2025 Annual Report-final June 4

FINANCIAL STATEMENTS

Consolidated Statement of Financial Position Consolidated Financial Statements Consolidated Financial Statements

Consolidated Statement of Financial P osition as at December 31, 2023 2023 Consolidated Statement of Financial P osition as at December 31, 2024 2024

As at December 31, 2025

2023

2022 Restated (Note 26) 61,015,863 245,129,093 26,404,368 22,933,056 253,251,692 25,283,520 512,827 1,182,509 56,169 334,300,829 614,913 1,146,868 303,286,218 36,685,123 19,670,943 20,347,771 40,918,197 30,942,915 2,718,600 38,761,184 190,044,733 29,111,044 18,883,504 19,475,845 38,878,746 27,470,091 2,861,700 42,930,686 179,611,616 144,256,096 123,674,602 1,214,389,129 15,526,529 56,169 1,178,043,788 15,526,529 699,859 1,477,293 1,232,092,810 610,871 1,456,190 1,376,348,906 1,195,637,378 1,319,311,980 1,377,661,946

Financial Assets Cash and cash equivalents (Note 1) Portfolio investments (Note 2) Accounts receivable (Note 4) Recoverable local improvements (Note 5) Financial A ssets Cash and cash equivalents (Note 1) Portfolio investments (Note 2) Accounts receivable (Note 4) Recoverable local improvements (Note 5) Debt reserve fund (Note 6) Inventory available for resale L iabilities Accounts payable and accrued liabilities (Note 7) Asset retirement obligations (Note 8) L iabilities Accounts payable and accrued liabilities (Note 7) Asset retirement obligations (Note 8) Deferred revenue (Note 9) Restricted revenue (Note 10) Refundable performance deposits and other Deferred revenue (Note 9) Restricted revenue (Note 10) Employee future benefits (Note 11) Refundable performance deposits and other Employee future benefits (Note 11) Debt (Note 12) Debt reserve fund (Note 6) Inventory available for resale

$

61,01 5 , 8 63 $ 2 6 ,4 95 ,43 9 40 5 , 66 2 23 7 ,003, 4 13 3 4 , 5 30,0 48 1,223, 69 2 56 ,1 69 33 9 , 7 2 9 ,0 65 5 12, 8 2 7 1,1 8 2, 5 09 10 5 ,2 7 3,3 9 2 $ 20 6 ,2 7 4, 7 11

$

5 6,169

33 4 ,300, 8 29 3 6 ,118,80 5 22,2 6 0,1 6 0 24,188, 69 2 1 9 , 79 4, 9 24 32,0 59 , 5 0 9 2, 76 1, 6 00 34,4 67 ,441 1 7 1, 65 1,131 36,6 85 ,123 19,6 7 0,9 4 3 20,3 47 , 77 1 4 0,91 8 ,19 7 30,9 4 2,91 5 2, 7 1 8 ,600 3 8 , 7 61,1 84 190,0 44 , 7 33 1 6 8,0 77 , 9 34 1 44 ,2 5 6,096 1,2 6 4,34 9 , 9 4 9 1 5 , 5 2 6 , 5 2 9 1,21 4 ,3 8 9,129 1 5 , 5 26, 5 29 814,8 56 2, 6 21,23 9 1,283,312, 57 3 699, 85 9 1, 477 ,293

Debt (Note 12) Net Financial A ssets

Net Financial Assets Non Financial A ssets Tangible capital assets (Note 13, Schedule 1) Undeveloped land bank properties (Note 14) Non Financial Assets Tangible capital assets (Note 13, Schedule 1) Undeveloped land bank properties (Note 14) Supplies inventory Prepaid expenses

Supplies inventory Prepaid expenses

A ccumulated Surplus (Note 15)

$

1,232,092, 8 10 1,4 5 1,3 9 0, 5 0 7 $

Accumulated Surplus (Note 15) A ccumulated surplus is comprised of : A ccumulated operating surplus A ccumulated remeasurement losses Accumulated surplus is comprised of : Accumulated operating surplus Accumulated remeasurement gains ( losses)

$

1,3 7 6,3 48 ,906 $ 1,4 5 3, 6 41,3 9 2

(2,2 5 0,88 5 )

(1,313,040)

1,3 77 ,661,9 4 6 1,4 5 1,3 9 0, 5 0 7

1,319,311,980 1,376,348,906

( 1,313,0 4 0)

-

1,3 7 6,3 48 ,906

1,319,311,980

Scott Hartman

Trevor Thompson, BBA, CPA, CGA

Chief Administrative Officer

Director of Finance

Scott Hartman

Trevor Thompson, BBA, CPA, CGA

Chief Administrative Officer

Director of Finance

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

48 | City of Maple Ridge - 2025 Annual Report