2018 Annual Financial Report

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

As at December 31, 2018, with comparative figures for 2017 [in thousands of dollars]

2018 Budget

2017

2018

(Note 22)

ANNUAL SURPLUS

$ 310,442

$ 287,115

$ 386,179

Acquisition of tangible capital assets Amortization of tangible capital assets

(666,077)

(489,886)

(527,460) 130,649 (11,014)

128,967

124,322

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

- -

3,742 3,909

17,242

(226,668)

(70,798)

(4,404)

Acquisition of inventories of supplies Consumption of inventories of supplies

- - - - - - -

(929)

(760)

880

929

Acquisition of prepaid expenses

(4,375)

(4,197)

Use of prepaid expenses

4,517

4,375

Transfer to properties held-for-sale

25,388

43,792

Transfer to investment in government business partnership

9,679

-

35,160

44,139

CHANGE IN NET FINANCIAL ASSETS (DEBT)

(226,668)

(35,638)

39,735

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

23,039

58,677

23,039

$ (203,629)

$ 23,039

$ 62,774

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

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