Sixteen Mile Sports Complex | Officially opened ... - Oakville

Consolidated Statement of Changes in Net Financial AssetsYear ended December 31, 2010, with comparative information for 2009(in thousands of dollars)Budget 2010 2009(Unaudited–note 17)Annual surplus $ 116,953 $ 117,371 $ 50,376Acquisition of tangible capital assets (118,039) (88,526) (82,668)Amortization of tangible capital assets - 37,082 36,327Loss (gain) on sale of tangible capital assets - 9,061 (107)Proceeds on sale of tangible capital assets - 210 362(1,086) 75,198 4,290Acquisition of prepaid expenses and inventory - (2,578) (2,134)Use of prepaid expenses and consumption of inventory - 2,134 1,318- (444) (816)Change in accounting policy recognizing future taxesin Oakville Hydro Corporation - - (16,146)Change in net financial assets (1,086) 74,754 (12,672)Net financial assets, beginning of year 184,480 184,480 197,152Net financial assets, end of year $183,394 $259,234 $184,480The accompanying notes are an integral part of these consolidated financial statementsTown of Oakville 2010 Annual Report | 25