2020 Annual Report

City of Chilliwack 104 TOURISM CHILLIWACK INC. Consolidated Statement of Cash Flows Year ended December 31, 2020, with comparative information for 2019 2020 2019 (Restated - note 2) Cash provided by (used in): Operating activities: Annual surplus $ 111,208 $ 62,393 Item not involving cash: Amortization of tangible capital assets 14,000 12,800 125,208 75,193 Changes in non-cash operating assets and liabilities: Accounts receivable 49,892 13,709 Inventories (11,843) (7,245) Prepaid expenses and deposits 8,592 (2,662) Accounts payable and accrued liabilities 32,229 66,944 Due to City of Chilliwack (165,365) (995) Deferred revenue (185,842) 233,372 (147,129) 378,316 Capital activities: Acquisition of tangible capital assets (12,395) (1,060) Investing activities: Decrease (increase) in investments 230,660 (4,197) Increase in cash 71,136 373,059 Cash, beginning of year 870,766 497,707 Cash, end of year $ 941,902 $ 870,766 See accompanying notes to financial statements. 4 TOURISM CHILLIWACK INC. CONSOLIDATED STATEMENT OF CASH FLOWS Year Ended December 31, 2020