2018 Annual Financial Report

CONSOLIDATED STATEMENT OF CITY OF SURREY CASH FLOWS

For the year ended December 31, 2018, with comparative figures for 2017 [in thousands of dollars]

2017

2018

OPERATINGTRANSACTIONS Annual Surplus Non-Cash charges to operations: Amortization of tangible capital assets

$

287,115

$

386,179

124,322

130,649 (11,014) (237,028)

Loss (gain) on disposal of tangible capital assets

3,742

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

(151,564)

Change in non-cash operating working capital: Accounts receivable

(21,523)

(14,371)

Inventories of supplies

(49)

169 178

Prepaid expenses

142

Accounts payable and accrued liabilities

15,790 36,761

12,004 39,014

Deposits and prepayments

Deferred revenue

1,643

7,333

Deferred development cost charges

(12,674) 283,705

23,387 336,500

Net change in cash from operating transactions

CAPITALTRANSACTIONS Cash used to acquire tangible capital assets

(288,639)

(290,091)

Acquisition of properties held-for-sale Transfer of properties held-for-sale

(2,704) 37,771

-

43,792 17,242

Proceeds on disposal of tangible capital assets

3,909

(249,663)

Cash used by capital transactions

(229,057)

FINANCINGTRANSACTIONS Repayment of MFA debt and loans payable Proceeds from issuance of loan payable

(15,686)

(38,536)

8,660

-

(7,026)

Cash used by financing transactions

(38,536)

INVESTINGTRANSACTIONS Sale of Investments Cash provided by investing transactions INCREASE (DECREASE) IN CASH Cash and cash equivalents, beginning of year

17,999 17,999 45,015 32,794 77,809 27,809 50,000 77,809

81,341 81,341 150,248 77,809 228,057 88,057 140,000 228,057

$

Cash and cash equivalents, end of year

$

Represented by: Cash Cash equivalents

Cash and cash equivalents, end of year

$

$

NON-CASHTRANSACTIONS: Debt related to Biofuel processing facility (Note 8(ii))

$

49,683

$

341

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

49