City of Surrey Annual Financial Report

CONSOLIDATED STATEMENT OF CITY OF SURREY  CASH FLOWS

For the year ended December 31, 2019, with comparative figures for 2018 [in thousands of dollars]

2019

2018

OPERATINGTRANSACTIONS Annual Surplus Non-Cash charges to operations: Amortization of tangible capital assets

$

289,520

$

386,179

134,016

130,649

(4,659)

Gain on disposal of tangible capital assets

(11,014)

(196,531)

Developer contributions of tangible capital assets (Note 11(a))

(237,028)

38,800

-

Due to TransLink (Note 9)

Change in non-cash operating working capital: Accounts receivable

(20,048)

(14,371)

(114) (355)

Inventories of supplies

169 178

Prepaid expenses

10,216

Accounts payable and accrued liabilities

12,004 39,014

1,581 1,577

Deposits and prepayments

Deferred revenue

7,333

30,811

Deferred development cost charges

23,387

Net change in cash from operating transactions

284,814

336,500

CAPITALTRANSACTIONS Acquisition of tangible capital assets

(254,745)

(290,091)

1,190 7,661

Transfer of properties held-for-sale

43,792 17,242

Proceeds on disposal of tangible capital assets

Cash used by capital transactions

(245,894)

(229,057)

FINANCINGTRANSACTIONS Cash used in repayment of MFA debt and loans payable

(7,247) (7,247)

(38,536) (38,536)

Cash used by financing transactions

INVESTINGTRANSACTIONS Proceeds on sale of investments Cash provided by investing transactions

105,811 105,811 137,484 228,992 366,476

82,276 82,276

INCREASE IN CASH

151,183

Cash and cash equivalents, beginning of year

77,809

$

Cash and cash equivalents, end of year

$

228,992

NON-CASHTRANSACTIONS: Debt related to Biofuel processing facility (Note 8(ii))

$

-

$

341

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

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