2018 Annual Report

Annual Report 2018 90 KPMG LLP 200-9123 Mary Street Chilliwack BC V2P 4H7 Canada Telephone (604) 793-4700 Fax (604) 793-4747 INDEPENDENT AUDITORS' REPORT To the Shareholder of Tourism Chilliwack Inc. Opinion We have audited the accompanying consolidated financial statements of Tourism Chilliwack Inc. (the "Company") which comprise: • the consolidated statement of financial position as at end of December 31, 2018 • the consolidated statement of operations and accumulated surplus for the year then ended • the consolidated statement of change in net assets for the year then ended • the consolidated statement of cash flows for the year then ended • and notes to the consolidated financial statements, including a summary of significant accounting policies (Hereinafter referred to as the "financial statements"). In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Tourism Chilliwack Inc. as at December 31, 2018 and the results of its operations, its changes in net financial assets and its cash flows for the year then ended in accordance with Canadian public sector accounting standards. Basis of Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section of our auditors' report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements. KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG Canada provides services to KPMG LLP. Financial Statements of Tourism Chilliwack Inc. Fiscal Year Ended December 31, 2018 KPMG LLP 200-9123 Mary Street Chilliwack BC V2P 4H7 Canada Telephone (604) 793-4700 Fax (604) 793-4747 INDEPENDENT AUDITORS' REPORT To the Shareholder of Tourism Chilliwack Inc. Opinion We have audited the accompanying consolidated financial statements of Tourism Chilliwack I c. (the "Company") which comprise: • the consolidated statement of financial position as at end of December 31, 2018 • the consolidated statement of operations and accumulated surplus for the year then ended • the consolidated statement of change in net assets for the year then ended • the consolidated statement of cash flows for the year then ended • and notes to the consolidated financial statements, including a summary of significant accounting policies (Hereinafter referred to as the "financial statements"). In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Tourism Chilliwack Inc. as at December 31, 2018 and the results of its operations, its changes in net financial assets and its cash flows for the year then ended in accordance with Canadian public sector accounting standards. Basis of Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section of our auditors' rep rt. We are independent of the Comp ny in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements. KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG Canada provides services to KPMG LLP. KPMG LLP 200-9123 Mary Street Chilliwack BC V2P 4H7 Canada Telephone (604) 793-4700 Fax (604) 793-4747 INDEPENDENT AUDITORS' REPORT To the Shareholder of Tourism Chilliwack Inc. Opinion We have audited the accompanying consolidated financial statements of Tourism Chilliwack Inc. (the "Company") which comprise: • the consoli ated statement of financial position as at end of December 31, 2018 • the consolidated statement of operations and ccumulated surplus for the year then ended • the consolidated statement of change in net assets for the year then ended • th co solidated statement of cash flows for the y ar then ende • and notes to the consolidated financial statements, including a summary of significant accounting policies (Hereinafter referred to as the "financial statements"). In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Tourism Chilliwack Inc. as at December 31, 2018 and the results of its operations, its changes in net financial assets and its cash flows for the year then ended in accordance with Canadian public sector accounting standards. Basis of Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the "Auditors' Responsibilities for the Audit of the Financial Statements" section