2020 Annual Report

Annual Report 2020 113 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2020 14. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail Management services services Eliminations 2020 2019 (Restated - note 2) Revenues: Sales, rental and other income $ 247,600 $ 19,402 $ 129,201 $ - $ 396,203 $ 790,365 Operating agreements 402,300 289,811 - - 692,111 532,511 Hotel tax - 263,465 - - 263,465 468,803 Advertising revenues - 214,696 - (27,083) 187,613 195,683 Interest income 542 7,948 - - 8,490 7,659 650,442 795,322 129,201 (27,083) 1,547,882 1,995,021 Expenditures: Staffing costs 436,314 240,161 29,041 - 705,516 795,436 Advertising and business development 27,083 361,615 2,699 (27,083) 364,314 455,546 Operations 71,289 42,793 49,797 - 163,879 283,186 Administration 54,952 69,951 - - 124,903 139,335 Utilities 57,993 4,869 - - 62,862 79,760 Amortization of tangible capital assets 1,611 12,389 - - 14,000 12,800 649,242 731,778 81,537 (27,083) 1,435,474 1,766,063 Annual surplus (deficit) before distribution $ 1,200 $ 63,544 $ 47,664 $ - $ 112,408 $ 228,958 13 TOURISM CHILLIWACK INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2020