2018 Annual Report

City of Chilliwack 99 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2018 3. Inventories: 2018 2017 Flag shop inventory $ 9,264 $ 10,462 Maps, apparels and books 3,363 4,352 $ 12,627 $ 14,814 4. Tangible capital assets: 2018 2018 Opening Closing Cost Additions Disposals Cost Furniture and fixtures $ 60,685 $ 4,516 $ - $ 65,201 Website 73,990 7,232 - 81,222 Computer 59,141 776 - 59,917 Leasehold improvements 122,254 5,661 - 127,915 $ 316,070 $ 18,185 $ - $ 334,255 2018 Opening 2018 Closing Accumulated Amortization Accumulated Amortization Disposals expense Amortization Furniture and fixtures $ 44,377 $ - $ 4,915 $ 49,292 Website 70,509 - 4,821 75,330 Computer 45,711 - 4,260 49,971 Leasehold improvements 114,480 - 4,032 118,512 $ 275,077 $ - $ 18,028 $ 293,105 2018 Opening 2018 Closing Net book value Net book value Furniture and fixtures $ 16,308 $ 15,909 Website 3,481 5,892 Computer 13,430 9,946 Leasehold improvements 7,774 9,403 $ 40,993 $ 41,150 Not included in tangible capital assets is $68,143 (2017 - $68,143) of works of art and cultural assets. During fiscal 2017, when these were purchased they were included in advertising and business development expenses on the statement of operations. 7