Finances
Statement of Cash Flows
(In thousands of dollars)
Year ended December 31, 2016, with comparative information for 2015
|
|
|
2016 |
2015 |
|
|
|
$ |
$ |
|
|
|
|
|
Cash provided by (used in): |
|
|
||
|
|
|
|
|
Operating activities: |
|
|
||
|
Excess of revenue over expenditures |
$329 |
$1,137 |
|
|
Amortization which does not involve cash |
2,463 |
2,504 |
|
|
Change in non-cash operating working capital: |
|
|
|
|
|
Accounts receivable |
445 |
1,367 |
|
|
Deposits and prepaid expenses |
(70) |
(31) |
|
|
Accounts payable and accrued liabilities |
486 |
453 |
|
|
Deferred revenue |
132 |
(294) |
|
|
|
3,785 |
5,136 |
|
|
|
|
|
Financing activities: |
|
|
||
|
Repayment of mortgage principal |
(2,463) |
(503) |
|
|
|
|
|
|
Investing activities: |
|
|
||
|
Purchases of investments |
(11,004) |
(28,801) |
|
|
Proceeds from redemption of investments |
12,000 |
25,459 |
|
|
Purchase of capital assets |
(1,276) |
(850) |
|
|
|
|
(280) |
(4,192) |
|
|
|
|
|
Increase in cash |
1,042 |
441 |
||
|
|
|
|
|
Cash, beginning of year |
3,321 |
2,880 |
||
|
|
|
|
|
Cash, end of year |
$4,363 |
$3,321 |
See accompanying notes to financial statements.