City of Surrey's Annual Financial Report 2021

NOTESTOTHE CONSOLIDATED CITY OF SURREY FINANCIAL STATEMENTS

For the year ended December 31, 2021 [tabular amounts in thousands of dollars]

11. TANGIBLE CAPITAL ASSETS

Net Book Value by category Land and land improvements

2021

2020

$

2,059,626 3,427,817

$

2,010,254 3,311,025

Land under roads

488,716

Buildings and building improvements

496,288

3,298,574

Infrastructure

3,251,299 138,949 266,493 9,474,308

132,645 224,507

Machinery and equipment Assets under construction

$

9,631,885

$

Net Book Value by fund

2021

2020

$

2,734,811 4,474,047 661,990 602,505 1,111,500

$

General

2,677,023 4,348,204 657,958 606,353 1,106,662

Transportation

Water Sewer

Drainage

4,787

Library

4,915

398

Surrey Police Service

-

41,847

Surrey City Development Corp.

73,193

$

9,631,885

$

9,474,308

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 $158.1 million (2020 - $138.6 million) comprised of roads infrastructure in the amount of $129.8 million (2020 - $101.2 million), water and wastewater infrastructure in the amount of $17.5 million (2020 - $26.6 million) and land in the amount of $10.8 million (2020 - $10.8 million), including improvements.

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