Annual Report 2014

Surrey Public Library

Statement of Change in Net debt

As at December 31, 2014, with comparative figures for 2013

2014 Budget

2014

2013

(note 9)

ANNUAL DEFICIT

$ (492,000)  $ (184,560)  $ (160,926)

(1,874,224)

Acquisition of tangible capital assets

(2,000,000)

(1,944,187)

2,035,991

Amortization of tangible capital assets

2,492,000

2,049,050

(22,793)

-

(56,063)

(33,758)

Acquisition of prepaid expenses

-

(34,665)

34,665

Use of prepaid expenses

-

60,027

907

-

25,362

CHANGE IN NET DEBT

$(21,886)  $ (30,701)

$

-

(104,872)

Net Debt, beginning of year

(104,872)

(74,171)

Net Debt, end of year

$ (104,872)  $ (126,758)  $ 104,872)

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

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