Statement of Cash Flows
(In thousands of dollars)
Year ended December 31, 2019, with comparative information for 2018
2019 | 2018 | |
---|---|---|
|
||
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 |
|
||
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) |
|
||
1,270 | (3,298) |
|
|
||
Increase (decrease) in cash | 935 | (2,351) |
Cash, beginning of year | 3,716 | 6,067 |
|
||
Cash, end of year | $ 4,651 | $ 3,716 |
|
See accompanying notes to financial statements.