City of Surrey's Annual Financial Report 2020

CONSOLIDATED STATEMENT OF FINANCIAL POSITION  CITY OF SURREY

As at December 31, 2020, with comparative figures for 2019 [in thousands of dollars]

2020

2019

FINANCIAL ASSETS Cash and cash equivalents Accounts receivable (Note 2) Portfolio investments (Note 3(a)) Other investments (Note 3(b))

$

907,279 160,653 378,749

$

366,476 176,695 619,578

624

531

1,447,305

1,163,280

LIABILITIES Trade and other accounts payable (Note 4) Due to other governments (Note 5) Employee future benefits (Note 6) Deposits and prepayments (Note 7)

74,338 273,779 29,738 294,733 114,288 314,510 214,230

82,899 118,582 28,663 284,480

Deferred revenue (Note 8)

79,630

Deferred development cost charges (Note 9)

308,492 221,777

Debt (Note 10)

1,315,616

1,124,523

NET FINANCIAL ASSETS

131,689

38,757

NON-FINANCIAL ASSETS Tangible capital assets (Note 11)

9,474,308

9,295,668

988

Inventories of supplies

874

5,352

Prepaid expenses

4,552

9,480,648

9,301,094

ACCUMULATED SURPLUS (Note 12)

$ 9,612,337

$ 9,339,851

Commitments and contingencies (Note 14)

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

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

48