City of Surrey's Annual Financial Report 2020

NOTESTOTHE CONSOLIDATED CITY OF SURREY  FINANCIAL STATEMENTS

For the year ended December 31, 2020 [tabular amounts in thousands of dollars]

11. TANGIBLE CAPITAL ASSETS

Net Book Value by category Land and land improvements

2020

2019

$ 2,010,254

$ 1,942,379

3,311,025 496,288 3,251,299

Land under road

3,228,036

Buildings and building improvements

478,748

Infrastructure

3,167,425 149,667 329,413

138,949 266,493

Machinery and equipment Assets under construction

$ 9,474,308

$ 9,295,668

Net Book Value by fund

2020

2019

$ 2,677,023

General capital

$ 2,627,885

4,348,204 657,958 606,353 1,106,662

Transportation capital

4,245,266

Water capital Sewer capital Drainage capital Library capital

647,071 601,188

1,104,033

4,915

5,434

73,193

Surrey City Development Corp.

64,788

-

Other Entities

3

$ 9,474,308

$ 9,295,668

For additional detailed information, see the Schedule of Tangible Capital Assets (Schedule 1).

a)

Contributed tangible capital assets Contributed tangible capital assets have been recognized at fair value at the date of contribution. The value of contributed assets received during the year was $138.6 million (2019 - $196.5 million) comprised of roads infrastructure in the amount of $101.2 million (2019 - $160.9 million), water and wastewater infrastructure in the amount of $26.6 million (2019 - $18.0 million) and land in the amount of $10.8 million (2019 - $17.6 million), including improvements.

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