Annual Report 2014

Surrey Public Library

Statement of Cash Flows

For the year ended December 31, 2014, with comparative figures for 2013

2014

2013

CASH PROVIDED BY (USED IN): OPERATIONAL ACTIVITY

$

(184,560)

Annual Deficit

$   (160,926)

Items not involving cash

2,035,991

Amortization expense

2,049,050

221,667

Employee future benefits expense (note 3)

255,958

Change in non-cash assets and liabilities

907

Decrease in prepaid expenses

25,362

(9,867)

Decrease in deferred revenue

(93,615)

(79,914)

Increase in Due from the City of Surrey

(70,942)

(110,000)

Employee Future Benefits paid by the City of Surrey (note 3)

(60,700)

1,874,224

Net change in cash from operating activities

1,944,187

CAPITAL ACTIVITY Cash used to acquire tangible capital assets

(1,874,224)

(1,944,187)

(1,874,224)

Net change in cash from capital activity

(1,944,187)

Net change in cash

$

-

$

-

-

Cash, beginning of year

-

$

-

Cash, end of year

$

-

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

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