2015 Financial Annual Report

Surrey Public Library

NOTES TO THE FINANCIAL STATEMENTS

For the year ended December 31, 2015

4. DEFERRED REVENUE

2014

2015

Balance, beginning of year

$

93,698

$

83,831

Amounts received for grants, sponsorships and other

151,786

132,807

Amounts recognized as Provincial and Federal grants revenue

(161,653)

(171,131)

Balance, end of year

$

83,831

$

45,507

5. TANGIBLE CAPITAL ASSETS

Disposals / Write-downs/ Allocations

Balance at December 31, 2014

Balance at December 31, 2015

Additions

Cost

Books and publications

$

9,477,354

$

1,658,087

$

2,006,486

$

9,128,955

Machinery and equipment

1,914,758

120,142

118,388

1,916,512

$ 11,392,112

$

1,778,229

$

2,124,874

Total

$ 11,045,467

Accumulated Amortization on Disposals

Balance at December 31, 2014

Balance at December 31, 2015

Amortization

Accumulated Amortization

Books and publications

$

4,883,818

$

1,860,646

$

2,006,486

$

4,737,978

Machinery and equipment

835,322

172,453

118,388

889,387

$

5,719,140

$

2,033,099

$

2,124,874

Total

$

5,627,365

Balance at December 31, 2014

Balance at December 31, 2015

Net Book Value

Books and publications

$

4,593,536

$

4,390,977

Machinery and equipment

1,079,436

1,027,125

$

5,672,972

Total

$

5,418,102

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