Annual Report 2014

City of Surrey Consolidated Statement of Cash Flows

For the year ended December 31, 2014, with comparative figures for 2013 [in thousands of dollars]

2014

2013

Cash provided by (used in):

(recast - note 2)

OPERATING TRANSACTIONS Annual Surplus Non-Cash charges to operations: Amortization expense

$ 188,821

216,069

110,257 15,265 (146,796)

94,198

Loss on disposal of tangible capital assets

3,171

Developer contributions of tangible capital assets (note 12(b))

(90,854)

Change in non-cash operating working capital: Accounts receivable

(5,427)

1,502

(1)

Inventories of supplies

20

(663)

Prepaid expenses

(358)

(6,260) 16,646

Accounts payable and accrued liabilities

6,739

Deposits and prepayments

(148)

(319)

Deferred revenue

157

4,188

Deferred development cost charges

9,109

Net change in cash from operating transactions

175,711

239,605

FUNDING TRANSACTIONS Proceeds from issuance of debt

-

67,335 (3,579)

(4,922)

Repayment of debt

2,665

Proceeds from issuance of loan payable

7,302

(1,346) (3,603)

Repayment on loan payable

(957)

Cash provided (used) by financing transactions

70,101

CAPITAL TRANSACTIONS Cash used to acquire tangible capital assets

(310,059)

(339,309)

(4,321) 29,449

Acquisition of properties held-for-sale Disposal of properties held-for-sale

(719)

26,083

5,887

Proceeds on disposal of tangible capital assets Cash provided (used) by financing transactions

3,165

(279,044)

(310,780)

INVESTING TRANSACTIONS Decrease (increase) in investments

91,669 91,669

(10,575) (10,575) (11,649) 82,051 70,402

Cash provided (used) by investing transactions Increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year

(15,267)

70,402

$ 55,135

$

Supplementary cash flow information: NON-CASH TRANSACTIONS: Exchange of land

$ $

- -

$ $

6,739 6,739

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

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