Period from
January 1, 2016 to
March 31, 2017
$
Year ended
December 31,
2015
$
Cash provided by (used in)
Operating activities
Excess of revenue over expenditures 288,294 976,836
Adjustment to reconcile excess of revenue over expenditures
= to net cash provided by operating activities
Amortization of deferred capital contributions (55,705) (44,564)
Amortization of capital assets 216,165 197,973
Income from Centre for Health & Safety Innovation (247,968) (307,275)
Employee future benefits expense (note 10) 3,337,000 3,324,400
Employee future benefits paid (note 10) (870,000) (606,000)
Changes in non-cash working capital balances
Accounts receivable (480,689) (225,480)
Prepaid expenses (355,441) 37,668
Accounts payable and accrued liabilities 1,024,180 (625,338)
Customer deposits 1,293,211 330,993
Attendance credits and exit benefits payable (46,254) (77,269)
4,102,793 2,981,944
Investing activities
Proceeds from short term investments – net 4,580,004 1,780,539
Purchase of long-term investments (7,600,000) (4,400,000)
(3,019,996) (2,619,461)
Change in cash and cash equivalents during the period 1,082,797 362,483
Cash and cash equivalents – Beginning of period 630,324 267,841
Cash and cash equivalents – End of period 1,713,121 630,324
Workplace Safety & Prevention Services Statement of Cash Flows
The accompanying notes are an integral part of these financial statements.
CELEBRATING 100 YEARS OF SAFETY IN ONTARIO | 1917-2017 WSPS.CA/AnnualReport
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