2018 Annual Report

City of Chilliwack 93 TOURISM CHILLIWACK INC. Consolidated Statement of Financial Position December 31, 2018, with comparative information for 2017 2018 2017 Financial assets: Cash $ 497,707 $ 446,530 Accounts receivable 152,091 135,000 Long-term investments (note 2) 226,463 225,000 876,261 806,530 Financial liabilities: Accounts payable and accrued liabilities 93,546 95,080 Due to City of Chilliwack (note 11) 167,560 163,187 Deferred revenue 57,775 53,113 $ 318,881 $ 311,380 Net financial assets 557,380 495,150 Non-financial assets: Inventories (note 3) $ 12,627 $ 14,814 Prepaid expenses and deposits 12,426 17,344 Tangible capital assets (note 4) 41,150 40,993 Goodwill 6,120 6,120 72,323 79,271 Accumulated surplus $ 629,703 $ 574,421 Represented by: Share capital (note 5) $ 1 $ 1 Unrestricted equity 588,552 533,427 Equity in tangible capital assets 41,150 40,993 $ 629,703 $ 574,421 Contingency (note 10) See accompanying notes to Director Director 1