2015 Financial Annual Report

City of Surrey CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended December 31, 2015, with comparative figures for 2014 [in thousands of dollars]

2014 (recast - note 3)

2015

Cash provided by (used in): OPERATING TRANSACTIONS Annual Surplus

$

190,638

$

182,967

Non-Cash charges to operations: Amortization expense

108,440 15,265 (146,796)

116,837 10,134 (129,608)

Loss on disposal of tangible capital assets

Developer contributions of tangible capital assets (note 13(b))

Change in non-cash operating working capital: Accounts receivable

(5,427)

35,422

Inventories of supplies

(1)

154

Prepaid expenses

(663)

(35)

Accounts payable and accrued liabilities

(6,260) 16,646

(10,508)

Deposits and prepayments

24,260

Deferred revenue

(319)

4,862

Deferred development cost charges

4,188

10,036 244,521

175,711

Net change in cash from operating transactions

FINANCING TRANSACTIONS Repayment of debt

(4,922)

(5,119)

Proceeds from issuance of loan payable

2,665

2,910

Repayment on loan payable

(1,346) (3,603)

(11,849) (14,058)

Cash provided (used) by financing transactions

CAPITAL TRANSACTIONS Cash used to acquire tangible capital assets

(310,059)

(209,168)

Acquisition of properties held-for-sale Disposal of properties held-for-sale

(4,321) 29,449

(9,272) 61,717

Proceeds on disposal of tangible capital assets Cash provided (used) by capital transactions

5,887

7,506

(279,044)

(149,217)

INVESTING TRANSACTIONS Decrease (increase) in investments

91,669 91,669

(116,252) (116,252) (35,006)

Cash provided (used) by investing transactions Increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of year

(15,267)

70,402 55,135

55,135 20,129

$

Cash and cash equivalents, end of year

$

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

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