2020 Annual Report

Annual Report 2020 103 TOURISM CHILLIWACK INC. Consolidated Statement of Change in Net Financial Assets Year ended December 31, 2020, with comparative information for 2019 2020 2020 2019 Budget Actual Actual (Restated - note 2) Annual surplus (deficit) $ (1,702) $ 111,208 $ 62,393 Acquisition of tangible capital assets - (12,395) (1,060) Amortization of tangible capital assets 9,071 14,000 12,800 9,071 1,605 11,740 Change in inventories - (11,843) (7,245) Change in prepaid expenses and deposits - 8,592 (2,662) - (3,251) (9,907) Change in net financial assets 7,369 109,562 64,226 Net financial assets, beginning of year, as previously stated 659,301 659,301 557,380 Restatement (note 2) - (238,352) (200,657) As restated 659,301 420,949 356,723 Net financial assets, end of year $ 666,670 $ 530,511 $ 420,949 See accompanying notes to financial statements. 3 TOURISM CHILLIWACK INC. CONSOLIDATED STATEMENT OF CHANGE IN NET FINANCIAL ASSETS Year Ended December 31, 2020