2015 Financial Annual Report
City of Surrey CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended December 31, 2015, with comparative figures for 2014 [in thousands of dollars]
2014 (recast - note 3)
2015
Cash provided by (used in): OPERATING TRANSACTIONS Annual Surplus
$
190,638
$
182,967
Non-Cash charges to operations: Amortization expense
108,440 15,265 (146,796)
116,837 10,134 (129,608)
Loss on disposal of tangible capital assets
Developer contributions of tangible capital assets (note 13(b))
Change in non-cash operating working capital: Accounts receivable
(5,427)
35,422
Inventories of supplies
(1)
154
Prepaid expenses
(663)
(35)
Accounts payable and accrued liabilities
(6,260) 16,646
(10,508)
Deposits and prepayments
24,260
Deferred revenue
(319)
4,862
Deferred development cost charges
4,188
10,036 244,521
175,711
Net change in cash from operating transactions
FINANCING TRANSACTIONS Repayment of debt
(4,922)
(5,119)
Proceeds from issuance of loan payable
2,665
2,910
Repayment on loan payable
(1,346) (3,603)
(11,849) (14,058)
Cash provided (used) by financing transactions
CAPITAL TRANSACTIONS Cash used to acquire tangible capital assets
(310,059)
(209,168)
Acquisition of properties held-for-sale Disposal of properties held-for-sale
(4,321) 29,449
(9,272) 61,717
Proceeds on disposal of tangible capital assets Cash provided (used) by capital transactions
5,887
7,506
(279,044)
(149,217)
INVESTING TRANSACTIONS Decrease (increase) in investments
91,669 91,669
(116,252) (116,252) (35,006)
Cash provided (used) by investing transactions Increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of year
(15,267)
70,402 55,135
55,135 20,129
$
Cash and cash equivalents, end of year
$
To be read in conjunction with the Notes to the Consolidated Financial Statements
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