City of Surrey's Annual Financial Report 2021

CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS CITY OF SURREY

As at December 31, 2021, with comparative figures for 2020 [in thousands of dollars]

2021 Budget

2021

2020

(Note 22)

ANNUAL SURPLUS

$

305,516

$

320,226 (612,321) 142,206

$

272,486 (317,219) 136,354

(303,857)

Acquisition of tangible capital assets Amortization of tangible capital assets

142,707

(778)

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

- -

686

4,351

1,539

147,939

(149,889)

93,846

(1,195)

Acquisition of inventories of supplies Consumption of inventories of supplies

- - - - -

(988)

988

874

(6,776)

Acquisition of prepaid expenses

(5,352)

5,352

Use of prepaid expenses

4,552

(1,631)

(914)

CHANGE IN NET FINANCIAL ASSETS

146,308 131,689 277,997

(149,889) 131,689 (18,200)

92,932 38,757 131,689

Net financial assets (net debt), beginning of year Net financial assets (net debt), end of year

$

$

$

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

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