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TOURISM CHILLIWACK INC.
Notes to Financial Statements (continued)
Years ended December 31, 2011 and 2010
2. Transitional adjustments (continued):
(b) Annual surplus:
As previously reported under Canadian generally accepted accounting principles for year
ended December 31, 2010
$
43,534
Decrease in grant revenues as a result of recognizing grants
when spent
(16,335)
Restated for the year ended December 31, 2010
$ 27,199
3. Long-term investments:
2011
2010
Term deposit with interest at 1.25%, maturing on
June 30, 2013
$ 104,484 $
-
Term deposit with interest at 1.25%, maturing on
June 29, 2013
83,688
-
$ 188,172 $
-
4. Inventories:
2011
2010
Flag shop inventory
$
9,436 $
9,861
Maps and books
2,642
7,071
$ 12,078 $ 16,932
Tourism Chilliwack Inc.
Financial Statements
2011 City of Chilliwack Annual Report
74