19 | WSPS.CA/AnnualReport "The accompanying notes are an integral part of these financial statements."
Workplace Safety & Prevention Services Statement of Cash Flows
Year ended
March 31, 2018
$
Period from
January 1, 2016
to March 31, 2017
$
Cash provided by (used in)
Operating activities
Excess of revenue over expenditures 706,251 288,294
Adjustment to reconcile excess of revenue over expenditures
to net cash provided by operating activities
Amortization of deferred capital contributions (44,564) (55,705)
Amortization of capital assets 172,932 216,165
Income from CHSI (544,657) (247,968)
Employee future benefits expense (note 10) 1,911,900 3,337,000
Employee future benefits paid (note 10) (804,000) (870,000)
Reinvested investment income (160,272) (15,000)
Changes in non-cash working capital balances
Accounts receivable 27,641 (480,689)
Prepaid expenses 120,698 (355,441)
Accounts payable and accrued liabilities 715,844 1,024,180
Customer deposits (91,970) 1,293,211
Attendance credits and exit benefits payable — (46,254)
2,009,803 4,087,793
Investing activities
Proceeds from (purchase of)
Short-term investments (9,550,208) 4,595,004
Long-term investments 7,200,000 (7,600,000)
(2,350,208) (3,004,996)
Change in cash and cash equivalents during the period (340,405) 1,082,797
Cash and cash equivalents – Beginning of period 1,713,121 630,324
Cash and cash equivalents – End of period 1,372,716 1,713,121
