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As at December 31, 2016, with comparative figures for 2015
[in thousands of dollars]
To be read in conjunction with the Notes to the Consolidated Financial Statements
44
2016
Budget
2016
2015
(note 24)
ANNUAL SURPLUS
$ 277,997
$ 215,903
$ 182,967
Acquisition of tangible capital assets
(534,708)
(335,442)
(338,776)
Amortization of tangible capital assets
116,775
120,838
116,837
Loss (gain) on disposal of tangible capital assets
-
(5,460)
10,134
Proceeds on disposal of tangible capital assets
-
14,622
7,506
(139,936)
10,461
(21,332)
Acquisition of inventories of supplies
-
(880)
(857)
Consumption of inventories of supplies
-
857
1,011
Acquisition of prepaid expenses
-
(4,517)
(3,997)
Use of prepaid expenses
-
3,997
3,962
Transfer to properties held-for-sale
-
15,628
63,836
-
15,085
63,955
CHANGE IN NET FINANCIAL ASSETS (DEBT)
(139,936)
25,546
42,623
Net financial assets (debt), beginning of year
33,131
33,131
(9,492)
Net financial assets (debt) , end of year
$ (106,805)
$ 58,677
$ 33,131
CONSOLIDATED STATEMENT OF CHANGES IN
NET FINANCIAL ASSETS (DEBT)
CITY OF SURREY