2017 Finance Annual Report

CONSOLIDATED STATEMENT OF CITY OF SURREY CASH FLOWS

For the year ended December 31, 2017, with comparative figures for 2016 [in thousands of dollars]

2016

2017

Cash provided by (used in): OPERATINGTRANSACTIONS Annual Surplus

$

215,903

$

287,115

Non-Cash charges to operations: Amortization expense

120,838

124,322

Loss (gain) on disposal of tangible capital assets

(5,460)

3,742

Developer contributions of tangible capital assets (Note 10(b))

(114,215)

(151,564)

Change in non-cash operating working capital: Accounts receivable

(11,502)

(21,523)

Inventories of supplies

(23)

(49)

Prepaid expenses

(520)

142

Accounts payable and accrued liabilities

13,953 41,658

15,790 36,761

Deposits and prepayments

Deferred revenue

4,009

1,643

Deferred development cost charges

27,337 291,978

(12,674) 283,705

Net change in cash from operating transactions

FINANCINGTRANSACTIONS Repayment of debt Proceeds from issuance of loan payable

(5,323) 27,703 (25,736) (3,356)

(5,536)

8,660

Repayment on loan payable

(10,150) (7,026)

Cash used by financing transactions

CAPITALTRANSACTIONS Cash used to acquire tangible capital assets

(221,227)

(288,639)

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

(6,955) 65,089 14,622

(2,704) 37,771

Proceeds on disposal of tangible capital assets

3,909

(148,471)

Cash used by capital transactions

(249,663)

INVESTINGTRANSACTIONS Increase in investments Cash used by investing transactions

(119,478) (119,478)

(32,001) (32,001) (4,985)

Increase (decrease) in cash Cash, beginning of year

20,673 12,121 32,794

32,794 27,809

$

Cash, end of year

$

Supplementary cash flow information: NON-CASHTRANSACTIONS: Acquisition of tangible capital assets financed by external debt

- -

49,683 49,683

$

$

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

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