2015 Financial Annual Report
CONSOLIDATED STATEMENT OF CHANGES IN NET FINANCIAL ASSETS (DEBT) City of Surrey
As at December 31, 2015, with comparative figures for 2014 [in thousands of dollars]
2015 Budget
2014
2015
(note 24)
(recast - note 3)
ANNUAL SURPLUS
$ 286,274
$ 190,638
$ 182,967
Acquisition of tangible capital assets
(451,745)
(456,855)
(338,776)
Amortization of tangible capital assets
127,894
108,440
116,837
Loss on disposal of tangible capital assets
-
15,265
10,134
Proceeds on disposal of tangible capital assets
-
5,887
7,506
(37,577)
(136,625)
(21,332)
Acquisition of inventories of supplies
-
(1,011)
(857)
Consumption of inventories of supplies
-
1,010
1,011
Acquisition of prepaid expenses
-
(3,962)
(3,997)
Use of prepaid expenses
-
3,299
3,962
Transfer to properties held-for-sale
-
41,006
63,836
-
40,342
63,955
CHANGE IN NET FINANCIAL ASSETS (DEBT)
(37,577)
(96,283)
42,623
Net financial assets (debt), beginning of year
(9,492)
86,791
(9,492)
Net financial assets (debt) , end of year
$ (47,069)
$
(9,492)
$33,131
To be read in conjunction with the Notes to the Consolidated Financial Statements
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