Statement of Cash Flows
(In thousands of dollars)
Year ended December 31, 2020, with comparative information for 2019.
| 2020 | 2019 | |
|---|---|---|
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| Cash provided by (used in): | ||
| Operating activities: | ||
| Excess (deficiency) of revenue over other expenditures | $1,387 | $(3,284) |
| Amortization which does not involve cash | 2,097 | 2,186 |
| Change in non-cash operating working capital: | ||
| Accounts receivable | 137 | (26) |
| Deposits and prepaid expenses | 19 | (52) |
| Accounts payable and accrued liabilities | (629) | 821 |
| Deferred revenue | (442) | 667 |
| Deferred salaries | (189) | 115 |
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2,380 | 427 |
| Financing activities: | ||
| Repayment of mortgage principal | (666) | (762) |
| Investing activities: | ||
| Purchase of investments | (18,014) | (48,357) |
| Proceeds from redemption of investments | 18,000 | 51,500 |
| Purchase of capital assets | (2,010) | (1,873) |
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| (2,024) | 1,207 | |
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| Increase (decrease) in cash | (310) | 935 |
| Cash, beginning of year | 4,651 | 3,716 |
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| Cash, end of year | $4,341 | $4,651 |
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See accompanying notes to financial statements.