City of Surrey Annual Financial Report

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

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

2019 Budget

2019

2018

(Note 21)

ANNUAL SURPLUS Acquisition of tangible capital assets Amortization of tangible capital assets Gain on disposal of tangible capital assets Proceeds on disposal of tangible capital assets

$ 289,520

$ 363,423

$ 386,179

(451,276)

(603,065)

(527,460)

134,016

133,388

130,649

(4,659)

- -

(11,014)

7,661

17,242

(24,738)

(106,254)

(4,404)

(874)

Acquisition of inventories of supplies

- - - - -

(760)

760

Consumption of inventories of supplies

929

(4,552)

Acquisition of prepaid expenses

(4,197)

4,197 1,190

Use of prepaid expenses

4,375

Transfer to properties held-for-sale

43,792

721

-

44,139

CHANGE IN NET FINANCIAL ASSETS

(24,017)

(106,254)

39,735 23,039

62,774

Net financial assets, beginning of year

62,774

Net financial assets (debt), end of year

$ 38,757

$ (43,480)

$ 62,774

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

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