Annual Report 2014

Consolidated Statement of Changes in Net Financial Assets City of Surrey

As at December 31, 2014, with comparative figures for 2013 [in thousands of dollars]

2014 Budget

2014

2013

(note 23)

(recast - note 2)

ANNUAL SURPLUS

$ $188,821

$ 233,020

$ 216,069

(456,855)

Acquisition of tangible capital assets

(411,164)

(427,979)

110,257

Amortization of tangible capital assets

116,267

94,198

15,265

Loss (gain) on disposal of tangible capital assets

-

(3,568)

5,887

Proceeds on disposal of tangible capital assets

-

9,904

(136,625)

(61,877)

(111,376)

(1,011)

Acquisition of inventories of supplies

-

(1,010)

1,010

Consumption of inventories of supplies

-

1,030

(3,962)

Acquisition of prepaid expenses

-

(3,299)

3,299

Use of prepaid expenses

-

2,941

41,006

Transfer to properties held-for-sale

-

25,813

40,342

-

25,475

CHANGE IN NET FINANCIAL ASSETS (DEBT)

(96,283)

(61,877)

(85,901)

86,791

Net financial assets, beginning of year

86,791

172,692

Net financial assets (debt) , end of year

$

(9,492)

$ 24,914

$ 86,791

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

10