Consolidated Statement of Cash Flows for the year ended December 31, 2009
(in thousands of dollars)
| 2009 | 2008 | |
|---|---|---|
| $ | $ | |
Cash provided by (used in) |
||
Operating activities |
||
| Excess (deficiency) of revenue over expenses for the year | 963 | (1,207) |
| Add (deduct): Non-cash items reflected in operations | ||
| Amortization of property and equipment | 1,311 | 1,207 |
| Amortization of deferred lease inducements | (198) | (198) |
| Amortization of deferred capital contribution | (226) | (225) |
| Changes in non-cash working capital items | ||
| Accounts receivable | 124 | 58 |
| Deposits and prepaid expenses | (2,948) | (67) |
| Accounts payable and accrued liabilities | (586) | 684 |
| Deferred revenue | (246) | 480 |
| (1,806) | 732 | |
Investing activities |
||
| Net purchases of short-term investments | 2,534 | 625 |
| Purchase of property and equipment | (1,028) | (1,028) |
| 1,531 | (403) | |
Increase (decrease) in cash during the year |
(275) | 329 |
Cash – Beginning of year |
1,046 | 717 |
Cash – End of year |
771 | 1,046 |
Supplemental information |
||
| Interest received | 563 | 990 |