2017 Finance Annual Report

CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS (DEBT)  CITY OF SURREY

As at December 31, 2017, with comparative figures for 2016 [in thousands of dollars]

2017 Budget

2016

2017

(Note 20)

ANNUAL SURPLUS

$ 289,610

$ 215,903

$ 287,115

Acquisition of tangible capital assets Amortization of tangible capital assets

(648,807)

(335,442) 120,838 (5,460) 14,622 10,461

(489,886)

122,987

124,322

Loss (gain) on disposal of tangible capital assets Proceeds on disposal of tangible capital assets

- -

3,742 3,909

(236,210)

(70,798)

Acquisition of inventories of supplies Consumption of inventories of supplies

- - - - - - -

(880)

(929)

857

880

Acquisition of prepaid expenses

(4,517)

(4,375)

Use of prepaid expenses

3,997

4,517

Transfer to properties held-for-sale

15,628

25,388

Transfer to investment in government business partnership

-

9,679

15,085

35,160

CHANGE IN NET FINANCIAL ASSETS (DEBT)

(236,210)

25,546 33,131

(35,638)

Net financial assets, beginning of year Net financial assets (debt), end of year

58,677

58,677

$ (177,533)

$ 58,677

$ 23,039

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

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