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To be read in conjunction with the Notes to the Consolidated Financial Statements
For the year ended December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
11
City of Surrey
Consolidated Statement of Cash Flows
2014
2013
Cash provided by (used in):
(recast - note 2)
OPERATING TRANSACTIONS
Annual Surplus
$ 188,821
216,069
Non-Cash charges to operations:
Amortization expense
110,257
94,198
Loss on disposal of tangible capital assets
15,265
3,171
Developer contributions of tangible capital assets
(note 12(b))
(146,796)
(90,854)
Change in non-cash operating working capital:
Accounts receivable
(5,427)
1,502
Inventories of supplies
(1)
20
Prepaid expenses
(663)
(358)
Accounts payable and accrued liabilities
(6,260)
6,739
Deposits and prepayments
16,646
(148)
Deferred revenue
(319)
157
Deferred development cost charges
4,188
9,109
Net change in cash from operating transactions
175,711
239,605
FUNDING TRANSACTIONS
Proceeds from issuance of debt
-
67,335
Repayment of debt
(4,922)
(3,579)
Proceeds from issuance of loan payable
2,665
7,302
Repayment on loan payable
(1,346)
(957)
Cash provided (used) by financing transactions
(3,603)
70,101
CAPITAL TRANSACTIONS
Cash used to acquire tangible capital assets
(310,059)
(339,309)
Acquisition of properties held-for-sale
(4,321)
(719)
Disposal of properties held-for-sale
29,449
26,083
Proceeds on disposal of tangible capital assets
5,887
3,165
Cash provided (used) by financing transactions
(279,044)
(310,780)
INVESTING TRANSACTIONS
Decrease (increase) in investments
91,669
(10,575)
Cash provided (used) by investing transactions
91,669
(10,575)
Increase (decrease) in cash and cash equivalents
(15,267)
(11,649)
Cash and cash equivalents, beginning of year
70,402
82,051
Cash and cash equivalents, end of year
$ 55,135
$
70,402
Supplementary cash flow information:
NON-CASH TRANSACTIONS:
Exchange of land
$
-
$
6,739
$
-
$
6,739