City of Surrey's Annual Financial Report 2021

CONSOLIDATED STATEMENT OF CITY OF SURREY CASH FLOWS

For the year ended December 31, 2021 with comparative figures for 2020 [in thousands of dollars]

2021

2020

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

$

305,516

$

272,486

142,707

136,354

(778)

686

(158,122)

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

(138,611)

-

200

Change in non-cash operating working capital: Accounts receivable

(321) (207)

16,042

Inventories of supplies

(114) (800)

(1,424) 29,783

Prepaid expenses

Trade and other accounts payable

(8,561)

(128,782)

Due to other governments Employee future benefits Deposits and prepayments

154,997

1,027

1,075

56,562 16,706 57,194 319,861

10,253 34,658

Deferred revenue

Deferred development cost charges

6,018

Net increase in cash from operating transactions

484,683

CAPITAL TRANSACTIONS Acquisition of tangible capital assets

(145,735)

(178,608)

4,351

Proceeds on disposal of tangible capital assets

1,539

Cash used by capital transactions

(141,384)

(177,069)

FINANCING TRANSACTIONS Proceeds from issuance of debt Repayment of MFA debt and loans payable

150,600

-

(7,860)

(7,547) (7,547)

Cash (used) / provided by financing transactions

142,740

INVESTING TRANSACTIONS (Purchase) / Disposal of portfolio investments

(636,874)

240,829

(114)

Cash used on other investments

(93)

Cash (used) / provided by investing transactions

(636,988)

240,736

INCREASE (DECREASE) IN CASH Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year

(315,771) 907,279 591,508

540,803 366,476 907,279

$

$

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

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