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Notes to the Consolidated Financial Statements
For the year ended December 31, 2014
[tabular amounts in thousands of dollars]
27
City of Surrey
12. Tangible capital assets (continued)
Net Book Value by category
December 31, 2013
December 31, 2014
(recast – note 2)
Land and land improvements
$
1,636,260
$
1,677,118
Buildings
183,925
317,540
Infrastructure
2,718,877
2,854,899
Machinery and equipment
87,637
109,249
Land under road
2,547,941
2,628,397
Work-in-Progress
529,080
400,957
Total
$
7,703,720
$
7,988,160
Net Book Value by fund
December 31, 2013
December 31, 2014
(recast – note 2)
General capital
$
2,069,836
$ 2,148,352
Transportation capital
3,346,551
3,525,417
Water capital
583,796
592,103
Sewer capital
535,864
541,931
Drainage capital
1,054,335
1,059,186
Library capital
5,835
5,673
Surrey City Development Corp.
107,503
115,498
Total
$
7,703,720
$ 7,988,160
a) Work-in-progress
Work-in-progress is comprised of costs related to projects currently under planning, development or
construction that will result in a finished asset at a future date. Such costs are capitalized until such
time as the property is ready for use or sale.
Work-in-progress having a value of $401.0 million (2013 - $529.1 million) has not been amortized.
Amortization of these assets will commence when each specific asset is put into service.