Annual Financial Report 2017

STATEMENT OF FINANCIAL POSITION SURREY PUBLIC LIBRARY

As at December 31, 2017, with comparative figures for 2016

2016

2017

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

$ 2,052,772

$ 2,109,550

2,052,772

2,109,550

LIABILITIES Employee future benefits (Note 3)

2,080,093

2,151,405

Deferred revenue (Note 4)

58,943

42,940

2,139,036

2,194,345

NET DEBT

(86,264)

(84,795)

NON-FINANCIAL ASSETS Tangible capital assets (Note 5)

5,299,890

5,452,898

Prepaid expenses

34,799

84,744

5,334,689

5,537,642

ACCUMULATED SURPLUS (Note 7)

$ 5,248,425

$ 5,452,847

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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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