55 / 144
To be read in conjunction with the Notes to the Consolidated Financial Statements
For the year ended December 31, 2016, with comparative figures for 2015
[in thousands of dollars]
45
2016
2015
Cash provided by (used in):
OPERATINGTRANSACTIONS
Annual Surplus
$
215,903
$
182,967
Non-Cash charges to operations:
Amortization expense
120,838
116,837
Loss (gain) on disposal of tangible capital assets
(5,460)
10,134
Developer contributions of tangible capital assets
(note 12(b))
(114,215)
(129,608)
Change in non-cash operating working capital:
Accounts receivable
(11,502)
35,422
Inventories of supplies
(23)
154
Prepaid expenses
(520)
(35)
Accounts payable and accrued liabilities
13,953
(10,508)
Deposits and prepayments
41,658
24,260
Deferred revenue
4,009
4,862
Deferred development cost charges
27,337
10,036
Net change in cash from operating transactions
291,978
244,521
FINANCINGTRANSACTIONS
Repayment of debt
(5,323)
(5,119)
Proceeds from issuance of loan payable
27,703
2,910
Repayment on loan payable
(25,736)
(11,849)
Cash used by financing transactions
(3,356)
(14,058)
CAPITALTRANSACTIONS
Cash used to acquire tangible capital assets
(221,227)
(209,168)
Acquisition of properties held-for-sale
(6,955)
(9,272)
Disposal of properties held-for-sale
65,089
61,717
Proceeds on disposal of tangible capital assets
14,622
7,506
Cash used by capital transactions
(148,471)
(149,217)
INVESTINGTRANSACTIONS
Increase in investments
(119,478)
(116,252)
Cash used by investing transactions
(119,478)
(116,252)
Increase (decrease) in cash
20,673
(35,006)
Cash, beginning of year
12,121
47,127
Cash, end of year
$
32,794
$
12,121
CONSOLIDATED STATEMENT OF
CITY OF SURREY
CASH FLOWS