2018 Annual Report

City of Chilliwack 77 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Financial Position December 31, 2018 with comparative information for 2017 2018 2017 Financial assets: Cash $ 277,732 $ 386,932 Accounts receivable 69,991 35,896 Investments 3,508,115 2,429,068 Financing lease receivable (note 3) 962,264 1,486,275 4,818,102 4,338,171 Financial liabilities: Accounts payable and accrued liabilities 94,644 124,347 Unearned revenue 402,506 371,446 497,150 495,793 Net financial assets 4,320,952 3,842,378 Non-financial assets: Prepaid expenses 964,481 12,634 Property under development (note 4) 3,681,960 5,552,065 Tangible capital assets (note 5) 4,668,171 4,706,625 9,314,612 10,271,324 Accumulated surplus (note 6) $ 13,635,564 $ 14,113,702 Commitments (note 11) See accompanying notes to financial statements. Director Director 1