17|WSPS.CA/AnnualReport
Workplace Safety & Prevention Services
Statement of Cash Flows
For the year ended March 31, 2019
The accompanying notes are an integral part of these financial statements.
2019
$
2018
$
Cash provided by (used in)
Operating activities
Excess (shortfall) of revenue over expenditures for the year (1,157,570) 706,251
Adjustment to reconcile excess (shortfall) of revenue over expenditures
to net cash provided by
operating activities
Amortization of deferred capital contributions (94,897) (44,564)
Amortization of capital assets 223,265 172,932
Income from CHSI 392,194
(544,657)
Employee future benefits expense (note 10) 2,016,100 1,911,900
Employee
future benefits paid (note 10) (917,000) (804,000)
Reinvested investment income (954,941) (160,272)
Changes in non-cash working capital balances
Accounts receivable (520,478) 27,641
Prepaid expenses
(78,849) 120,698
Accounts payable and accrued liabilities (484,438) 715,844
Customer deposits
(37,892) (91,970)
Attendance credits and exit benefits payable 17,016 -
(1,597,490) 2,009,803
Investing activities
Proceeds from short-term investments 21,796,981 29,154,828
Purchases of short-term investments
(13,458,093) (31,505,036)
Purchases of long-term investments (5,484,624) -
Purchase of capital assets
(302,000) -
2,552,264 (2,350,208)
Financing activities
Funding received for purchases of capital assets 302,000 -
Change in cash and cash equivalents during the year
1,256,774 (340,405)
Cash and cash equivalents – Beginning of year
1,372,716 1,713,121
Cash and cash equivalents – End of year
2,629,490 1,372,716
Non-cash transaction
Transfer of long-term investment to short-term investments 5,000,000 7,200,000
