2020 Annual Report

Annual Report 2020 101 TOURISM CHILLIWACK INC. Consolidated Statement of Financial Position December 31, 2020, with comparative information for 2019 2020 2019 (Restated - note 2) Financial assets: Cash $ 941,902 $ 870,766 Accounts receivable 88,490 138,382 Investments - 230,660 1,030,392 1,239,808 Financial liabilities: Accounts payable and accrued liabilities 393,376 361,147 Due to City of Chilliwack (note 11) 1,200 166,565 Deferred revenue 105,305 291,147 499,881 818,859 Net financial assets 530,511 420,949 Non-financial assets: Inventories (note 3) 31,715 19,872 Prepaid expenses and deposits 6,496 15,088 Tangible capital assets (note 4) 27,805 29,410 Goodwill 6,120 6,120 72,136 70,490 Contingency (note 10) Accumulated surplus $ 602,647 $ 491,439 Represented by: Share capital (note 5) $ 1 $ 1 Unrestricted equity 574,841 462,028 Equity in tangible capital assets 27,805 29,410 $ 602,647 $ 491,439 See accompanying notes to financial statements. Director Director 1 TOURISM CHILLIWACK INC. CONSOLIDATED STATEMENT OF FINANCIAL POSITION Year Ended December 31, 2020