City of Surrey 2016 Annual Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY  FINANCIAL STATEMENTS

For the year ended December 31, 2016 [tabular amounts in thousands of dollars]

12. TANGIBLE CAPITAL ASSETS

Balance at December 31, 2015

Disposals / WIP Allocations

Balance at December 31, 2016

Additions

Cost

(recast – note 2)

Land and land improvements

$ 1,768,255

$ 51,029

$

7,467

$ 1,811,817

Buildings

564,221

49,098

18,325

594,994

Infrastructure

4,410,365

73,875

2,517

4,481,723

Machinery and equipment

241,005

27,409

9,648

258,766

Land under road

2,723,491

84,120

-

2,807,611

Work-in-Progress

226,947

335,363

287,244

275,066

Total

$ 9,934,284

$ 620,894

$ 325,201

$ 10,229,977

Accumulated Amortization on Disposals

Balance at December 31, 2015

Balance at December 31, 2016

Amortization

Accumulated Amortization Land and land improvements

$ 75,429

$

4,201

$

230

$ 79,400

Buildings

199,385

17,827 78,319 20,491

3,759 1,540 9,430

213,453

Infrastructure

1,419,244

1,496,023

Machinery and equipment

117,077

128,138

Total

$ 1,811,135

$ 120,838

$ 14,959

$ 1,917,014

December 31, 2015

Net Book Value by category

December 31, 2016

(recast – note 2)

Land and land improvements

$ 1,692,826

$ 1,732,417

Buildings

364,836

381,541

Infrastructure

2,991,121

2,985,700

Machinery and equipment

123,928

130,628

Land under road Work-in-Progress

2,723,491

2,807,611

226,947

275,066

Total

$ 8,123,149

$ 8,312,963

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