City of Surrey's Annual Financial Report 2020

CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS  CITY OF SURREY

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

2020 Budget

2020

2019

(Note 23)

ANNUAL SURPLUS Acquisition of tangible capital assets Amortization of tangible capital assets

$ 272,486

$ 315,986

$ 289,520

(317,219) 136,354

(496,516) 150,069

(451,276)

134,016

686

Loss (gain) on disposal of tangible capital assets Proceeds on disposal of tangible capital assets

- -

(4,659)

1,539

7,661

93,846

(30,461)

(24,738)

(988)

Acquisition of inventories of supplies Consumption of inventories of supplies

- - - - - -

(874)

874

760

(5,352)

Acquisition of prepaid expenses

(4,552)

4,552

Use of prepaid expenses

4,197 1,190

-

Transfer to properties held-for-sale

(914)

721

CHANGE IN NET FINANCIAL ASSETS

92,932 38,757

(30,461)

(24,017)

Net financial assets, beginning of year Net financial assets, end of year

38,757

62,774

$ 131,689

$

8,296

$ 38,757

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

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