Annual Report 2014

City of Surrey

Notes to the Consolidated Financial Statements For the year ended December 31, 2014 [tabular amounts in thousands of dollars]

12. Tangible capital assets (continued)

Net Book Value by category

December 31, 2014

December 31, 2013

(recast – note 2)

$

1,677,118

Land and land improvements

$

1,636,260

317,540

Buildings

183,925

2,854,899

Infrastructure

2,718,877

109,249

Machinery and equipment

87,637

2,628,397

Land under road

2,547,941

400,957

Work-in-Progress

529,080

$ 

7,988,160

Total

$

7,703,720

Net Book Value by fund

December 31, 2014

December 31, 2013

(recast – note 2)

$ 2,148,352

General capital

$

2,069,836

3,525,417

Transportation capital

3,346,551

592,103

Water capital

583,796

541,931

Sewer capital

535,864

1,059,186

Drainage capital

1,054,335

5,673

Library capital

5,835

115,498

Surrey City Development Corp.

107,503

$ 7,988,160

Total

$

7,703,720

a) Work-in-progress Work-in-progress is comprised of costs related to projects currently under planning, development or construction that will result in a finished asset at a future date. Such costs are capitalized until such time as the property is ready for use or sale.

Work-in-progress having a value of $401.0 million (2013 - $529.1 million) has not been amortized. Amortization of these assets will commence when each specific asset is put into service.

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