Tourism Chilliwack Inc. Financial Statements
TOURISM CHILLIWACK INC.
Notes to Financial Statements (continued)
Year ended December 31, 2013
1. Significant accounting policies (continued):
(g) Use of estimates:
The preparation of the financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and the reported
amounts of revenue and expenses during the year. Actual results could differ from those
estimates.
2. Long-term investments:
2013
2012
Term deposit with interest at 1.30% (2012 - 2.75%),
maturing on December 29, 2014
$ 112,640 $ 106,185
Term deposit with interest at 1.30% (2012 - 2.75%),
maturing on December 30, 2014
91,216
85,049
$ 203,856 $ 191,234
3. Inventories:
2013
2012
Flag shop inventory
$
8,510 $
8,956
Maps and books
2,970
2,787
$ 11,480 $ 11,743
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