CEPCO Financial Statements
CHILLIWACK ECONOMIC PARTNERS CORPORATION
Notes to Financial Statements (continued)
Year ended December 31, 2013
5. Tangible capital assets:
2013
2013
Opening
Closing
Cost
Additions
Disposals
Cost
Buildings
$ 2,578,032 $
430 $ 407,630 $ 2,170,832
Leasehold improvements
756,749
-
-
756,749
Computer and office equipment
184,719
2,777
-
187,496
Website
76,587
-
-
76,587
Telecommunication equipment
23,291
-
-
23,291
Land
341,934
-
145,738
196,196
$ 3,961,312 $
3,207 $ 553,368 $ 3,411,151
2013
2013
Opening
Closing
Accumulated
Amortization Accumulated
Amortization
Disposals
Expense Amortization
Buildings
$ 530,590 $ 78,221 $ 75,480 $ 527,849
Leasehold improvements
325,121
-
46,800
371,921
Computer and office equipment
158,012
-
8,076
166,088
Website
76,587
-
-
76,587
Telecommunication equipment
21,221
-
684
21,905
$ 1,111,531 $ 78,221 $ 131,040 $ 1,164,350
2013
2013
Opening Net
Closing Net
Book Value Book Value
Buildings
$ 2,047,442 $ 1,642,983
Leasehold improvements
431,628
384,828
Computer and office equipment
26,707
21,408
Website
-
-
Telecommunication equipment
2,070
1,386
Land
341,934
196,196
$ 2,849,781 $ 2,246,801
67
2013 Annual Report
