Financial Annual Report 2016
CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS (DEBT) CITY OF SURREY
As at December 31, 2016, with comparative figures for 2015 [in thousands of dollars]
2016 Budget
2015
2016
(note 24)
ANNUAL SURPLUS
$ 277,997
$ 182,967
$ 215,903
Acquisition of tangible capital assets Amortization of tangible capital assets
(534,708)
(338,776)
(335,442)
116,775
116,837
120,838
Loss (gain) on disposal of tangible capital assets Proceeds on disposal of tangible capital assets
- -
10,134
(5,460)
7,506
14,622 10,461
(139,936)
(21,332)
Acquisition of inventories of supplies Consumption of inventories of supplies
- - - - - -
(857)
(880)
1,011
857
Acquisition of prepaid expenses
(3,997)
(4,517)
Use of prepaid expenses
3,962
3,997
Transfer to properties held-for-sale
63,836 63,955
15,628 15,085
CHANGE IN NET FINANCIAL ASSETS (DEBT)
(139,936)
42,623
25,546
Net financial assets (debt), beginning of year
33,131
(9,492)
33,131
$ (106,805)
$ 33,131
Net financial assets (debt) , end of year
$ 58,677
To be read in conjunction with the Notes to the Consolidated Financial Statements
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