CAnFR 2017 Full Report
Consolidated Financial Statements
Schedule 5
Schedule of Tangible Capital Assets For the year ended December 31, 2017
Land 2
Building
Transportation Network
Storm System
Historical Cost 1 Opening cost
$
215,898,649 $
92,096,017 $
338,970,711 $
260,890,240
Additions
10,105,057
1,202,662
2,881,900
8,888,275
Disposals
.
(162,261)
(3,215,524)
(663,274)
226,003,706
93,136,418
338,637,087
269,115,241
Accumulated Amortization Opening balance
.
46,463,390
115,740,432
58,970,812
Amortization expense
.
2,683,929
6,363,052
3,596,721
Effect of disposals
.
(152,067)
(2,400,878)
(203,854)
.
48,995,252
119,702,606
62,363,679
Net Book Value as at December 31, 2017
$
226,003,706 $
44,141,166 $
218,934,481 $
206,751,562
Net Book Value as at December 31, 2016
$
215,898,649 $
45,632,627 $
223,230,279 $
201,919,428
1 Historical cost includes work in progress at December 31, 2017 of $5,004,065 ($13,675,368 for 2016) comprised of: Land $34,081 ( $24,177 for 2016); Buildings $771,438 ( $2,716,945 for 2016); Transportation network $987,757 ( $10,162,075 for 2016); Storm system $1,479 ( $46,711 for 2016); Fleet and equipment $32,836 ( $3,448 for 2016); Technology $27,900 ( $3,000 for 2016); Water system $1,355,848 ( $440,517 for 2016); Sanitary system $238,912 ( $73,575 for 2016); and Other $1,553,814 ( $204,919 for 2016). Work in progress is not amortized.
2 Additions to land are net of $. Nil ( $. Nil for 2016) of land reclassified to inventory available for sale.
3 "Other" at net book value includes Furniture and Fixtures at $561,343 ($495,795 for 2016) and structures at $16,168,739 ( $14,668,431 for 2016)
City of Maple Ridge - 2017 Annual Report Page 64
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