Tourism Chilliwack Inc. Financial Statements
TOURISM CHILLIWACK INC.
Statement of Change in Net Financial Assets
Year ended December 31, 2013, with comparative information for 2012
2013
2013
2012
Budget
Actual
Actual
Annual surplus
$
865 $
24,996 $
76,663
Acquisition of tangible capital assets
-
(11,682)
(30,181)
Amortization of tangible capital assets
16,716
19,471
23,855
16,716
7,789
(6,326)
Change in inventories
-
263
335
Change in prepaid expenses and deposits
-
12,246
(9,452)
-
12,509
(9,117)
Change in net financial assets
17,581
45,294
61,220
Net financial assets, beginning of year
344,850
344,850
283,630
Net financial assets, end of year
$ 362,431 $ 390,144 $ 344,850
See accompanying notes to financial statements.
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