Financial Statements
Statement of Cash Flows for the year ended December 31, 2011
(in thousands of dollars)
| 2011 | 2010 | |
|---|---|---|
| $ | $ | |
Cash provided by (used in) |
||
Operating activities |
||
| Deficiency of revenue over expenses for the year | (359) | (841) |
| Add (deduct): Non-cash items reflected in operations | ||
| Amortization of capital assets | 2,130 | 2,489 |
| Amortization of deferred lease inducements | - | (578) |
| Amortization of deferred capital contribution | (117) | (311) |
| Changes in non-cash working capital items | ||
| Accounts receivable | (45) | (89) |
| Deposits and prepaid expenses | (255) | 3,013 |
| Accounts payable and accrued liabilities | 163 | 980 |
| Deferred revenue | (98) | (153) |
| 1,419 | 4,510 | |
Investing activities |
||
| Net sales of investments | 3,098 | 7,150 |
| Purchase of capital assets | (5,919) | (31,033) |
| Net proceeds from sale of capital assets | – | 82 |
| (2,821) | (23,801) | |
Financing activities |
||
| Proceeds from mortgage | – | 20,260 |
Increase (decrease) in cash during the year |
(1,402) | 969 |
Cash – Beginning of year |
1,740 | 771 |
Cash – End of year |
338 | 1,740 |
Supplemental information |
||
| Interest received | 188 | 367 |
| Interest paid | 1,169 | 615 |
The accompanying notes are an integral part of these financial statements.