2017 Annual Report

84 City of Chilliwack 2017 Annual Report TOURISM CHILLIWACK INC. Consolidated Statement of Cash Flows Year ended December 31, 2017, with comparative information for 2016 2017 2016 Cash provided by (used in): Operating activities: Annual surplus (deficit) $ 41,977 $ (22,154) Item not involving cash: Amortization of tangible capital assets 16,892 16,358 58,869 (5,796) Changes in non-cash operating assets and liabilities: Accounts receivable (38,725) (28,979) Inventories (2,674) (1,683) Prepaid expenses and deposits 188 (7,788) Accounts payable and accrued liabilities (28,158) 52,907 Due to City of Chilliwack 38,427 (1,607) Deferred revenue 17,817 14,872 45,744 21,926 Capital activities: Acquisition of tangible capital assets (18,429) (18,700) Investing activities: Change in long-term investments (8,241) (4,470) Increase (decrease) in cash 19,074 (1,244) Cash, beginning of year 427,456 428,700 Cash, end of year $ 446,530 $ 427,456 See accompanying notes to consolidated financial statements. 4 Tourism Chilliwack Inc. Financial Statements