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TOURISM CHILLIWACK INC.
Statements of Change in Net Financial Assets
Years ended December 31, 2011 and 2010
2011
2010
2010
Budget
Actual
Actual
(Unaudited)
Annual surplus
$
328 $
17,459 $
27,199
Acquisition of tangible capital assets
-
(7,394)
(2,430)
Amortization of tangible capital assets
21,201
20,907
27,828
21,201
13,513
25,398
Change in inventories
-
4,854
(1,000)
Change in prepaid expenses
-
1,717
3,486
-
6,571
2,486
Change in net financial assets
21,529
37,543
55,083
Net financial assets, beginning of year
246,087
246,087
191,004
Net financial assets, end of year
$ 267,616 $ 283,630 $ 246,087
See accompanying notes to financial statements.
Tourism Chilliwack Inc.
Financial Statements
69
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