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Home > News & Events > News Releases > News Release Archive > 2012 News Releases > AHS releases second quarter financial results

AHS releases second quarter financial results

December 13, 2012

EDMONTON – Alberta Health Services (AHS) today released its second quarter financial results for the 2012-13 fiscal year as part of its ongoing commitment to transparency and accountability.

In May 2012, AHS approved a $12.684 billion expense budget ($12.750 billion under Canadian Public Sector Accounting Standards) that includes priority investments in strategic areas. They include a focus on primary care; optimal care pathways as a means to manage acute care occupancy and enhance continuing care options; increased services to promote access and manage wait times for hip and knee replacements, and cardiac services; Family Care Clinics; early intervention and community-based care; and Strategic Clinical Networks.

AHS second quarter total revenues were $6.086 billion and total expenses were $6.089 billion, resulting in an operating deficit of $3 million. The second quarter financial results indicate an accumulated surplus of $11 million.

“We are building a best-in-class health system for Albertans and our accumulated surplus shows we’re also building a sustainable health system by spending within our means,” said Stephen Lockwood, Chair, Alberta Health Services Board.

“Our expenses fluctuate when extra resources are needed to push forward many of our ongoing major initiatives. But overall our financial health is excellent and we’re doing what we need to do for Albertans: we’re responding to their needs by driving decision-making to the local level and simplifying the health system by seeing it through the eyes of patients and families.”

AHS’ fiscal year runs April 1, 2012, to March 31, 2013.


Second quarter results compared to budget as of Sept. 30, 2012:

  • Total current revenues of $6.086 billion compared to budget of $6.201 billion. 
  • Total current expenses of $6.089 billion compared to budget of $6.205 billion.

Financial statements can be viewed at www.albertahealthservices.ca/2220.asp

Alberta Health Services is the provincial health authority responsible for planning and delivering health supports and services for more than 3.8 million adults and children living in Alberta. Its mission is to provide a patient-focused, quality health system that is accessible and sustainable for all Albertans.

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