of its mandated operations. These KPIs are reported to the Senior Management Committee and the Board of Directors on a quarterly basis for their oversight and management of the organization’s performance.

Effectiveness

Given the sensitivity of this performance category and its associated results, this data cannot be included in a public document.

Risk Profile

Risk management is embedded into strategic decision-making and resource allocation within CATSA, thereby allowing the organization to make informed decisions at the corporate and operational levels. Risk management allows an organization to be more innovative and adaptable in its approach to operations and meeting strategic objectives. This is particularly true in a sector that is as fluid as civil aviation.

Looking Ahead

Continue supporting industry recovery

CATSA will continue to work diligently with Transport Canada, airport authorities, airlines, screening contractors and other industry partners to provide effective and efficient security screening services while being a critical partner in the recovery of the industry.

Reporting on Results

Pre-board Screening

PBS Wait-Time Service Levels

CATSA screened an estimated 25.1 million passengers in 2021/22, which represents a 258% increase from 2020/21 traffic. CATSA operations have remained resilient and have continued to adapt to the dynamic travel patterns and evolving domestic and international health measures.

Annual Highlights

  1. COVID-19 Pandemic Response and Recovery Efforts
    CATSA collaborated with the Government of Canada, screening contractors, airport authorities and airlines to ensure safety measures were in place during the second year of the pandemic. Such measures included: temperature screening of passengers, CATSA’s vaccination verification program for passengers and non-passengers, continued enhanced sanitization procedures, deployment of acrylic barriers at airports, and personal protective equipment for CATSA staff and screening officers.