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TOURISM CHILLIWACK INC.
Statement of Financial Position
December 31, 2012, which comparative figures for 2011
2012
2011
Financial assets:
Cash
$ 302,428 $ 135,602
Accounts receivable
40,195
21,214
Long-term investments (Note 2)
191,234
188,172
533,857
344,988
Financial liabilities:
Accounts payable and accrued liabilities
50,589
26,520
Due to City of Chilliwack (Note 11)
125,643
-
Deferred revenue
12,775
34,838
189,007
61,358
Net financial assets
344,850
283,630
Non-financial assets:
Inventories (Note 3)
11,743
12,078
Prepaid expenses and deposits
22,897
13,445
Tangible capital assets (Note 4)
50,230
43,904
Goodwill
6,120
6,120
90,990
75,547
Accumulated surplus
$ 435,840 $ 359,177
Represented by:
Share capital (Note 5)
$
1 $
1
Unrestricted equity
385,609
315,272
Equity in tangible capital assets
50,230
43,904
$ 435,840 $ 359,177
Commitment (Note 10)
See accompanying notes to financial statements.
Director
Director
1
tourism chilliwack inc. financial statements
76
city of chilliwack
| 2012 annual municipal report