2018 Annual Report

Annual Report 2018 84 CHILLIWACK ECONOMIC PARTNERS CORPORATION Notes to Financial Statements (continued) Year ended December 31, 2018 5. Tangible capital assets: 2018 2018 Opening Closing cost Additions Disposals cost Buildings $ 5,204,643 $ - $ - $ 5,204,643 Leasehold improvements 761,024 146,663 - 907,687 Computer and office equipment 242,321 68,425 - 310,746 Website 111,887 2,300 - 114,187 Telecommunication equipment 23,291 5,299 - 28,590 Land 196,196 - - 196,196 $ 6,539,362 $ 222,687 $ - $ 6,762,049 2018 2018 Opening Closing accumulated Amortization accumulated amortization Disposals expense amortization Buildings $ 921,337 $ - $ 176,845 $ 1,098,182 Leasehold improvements 587,358 - 55,830 643,188 Computer and office equipment 218,389 - 9,764 228,153 Website 82,362 - 15,035 97,397 Telecommunication equipment 23,291 - 3,667 26,958 $ 1,832,737 $ - $ 261,141 $ 2,093,878 2018 2018 Opening net Closing net book value book value Buildings $ 4,283,306 $ 4,106,461 Leasehold improvements 173,666 264,499 Computer and office equipment 23,932 82,593 Website 29,525 16,790 Telecommunication equipment - 1,632 Land 196,196 196,196 $ 4,706,625 $ 4,668,171 8