2018 Annual Financial Report

STATEMENT OF FINANCIAL POSITION SURREY PUBLIC LIBRARY

As at December 31, 2018, with comparative figures for 2017

2017

2018

FINANCIAL ASSETS Due from the City of Surrey (Note 2)

$ 2,109,550

$ 2,217,636

2,109,550

2,217,636

LIABILITIES Employee future benefits (Note 3)

2,151,405

2,227,500

Deferred revenue (Note 4)

42,940

80,414

2,194,345

2,307,914

NET DEBT

(84,795)

(90,278)

NON-FINANCIAL ASSETS Tangible capital assets (Note 5)

5,452,898

5,387,966

Prepaid expenses

84,744

120,177

5,537,642

5,508,143

ACCUMULATED SURPLUS (Note 7)

$ 5,452,847

$ 5,417,865

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Surinder Bhogal Chief Librarian

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Karen Reid Sidhu Chairperson

To be read in conjunction with the Notes and Schedules to the Financial Statements

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