CHILLIWACK ECONOMIC PARTNERS CORPORATION
Notes to financial statements (continued)
Year ended December 31, 2013
13. Segmented information (continued):
Property
Economic
Sales
Rent
Development
2013
2012
Revenues:
Property sales
$ 4,017,754 $
- $
- $ 4,017,754 $ 4,725,363
Rent
-
665,196
-
665,196
851,530
Economic development
-
-
550,000
550,000
575,000
Property development
322,520
-
-
322,520
106,521
Interest
12,293
-
82,233
94,526
36,063
Other
-
-
14,942
14,942
10,719
4,352,567
665,196
647,175 5,664,938 6,305,196
Expenses:
Cost of property sales
1,574,406
-
-
1,574,406 1,929,835
Downtown redevelopment
-
-
825,050
825,050
78,615
Wages and benefits
40,919
90,932
322,809
454,660
520,106
Cost of property development
294,262
-
-
294,262
51,043
UFV Agriculture Centre of Excellence
-
-
250,000
250,000
-
Marketing
-
-
165,372
165,372
37,384
Insurance and utilities
-
149,726
-
149,726
200,912
Amortization
-
122,280
8,760
131,040
161,960
Special economic projects
-
-
79,464
79,464
29,953
Rent
5,719
12,708
45,115
63,542
76,034
Repairs and maintenance
-
32,769
-
32,769
73,185
Premise operating costs
1,637
3,637
12,911
18,185
18,421
Impairment of property
-
-
-
-
203,900
Other
26,118
26,118
74,237
126,473
101,565
1,943,061
438,170
1,783,718 4,164,949 3,482,913
$ 2,409,506 $ 227,026 $ (1,136,543) $ 1,499,989 $ 2,822,283
CEPCO Financial Statements
71
2013 Annual Report
