For the year ended December 31
2013 2012
Cash provided by (used in):
operating activities
Excess of revenue over expenditures
$ 1,037,450 $ 2,181,887
Adjustment to reconcile excess of revenue over expenditures
to net cash provided by operating activities
Amortization of deferred capital contributions (63,411) (65,748)
Amortization of capital assets 198,327 280,419
Loss on disposition of capital assets 8,790 —
Income from Centre for Health and Safety Innovation (378,957) (283,158)
Employee future benefits expense (recovery) – MOL (42,612) 2,528
Employee future benefits expense
(Note 14) 4,610,000 4,137,400
Employee future benefits paid
(Note 14) (570,000) (450,000)
Changes in non-cash working capital balances
Accounts receivable (545,669) 38,286
Inventory 39,703 31,317
Prepaid expenses (5,910) 133,001
Accounts payable and accrued liabilities (1,011,080) (471,604)
Customer deposits (94,291) (309,444)
Vacation payable (69,314) (111,735)
Rental incentive (3,712) (3,712)
Attendance credits (156,294) 143,371
Exit benefits payable (69,013) (286,419)
Deferred MOL revenue (1,478,294) 1,478,955
Deferred MOL surplus 1,927,045 —
3,332,758 6,445,344
Investing activities
Decrease in restricted cash 225,307 143,048
Increase in short term investments (4,305,044) (2,589,758)
Increase in long term investments (200,000) —
Proceeds on disposition of capital assets 21,250 —
(4,258,487) (2,446,710)
Net change in cash and cash equivalents (925,729) 3,998,634
Cash and cash equivalents, beginning of year 11,251,210 7,252,576
Cash and cash equivalents, end of year $10,325,481 $ 11,251,210
The accompanying notes are an integral part of these financial statements.
Workplace Safety & Prevention Services Statement of Cash Flows
23
2013
annual
report
|
Workplace
Safety
&
Prevention
Services
