2015 Financial Annual Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS City of Surrey

For the year ended December 31, 2015 [tabular amounts in thousands of dollars]

13. TANGIBLE CAPITAL ASSETS

Balance at December 31, 2014

Disposals / WIP Allocations

Balance at December 31, 2015

Additions

Cost

Land and land improvements

$ 1,748,642

$ 46,070

$ 19,166

$ 1,775,546

Buildings

501,420

75,053

12,252

564,221

Infrastructure

4,200,253

216,562

6,450

4,410,365

Machinery and equipment

217,833

31,582

8,410

241,005

Land under road

2,628,397

95,094

-

2,723,491

Work-in-Progress

400,957

353,272

527,282

226,947

Total

$ 9,697,502

$ 817,633

$ 573,560

$ 9,941,575

Accumulated Amortization on Disposals

Balance at December 31, 2014

Balance at December 31, 2015

Amortization

Accumulated Amortization

(recast – note 3)

Land and land improvements

$ 71,524

$

4,160

$

255

$ 75,429

Buildings

183,880

16,713

1,208

199,385

Infrastructure

1,345,354

77,339

3,449

1,419,244

Machinery and equipment

106,767

18,625

8,315

117,077

Total

$ 1,707,525

$ 116,837

$ 13,227

$ 1,811,135

December 31, 2014

Net Book Value by category

December 31, 2015

(recast – note 3)

Land and land improvements

$ 1,677,118

$ 1,700,117

Buildings

317,540

364,836

Infrastructure

2,854,899

2,991,121

Machinery and equipment

111,066

123,928

Land under road

2,628,397

2,723,491

Work-in-Progress

400,957

226,947

Total

$ 7,989,977

$ 8,130,440

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