Notes to the Corporate Scorecard
1. Client reported actual export sales for 2008-09 was $36.9 million. Client reported forecasted export sales for 2008-09 was $118.8 million.
2. Target of 15 established, which includes successful transactions with partners and material amendments to existing clients that have a positive net economic benefit to the province. A total of 13 transactions completed. This includes five loans, five equity investments and three material amendments to existing clients that have a positive net economic benefit to the province.
3. Average gross salary includes salary and benefits
4. Consistent with industry reporting standards, NSBI’s approach to reporting the creation and retention of payroll is to record the project, and the maximum forecasted payroll impact, in the fiscal year in which the project is authorized and accepted by the client.
The maximum payroll impact is calculated by adding the maximum payroll possible plus retained payroll from projects completed in the fiscal year.
Total payroll = maximum payroll + retained payroll.
Forecasted payroll from investment attraction clients are determined by the investment attraction projects authorized in 2008/09.
Payroll impact from trade development clients are forecasted using a metric: one incremental job created for each $90,000 in incremental export sales. The 24-month sales data reported by these clients is annualized and then further divided by $90,000 to estimate the job impact. To calculate payroll, the job figure is multiplied by the average per capita income in the province as reported by Statistics Canada. The assumption: each forecasted job created by trade development clients has a salary equivalent to the average per capita income in the province.
Forecasted payroll from business financing and venture capital clients is determined by the business financing/venture capital projects authorized in 2008/09.
The business advisory team reports the forecasted payroll impact from projects that have been referred to and completed through partner agencies, in which the team played a significant role by arranging financing or assisting with business planning, etc. The forecasted job and payroll impact is reported by its clients.
