65 / 150
As at December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
To be read in conjunction with the Notes to the Consolidated Financial Statements
10
Consolidated Statement of Changes in Net Financial Assets
City of Surrey
2014
Budget
2014
2013
(note 23)
(recast - note 2)
ANNUAL SURPLUS
$ 233,020
$ $188,821
$ 216,069
Acquisition of tangible capital assets
(411,164)
(456,855)
(427,979)
Amortization of tangible capital assets
116,267
110,257
94,198
Loss (gain) on disposal of tangible capital assets
-
15,265
(3,568)
Proceeds on disposal of tangible capital assets
-
5,887
9,904
(61,877)
(136,625)
(111,376)
Acquisition of inventories of supplies
-
(1,011)
(1,010)
Consumption of inventories of supplies
-
1,010
1,030
Acquisition of prepaid expenses
-
(3,962)
(3,299)
Use of prepaid expenses
-
3,299
2,941
Transfer to properties held-for-sale
-
41,006
25,813
-
40,342
25,475
CHANGE IN NET FINANCIAL ASSETS (DEBT)
(61,877)
(96,283)
(85,901)
Net financial assets, beginning of year
86,791
86,791
172,692
Net financial assets (debt) , end of year
$ 24,914
$
(9,492)
$ 86,791