City of Surrey 2019 Annual Financial Report

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS  CITY OF SURREY

For the year ended December 31, 2019 [tabular amounts in thousands of dollars]

11. TANGIBLE CAPITAL ASSETS

Net Book Value by category

2019

2018

$ 1,942,379

Land and land improvements

$ 1,878,923

3,228,036

Land under road

3,079,917

478,748

Buildings and building improvements

434,452

3,167,425

Infrastructure

3,095,717

149,667 329,413

Machinery and equipment Assets under construction

133,125 360,466

$ 9,295,668

$ 8,982,600

2019

2018

Net Book Value by fund

$ 2,627,885

General capital

$ 2,528,916

4,245,266

Transportation capital

4,073,506

647,071 601,188

Water capital Sewer capital Drainage capital

640,316 593,978

1,104,033

1,094,243

5,434

Library capital

5,388

64,788

Surrey City Development Corp.

46,216

3

Other Entities

37

$ 9,295,668

$ 8,982,600

For additional detailed information, see the Schedule of Tangible Capital Assets (Schedule 1). a) Contributed tangible capital assets

Contributed tangible capital assets have been recognized at fair value at the date of contribution. The value of contributed assets received during the year was $196.5 million (2018 - $237.0 million) comprised of roads infrastructure in the amount of $160.9 million (2018 - $179.2 million), water and wastewater infrastructure in the amount of $18.0 million (2018 - $38.6 million) and land in the amount of $17.6 million (2018 - $19.2 million), including improvements.

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