Finances

Statement of Cash Flows


(In thousands of dollars) 
Year ended December 31, 2020, with comparative information for 2019. 


2020 2019
 
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
 

              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)
 
  (2,024) 1,207
 
Increase (decrease) in cash (310) 935
Cash, beginning of year 4,651 3,716
 
Cash, end of year $4,341 $4,651
 

See accompanying notes to financial statements.