Coquitlam Optical Network Corporation (QNet)
Statement of CashStatements Flows Notes to Financial (continued) Year ended December 31, 2018, 2018 with comparative information for 2017  
2018
2017
Cash provided by (used in):
Operating activities: Annual surplus
$
257,010
$
140,687
Amortization of tangible capital assets, an item not involving cash
309,352 135,133
Changes in non-cash operating working capital balances: (637)
Prepaid expenses Accounts receivable Accounts payable and accrued liabilities Deferred revenue Net change in cash from operating activities
(2,512)
(3,316)
56,641
99,127
(61,950)
141,725
91,833
634,596
528,497
(375,665)
(229,961)
(249,469)
(293,508)
Capital activities: Cash used to acquire tangible capital assets Financing activities: Decrease in due to City of Coquitlam Change in cash
9,462
5,028
Cash, beginning of year
6,323
1,295
Cash, end of year
$
15,785
$
6,323
See accompanying notes to financial statements.
City of Coquitlam 2018 ANNUAL REPORT
89