2018 Annual Report

Annual Report 2018 96 TOURISM CHILLIWACK INC. Consolidated Statement of Cash Flows Year ended December 31, 2018, with comparative information for 2017 2018 2017 Cash provided by (used in): Operating activities: Annual surplus (deficit) $ 55,282 $ 41,977 Item not involving cash: Amortization of tangible capital assets 18,028 16,892 73,310 58,869 Changes in non-cash operating assets and liabilities: Accounts receivable (17,091) (38,725) Inventories 2,187 (2,674) Prepaid expenses and deposits 4,918 188 Accounts payable and accrued liabilities (1,534) (28,158) Due to City of Chilliwack 4,373 38,427 Deferred revenue 4,662 17,817 70,825 45,744 Capital activities: Acquisition of tangible capital assets (18,185) (18,429) Investing activities: Change in long-term investments (1,463) (8,241) Increase in cash 51,177 19,074 Cash, beginning of year 446,530 427,456 Cash, end of year $ 497,707 $ 446,530 See accompanying notes to financial statements. 4