2017 Finance Annual Report
STATEMENT OF FINANCIAL POSITION SURREY PUBLIC LIBRARY
As at December 31, 2017, with comparative figures for 2016
2016
2017
FINANCIAL ASSETS Due from the City of Surrey (Note 2)
$ 2,052,772
$ 2,109,550
2,052,772
2,109,550
LIABILITIES Employee future benefits (Note 3)
2,080,093
2,151,405
Deferred revenue (Note 4)
58,943
42,940
2,139,036
2,194,345
NET DEBT
(86,264)
(84,795)
NON-FINANCIAL ASSETS Tangible capital assets (Note 5)
5,299,890
5,452,898
Prepaid expenses
34,799
84,744
5,334,689
5,537,642
ACCUMULATED SURPLUS (Note 7)
$ 5,248,425
$ 5,452,847
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Surinder Bhogal Chief Librarian
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Karen Reid Sidhu Chairperson
To be read in conjunction with the Notes and Schedules to the Financial Statements
86
Made with FlippingBook - Online catalogs