Finances
Statement of Cash Flows
For the year ended December 31, 2015
(in thousands of dollars)
|
2015 |
2014 |
---|---|---|
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 |
The accompanying notes are an integral part of these financial statements.