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TOURISM CHILLIWACK INC.
Notes to Financial Statements (continued)
Years ended December 31, 2011 and 2010
5. Tangible capital assets:
2011
2011
Opening
Closing
Cost
Additions
Disposals
Cost
Furniture and fixtures
$ 19,695 $
1,560 $
- $ 21,255
Website
42,544
1,500
-
44,044
Computer
16,971
4,334
-
21,305
Leasehold improvements
110,384
-
-
110,384
$ 189,594 $
7,394 $
- $ 196,988
2011 Opening
2011 Closing
Accumulated
Amortization Accumulated
Amortization
Disposals
expense Amortization
Furniture and fixtures
$ 13,212 $
- $
2,411 $ 15,623
Website
34,277
-
4,396
38,673
Computer
12,468
-
2,651
15,119
Leasehold improvements
72,220
-
11,449
83,669
$ 132,177 $
- $ 20,907 $ 153,084
2011 Opening 2011 Closing
Net book value Net book value
Furniture and fixtures
$
6,483 $
5,632
Website
8,267
5,371
Computer
4,503
6,186
Leasehold improvements
38,164
26,715
$ 57,417 $ 43,904
6. Share capital:
2011
2010
Authorized:
Unlimited Common shares
Issued and authorized with no par:
100 Common shares
$
1 $
1
9
Tourism Chilliwack Inc.
Financial Statements
75
www.chilliwack.com