2019 Annual Report

Annual Report 2019 107 TOURISM CHILLIWACK INC. Consolidated Statement of Cash Flows Year ended December 31, 2019, with comparative information for 2018 2019 2018 Cash provided by (used in): Operating activities: Annual surplus $ 100,088 $ 55,282 Item not involving cash: Amortization of tangible capital assets 12,800 18,028 112,888 73,310 Changes in non-cash operating assets and liabilities: Accounts receivable 13,709 (17,091) Inventories (7,245) 2,187 Prepaid expenses and deposits (2,662) 4,918 Accounts payable and accrued liabilities 29,249 (1,534) Due to City of Chilliwack (995) 4,373 Deferred revenue 233,372 4,662 378,316 70,825 Capital activities: Acquisition of tangible capital assets (1,060) (18,185) Investing activities: Increase in long-term investments (4,197) (1,463) Increase in cash 373,059 51,177 Cash, beginning of year 497,707 446,530 Cash, end of year $ 870,766 $ 497,707 See accompanying notes to financial statements. 4