2020 Annual Report

Annual Report 2020 83 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Financial Position December 31, 2020 with comparative information for 2019 2020 2019 Financial assets: Cash (note 2) $ 1,703,941 $ 229,297 Accounts receivable 132,513 86,852 Investments 4,326,150 4,918,109 Financing lease receivable - 419,616 6,162,604 5,653,874 Financial liabilities: Accounts payable and accrued liabilities 85,931 124,512 Unearned revenue 416,568 538,690 502,499 663,202 Net financial assets 5,660,105 4,990,672 Non-financial assets: Prepaid expenses 860,323 917,168 Property under development (note 3) 3,681,960 3,681,960 Tangible capital assets (note 4) 4,175,787 4,392,726 8,718,070 8,991,854 Impact of COVID-19 (note 12) Subsequent events (note 13) Accumulated surplus (note 5) $ 14,378,175 $ 13,982,526 See accompanying notes to financial statements. Director Director 1 CHILLIWACK ECONOMIC PARTNERS CORPORATION STATEMENT OF FINANCIAL POSITION Year Ended December 31, 2020