65 / 140
To be read in conjunction with the Notes to the Consolidated Financial Statements
For the year ended December 31, 2015, with comparative figures for 2014
[in thousands of dollars]
55
2015
2014
(recast - note 3)
Cash provided by (used in):
OPERATING TRANSACTIONS
Annual Surplus
$
182,967
$
190,638
Non-Cash charges to operations:
Amortization expense
116,837
108,440
Loss on disposal of tangible capital assets
10,134
15,265
Developer contributions of tangible capital assets
(note 13(b))
(129,608)
(146,796)
Change in non-cash operating working capital:
Accounts receivable
35,422
(5,427)
Inventories of supplies
154
(1)
Prepaid expenses
(35)
(663)
Accounts payable and accrued liabilities
(10,508)
(6,260)
Deposits and prepayments
24,260
16,646
Deferred revenue
4,862
(319)
Deferred development cost charges
10,036
4,188
Net change in cash from operating transactions
244,521
175,711
FINANCING TRANSACTIONS
Repayment of debt
(5,119)
(4,922)
Proceeds from issuance of loan payable
2,910
2,665
Repayment on loan payable
(11,849)
(1,346)
Cash provided (used) by financing transactions
(14,058)
(3,603)
CAPITAL TRANSACTIONS
Cash used to acquire tangible capital assets
(209,168)
(310,059)
Acquisition of properties held-for-sale
(9,272)
(4,321)
Disposal of properties held-for-sale
61,717
29,449
Proceeds on disposal of tangible capital assets
7,506
5,887
Cash provided (used) by capital transactions
(149,217)
(279,044)
INVESTING TRANSACTIONS
Decrease (increase) in investments
(116,252)
91,669
Cash provided (used) by investing transactions
(116,252)
91,669
Increase (decrease) in cash and cash equivalents
(35,006)
(15,267)
Cash and cash equivalents, beginning of year
55,135
70,402
Cash and cash equivalents, end of year
$
20,129
$
55,135
City of Surrey
CONSOLIDATED STATEMENT OF CASH FLOWS