Courtenay Annual Report 2025 draft

The Corporation of the City of Courtenay

Consolidated Statement Of Change in Net Financial Assets - Statement C For the year ended December 31, 2025

2025 Budget

2025

2024

(Note 16)

ANNUAL SURPLUS (DEFICIT)

(2,824,660)

9,477,543

9,265,917

Acquisition of tangible capital assets Amortization of tangible capital assets

(28,709,456)

( 17,730,949)

(14,648,795)

7,040,000

8,085,537

7,584,845

Losses and other adjustments to tangible capital assets

- - - - -

41,041

59,267

Change in asset retirement obligations

- -

(136,132) (3,462,792)

Change in capital leases

Proceeds on sale of tangible capital assets Developer tangible capital asset contribution

382,383

35,509

( 1,060,341)

(1,124,946)

(21,669,456)

(10,282,330)

(11,693,044)

Change in prepaid expenses Change in inventory of supplies

- -

(35,864) (33,990)

(132,639) (271,561)

-

(69,854)

(404,200)

CHANGE IN NET FINANCIAL ASSETS

( 24,494,116)

( 874,640)

(2,831,327)

NET FINANCIAL ASSETS AT BEGINNING OF YEAR

47,434,002

47,434,002

50,265,329

NET FINANCIAL ASSETS AT END OF YEAR

$22,939,886

$46,559,362

$47,434,002

The accompanying notes are an integral part of these consolidated financial statements.

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