Statement of Cash Flows
(In thousands of dollars)
Year ended December 31, 2019, with comparative information for 2018
| 2019 | 2018 | |
|---|---|---|
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| Cash provided by (used in): | ||
| Operating activities: | ||
| Deficiency of revenue over expenditures | $(3,284) | $(346) |
| Amortization which does not involve cash | 2,186 | 2,217 |
| Change in non-cash operating working capital: | ||
| Accounts receivable | (26) | 43 |
| Deposits and prepaid expenses | (52) | (17) |
| Accounts payable and accrued liabilities | 821 | (608) |
| Deferred revenue | 667 | 112 |
| Deferred salaries | 115 | 265 |
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| 427 | 1,666 | |
| Financing activities: | ||
| Repayment of mortgage principal | (762) | (719) |
| Investing activities: | ||
| Purchases of investments | (48,357) | (8,080) |
| Proceeds from redemption of investments | 51,500 | 6,573 |
| Purchase of capital assets | (1,873) | (1,791) |
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| 1,270 | (3,298) |
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| Increase (decrease) in cash | 935 | (2,351) |
| Cash, beginning of year | 3,716 | 6,067 |
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| Cash, end of year | $ 4,651 | $ 3,716 |
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See accompanying notes to financial statements.