City of Surrey Annual Financial Report

CONSOLIDATED STATEMENT OF FINANCIAL POSITION  CITY OF SURREY

As at December 31, 2019, with comparative figures for 2018 [in thousands of dollars]

2019

2018

FINANCIAL ASSETS Cash and cash equivalents

$

366,476 176,695 620,109

$

228,992 156,647 725,920

Accounts receivable (Note 2)

Investments (Note 3)

1,163,280

1,111,559

LIABILITIES Accounts payable and accrued liabilities (Note 4)

230,144 318,243

181,128 316,662

Deposits and prepayments (Note 5)

45,867

44,290

Deferred revenue (Note 6)

308,492 221,777

277,681 229,024

Deferred development cost charges (Note 7)

Debt (Note 8)

1,124,523

1,048,785

NET FINANCIAL ASSETS

38,757

62,774

NON-FINANCIAL ASSETS Tangible capital assets (Note 11)

9,295,668

8,982,600

874

Inventories of supplies

760

4,552

Prepaid expenses

4,197

9,301,094

8,987,557

ACCUMULATED SURPLUS (Note 12)

$ 9,339,851

$ 9,050,331

Commitments and contingencies (Note 13)

Kam Grewal, BBA, CPA, CMA General Manager Finance Department

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

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