2019 Annual Report

City of Chilliwack 104 TOURISM CHILLIWACK INC. Consolidated Statement of Financial Position December 31, 2019, with comparative information for 2018 2019 2018 Financial assets: Cash $ 870,766 $ 497,707 Accounts receivable 138,382 152,091 Long-term investments (note 2) 230,660 226,463 1,239,808 876,261 Financial liabilities: Accounts payable and accrued liabilities 122,795 93,546 Due to City of Chilliwack (note 11) 166,565 167,560 Deferred revenue 291,147 57,775 580,507 318,881 Net financial assets 659,301 557,380 Non-financial assets: Inventories (note 3) 19,872 12,627 Prepaid expenses and deposits 15,088 12,426 Tangible capital assets (note 4) 29,410 41,150 Goodwill 6,120 6,120 70,490 72,323 Contingency (note 10) Subsequent event (note 13) Accumulated surplus $ 729,791 $ 629,703 Represented by: Share capital (note 5) $ 1 $ 1 Unrestricted equity 700,380 588,552 Equity in tangible capital assets 29,410 41,150 $ 729,791 $ 629,703 See accompanying notes to financial statements. Director Director 1