2015 Financial Annual Report

STATISTICAL REVIEW

Financial Statistics (in thousands)

Source: City of Surrey Financial Services Division

2015

2011

2012

2013

2014

$ 305,794

Contribution to / (from) capital from equity

$ 200,199

$ 274,766

$ 368,451

$ 490,458

(122,827)

Contribution to / (from) reserves

(87,183)

(124,650)

(152,382)

(299,820)

-

Transfer to / (from) appropriated surplus

(1,911)

(2,449)

-

-

Annual Surplus

$ 182,967

$ 111,105

$ 147,667

$ 216,069

$ 190,638

Accumulated Surplus Net Financial Assets

$ 8,168,425

$ 7,430,302 $ 288,362

$ 7,578,751 $ 172,692

$ 7,794,820

$ 7,985,458

$

33,131

$

86,791

$

(9,492)

DEFINITIONS

Annual Surplus / (Deficit) The statement of operations reports the surplus (or deficit) from operations in the accounting period. Accumulated Surplus / (Deficit) Financial assets can be used to discharge liabilities or provide services, while non-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net debt) to calculate the accumulated surplus or deficit for the accounting period.

Net Financial Assets / (Net Debt) Net debt is measured as the difference between a

government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Financial Services Division

$500,000

$400,000

$435,923

$424,699

$382,805

$300,000

$305,724

$252,618

$200,000

$100,000

$0

2011

2012

2013

2014

2015

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