121 / 140
111
Surrey Public Library
For the year ended December 31, 2015
4. DEFERRED REVENUE
2015
2014
Balance, beginning of year
$
83,831
$
93,698
Amounts received for grants, sponsorships and other
132,807
151,786
Amounts recognized as Provincial and Federal grants revenue
(171,131)
(161,653)
Balance, end of year
$
45,507
$
83,831
5. TANGIBLE CAPITAL ASSETS
Cost
Balance at
December 31, 2014
Additions
Disposals /
Write-downs/
Allocations
Balance at
December 31, 2015
Books and publications
$
9,477,354
$
1,658,087
$
2,006,486
$
9,128,955
Machinery and equipment
1,914,758
120,142
118,388
1,916,512
Total
$ 11,392,112
$
1,778,229
$
2,124,874
$ 11,045,467
Accumulated Amortization
Balance at
December 31, 2014
Amortization
Accumulated
Amortization on
Disposals
Balance at
December 31, 2015
Books and publications
$
4,883,818
$
1,860,646
$
2,006,486
$
4,737,978
Machinery and equipment
835,322
172,453
118,388
889,387
Total
$
5,719,140
$
2,033,099
$
2,124,874
$
5,627,365
Net Book Value
Balance at
December 31, 2014
Balance at
December 31, 2015
Books and publications
$
4,593,536
$
4,390,977
Machinery and equipment
1,079,436
1,027,125
Total
$
5,672,972
$
5,418,102
NOTES TO THE FINANCIAL STATEMENTS