Financial Statements
Statement of Cash Flows for the year ended December 31, 2010
(in thousands of dollars)
2010 | 2009 | |
---|---|---|
$ | $ | |
Cash provided by (used in) |
||
Operating activities |
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Excess (deficiency) of revenue over expenses for the year | (841) | 963 |
Add (deduct): Non-cash items reflected in operations | ||
Amortization of capital assets | 2,489 | 1,311 |
Amortization of deferred lease inducements | (578) | (198) |
Amortization of deferred capital contribution | (311) | (226) |
Changes in non-cash working capital items | ||
Accounts receivable | (89) | 124 |
Deposits and prepaid expenses | 3,013 | (2,948) |
Accounts payable and accrued liabilities | 980 | (586) |
Deferred revenue | (153) | (246) |
4,510 | (1,806) | |
Investing activities |
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Net sales of short-term investments | 7,150 | 2,534 |
Purchase of capital assets | (31,033) | (1,003) |
Net proceeds from sale of capital assets | 82 | – |
(23,801) | 1,531 | |
Financing activities |
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Proceeds from mortgage | 20,260 | – |
Increase (decrease) in cash during the year |
969 | (275) |
Cash – Beginning of year |
771 | 1,046 |
Cash – End of year |
1,740 | 771 |
Supplemental information |
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Interest received | 367 | 563 |