City of Surrey 2016 Annual Report

CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS (DEBT)  CITY OF SURREY

As at December 31, 2016, with comparative figures for 2015 [in thousands of dollars]

2016 Budget

2015

2016

(note 24)

ANNUAL SURPLUS

$ 277,997

$ 182,967

$ 215,903

Acquisition of tangible capital assets Amortization of tangible capital assets

(534,708)

(338,776)

(335,442)

116,775

116,837

120,838

Loss (gain) on disposal of tangible capital assets Proceeds on disposal of tangible capital assets

- -

10,134

(5,460)

7,506

14,622 10,461

(139,936)

(21,332)

Acquisition of inventories of supplies Consumption of inventories of supplies

- - - - - -

(857)

(880)

1,011

857

Acquisition of prepaid expenses

(3,997)

(4,517)

Use of prepaid expenses

3,962

3,997

Transfer to properties held-for-sale

63,836 63,955

15,628 15,085

CHANGE IN NET FINANCIAL ASSETS (DEBT)

(139,936)

42,623

25,546

Net financial assets (debt), beginning of year

33,131

(9,492)

33,131

$ (106,805)

$ 33,131

Net financial assets (debt) , end of year

$ 58,677

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

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