Cash provided by (used in)

Operating activities

Excess of revenue over expenses for the year

1,137

3,985

Add (deduct): Non-cash item reflected in operations

   Amortization 

2,504

2,815

Changes in non-cash working capital items

   Accounts receivable

1,367

(1,924)

   Deposits and prepaid expenses

(31)

(7)

   Accounts payable and accrued liabilities

453

(389)

   Deferred revenue

(294)

103

5,136 

4,377

Investing activities

Purchases of investments

(28,801)

(20,057)

Proceeds from redemption of investments

25,459

19,000

Purchase of capital assets

(850)

(1,222)

(4,192)

(2,279)

Financing activities

Repayment of mortgage principal

(503)

(475)

Increase in cash during the year

441

1,623

Cash - Beginning of year

2,880

1,257

Cash - End of year

3,321

2,880