City of Surrey's Annual Financial Report 2020

CONSOLIDATED STATEMENT OF CITY OF SURREY  CASH FLOWS

For the year ended December 31, 2020 with comparative figures for 2019 [in thousands of dollars]

2020

2019

OPERATING TRANSACTIONS Annual Surplus Non-Cash items: Amortization of tangible capital assets Loss (gain) on disposal of tangible capital assets

$

272,486

$

289,520

136,354

134,016

686

(4,659)

Developer contributions of tangible capital assets (Note 11(a)) TransLink compensation agreement provision (Note 13)

(138,611)

(196,531)

200

38,800

Change in non-cash operating working capital: Accounts receivable

16,042

(20,048)

(114) (800)

Inventories of supplies

(114) (355)

Prepaid expenses

(8,561)

Trade and other accounts payable

(6,446) 16,006

154,997

Due to other governments Employee future benefits Deposits and prepayments

1,075

656

10,253 34,658

1,581 1,577

Deferred revenue

6,018

Deferred development cost charges

30,811

Net increase in cash from operating transactions

484,683

284,814

CAPITAL TRANSACTIONS Acquisition of tangible capital assets

(178,608)

(254,745)

-

Transfer of properties held-for-sale

1,190 7,661

1,539

Proceeds on disposal of tangible capital assets

Cash used by capital transactions

(177,069)

(245,894)

FINANCING TRANSACTIONS Repayment of MFA debt and loans payable Cash used by financing transactions INVESTING TRANSACTIONS Proceeds on disposal of portfolio investments (Cash used on) / proceeds from other investments Cash provided by investing transactions

(7,547) (7,547)

(7,247) (7,247)

240,829

105,514

(93)

297

240,736

105,811

INCREASE IN CASH

540,803 366,476 907,279

137,484 228,992 366,476

Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year

$

$

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

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