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

   
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

   
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

   
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

   
Interest received 367 563