2020 Annual Report

Annual Report 2020 89 CHILLIWACK ECONOMIC PARTNERS CORPORATION NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2020 CHILLIWACK ECONO RTNERS CORPORATION Notes toFinancial Statements (continued) Year ended December 31, 2020 4. Tangible capital assets: 2020 2020 Opening Closing cost Additions Disposals cost Buildings $ 5,204,643 $ 21,211 $ - $ 5,225,854 Leasehold improvements 910,237 - 751,332 158,905 Computer and office equipment 160,921 1,605 - 162,526 Website 116,587 2,400 - 118,987 Telecommunication equipment 5,299 - - 5,299 Land 196,196 - - 196,196 $ 6,593,883 $ 25,216 $ 751,332 $ 5,867,767 2020 2020 Opening Closing accumulated Amortization accumulated amortization Disposals expense amortization Buildings $ 1,284,551 $ - $ 141,547 $ 1,426,098 Leasehold improvements 701,745 751,332 78,532 28,945 Computer and office equipment 98,721 - 18,121 116,842 Website 110,990 - 3,806 114,796 Telecommunication equipment 5,150 - 149 5,299 $ 2,201,157 $ 751,332 $ 242,155 $ 1,691,980 2020 2020 Opening net Closing net book value book value Buildings $ 3,920,092 $ 3,799,756 Leasehold improvements 208,492 129,960 Computer and office equipment 62,200 45,684 Website 5,597 4,191 Telecommunication equipment 149 - Land 196,196 196,196 $ 4,392,726 $ 4,175,787 7