Statement of Cash Flows
(In thousands of dollars)
Year ended December 31, 2017, with comparative information for 2016
| 2017 | 2016 | |
|---|---|---|
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| Cash provided by (used in): | ||
| Operating activities: | ||
| Excess of revenue over expenditures | $ 700 | $ 329 |
| Amortization which does not involve cash | 2,329 | 2,463 |
| Change in non-cash operating working capital: | ||
| Accounts receivable | 89 | 445 |
| Deposits and prepaid expenses | 77 | (70) |
| Accounts payable and accrued liabilities | 142 | 486 |
| Deferred revenue | 16 | 132 |
| Deferred salaries | 239 | ‐ |
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| Total operating activities | 3,592 | 3,785 |
| Financing activities: | ||
| Repayment of mortgage principal | (679) | (2,463) |
| Investing activities: | ||
| Purchases of investments | (9,568) | (11,004) |
| Proceeds from redemption of investments | 10,000 | 12,000 |
| Purchase of capital assets | (1,641) | (1,276) |
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| Total investing activities | (1,209) | (280) |
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| Increase in cash | 1,704 | 1,042 |
| Cash, beginning of year | 4,363 | 3,321 |
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| Cash, end of year | $ 6,067 | $ 4,363 |
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See accompanying notes to financial statements.