Finances

Statement of Cash Flows


(In thousands of dollars)
Year ended December 31, 2017, with comparative information for 2016


  2017 2016
 
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
 
  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)
 
  (1,209) (280)
 
Increase in cash 1,704 1,042
Cash, beginning of year 4,363 3,321
 
Cash, end of year $ 6,067 $ 4,363
 

See accompanying notes to financial statements.