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