2015 Financial Annual Report

CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS (DEBT) City of Surrey

As at December 31, 2015, with comparative figures for 2014 [in thousands of dollars]

2015 Budget

2014

2015

(note 24)

(recast - note 3)

ANNUAL SURPLUS

$ 286,274

$ 190,638

$ 182,967

Acquisition of tangible capital assets

(451,745)

(456,855)

(338,776)

Amortization of tangible capital assets

127,894

108,440

116,837

Loss on disposal of tangible capital assets

-

15,265

10,134

Proceeds on disposal of tangible capital assets

-

5,887

7,506

(37,577)

(136,625)

(21,332)

Acquisition of inventories of supplies

-

(1,011)

(857)

Consumption of inventories of supplies

-

1,010

1,011

Acquisition of prepaid expenses

-

(3,962)

(3,997)

Use of prepaid expenses

-

3,299

3,962

Transfer to properties held-for-sale

-

41,006

63,836

-

40,342

63,955

CHANGE IN NET FINANCIAL ASSETS (DEBT)

(37,577)

(96,283)

42,623

Net financial assets (debt), beginning of year

(9,492)

86,791

(9,492)

Net financial assets (debt) , end of year

$ (47,069)

$

(9,492)

$33,131

To be read in conjunction with the Notes to the Consolidated Financial Statements

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