Finances

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.