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2012 Consolidated Financial Statements

2012 Consolidated Financial Statements

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Published by tessavanderhart
2012 Consolidated Financial Statements
2012 Consolidated Financial Statements

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Published by: tessavanderhart on May 21, 2013
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THE CITY OF WINNIPEGCONSOLIDATED STATEMENT OF FINANCIAL POSITION
 As at December 31(in thousands of dollars)
FINANCIAL ASSETS 
Cash and cash equivalents (Note 3)
$392,041 
$437,346 Accounts receivable (Note 4)
208,579 
197,927 Land held for resale
13,664 
14,861 Investments (Note 5)
303,849 
292,495 Investment in government businesses (Note 6)
31,446 
23,783 
949,579 
966,412 
LIABILITIES 
Accounts payable and accrued liabilities (Note 7)
205,789 
186,463 Deferred revenue (Note 8)
55,079 
64,825 Debt (Note 9)
793,161 
558,400 Other liabilities (Note 10)
56,990 
55,435 Accrued employee benefits and other (Note 11)
164,165 
156,465 
1,275,184 
1,021,588 
NET FINANCIAL LIABILITIES 
(325,605) 
(55,176) 
NON-FINANCIAL ASSETS 
Tangible capital assets (Note 13)
5,203,625 
4,747,795 Inventories
15,977 
16,385 Prepaid expenses and deferred charges
18,511 
6,086 
5,238,113 
4,770,266 
ACCUMULATED SURPLUS (Note 14
$4,912,508 
$4,715,090 Commitments and contingencies (Notes 10, 15 and 16)
See accompanying notes and schedules to the consolidated financial statements
Approved on behalf of the Audit Committee:
MAYOR CHAIRPERSONSTANDING POLICY COMMITTEEON FINANCE2012
2011
6
 
THE CITY OF WINNIPEGCONSOLIDATED STATEMENT OFOPERATIONS AND ACCUMULATED SURPLUS
 For the years ended December 31(in thousands of dollars)
REVENUES 
Taxation (Note 16)
$587,519$587,578 
$563,779 Sales of services and regulatory fees (Note 17)
470,348483,339 
460,452 Government transfers (Note 18)
161,673158,975 
159,475 Investment income
37,84440,865 
40,449 Land sales and other revenue (Note 6)
63,47532,897 
48,269 Total Revenues
1,320,8591,303,654 
1,272,424 
EXPENSES 
Protection and community services
415,871416,265 
388,089 Utility operations
353,364338,028 
334,154 Public works
280,998283,042 
287,847 Property and development
132,165105,685 
103,436 Finance and administration
80,10271,390 
70,404 Civic corporations
48,64951,518 
47,257 General government
47,17933,795 
42,047 Total Expenses (Note 19)
1,358,3281,299,723 
1,273,234 Annual Surplus (Deficit) Before Other 
(37,469)3,931 
(810) 
OTHER 
Government transfers related to capital (Note 18)
122,506121,262 
138,611 Developer contributions-in-kind related to capital (Note 13)
58,00072,225 
58,575 
180,506193,487 
197,186 Annual Surplus
143,037197,418 
196,376 
ACCUMULATED SURPLUS, BEGINNING OF YEAR 
4,715,090 
4,518,714 
ACCUMULATED SURPLUS, END OF YEAR 
$4,912,508 
$4,715,090 
See accompanying notes and schedules to the consolidated financial statements
20122012BudgetActual
Actual
(Unaudited)
2011
7
 
THE CITY OF WINNIPEGCONSOLIDATED STATEMENT OF CASH FLOWS
 For the years ended December 31(in thousands of dollars)
NET INFLOW (OUTFLOW) OF CASH RELATED TO THE FOLLOWING ACTIVITIESOPERATING 
Annual surplus
$197,418 
$196,376  Non-cash charges to operationsAmortization
188,432 
175,765 Write-down of tangible capital assets
- 
5,779 Other 
9,862 
21,562 
395,712 
399,482  Net change in non-cash working capital balances related to operations
(14,205) 
52,467 Cash provided by operating activities
381,507 
451,949 
CAPITAL
Acquisition of tangible capital assets
(653,993) 
(486,320) Proceeds on disposal of tangible capital assets
4,462 
2,451 Cash used in capital activities
(649,531) 
(483,869) 
FINANCING 
Increase in sinking fund investments
(21,509) 
(23,841) Debenture and serial debt retired
(21,448) 
(20,672) Sinking fund and serial debenture issued
137,784 
50,000 Service concession arrangements financing
109,362 
50,000 Other 
32,820 
6,594 Cash provided by financing activities
237,009 
62,081 
INVESTING 
Increase of investments
(14,290) 
(14,940) Cash used in investing activities
(14,290) 
(14,940) (Decrease) increase in cash and cash equivalents
(45,305) 
15,221 
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 
437,346 
422,125 
CASH AND CASH EQUIVALENTS, END OF YEAR 
$392,041 
$437,346 
See accompanying notes and schedules to the consolidated financial statements
2012
2011
8

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