For the year ended December 31 2012 2011
Cash provided by (used in):
Operating activities
Excess of revenue over expenses $ 2,181,887 $ 1,420,704
Adjustment to reconcile excess of revenue over expenditures
to net cash provided by operating activities
Amortization of deferred capital contributions (65,748) (77,120)
Amortization of capital assets 280,419 564,842
Income from Centre for Health & Safety Innovation (283,158) (202,691)
Employee future benefits expense - MOL 2,528 40,084
Employee future benefits expense 4,137,400 2,560,300
Future employee benefits other than pension plan paid (450,000) (435,000)
Changes in noncash working capital balances
Accounts receivable 38,286 75,776
Inventory 31,317 (34,584)
Prepaid expenses 133,001 28,464
Accounts payable and accrued liabilities (471,604) (607,432)
Deferred MOL revenue 1,478,955 (867,001)
Deferred MOL surplus – 550,000
Vacation payable (1 1 1 ,735) (136,693)
Customer deposits (309,444) 378,433
Exit benefits payable (286,419) (19,679)
Attendance credits 143,371 (61,493)
Rental incentive (3,712) (3,712)
6,445,344 3,173,198
Investing activities
Decrease in restricted cash 143,048 81,172
Increase in short-term investments (2,589,758) (4,021,274)
Decrease (increase) in long-term investments – 1,932,777
(2,446,710) (2,007,325)
Net change in cash 3,998,634 1,165,873
Cash and cash equivalents, beginning of year 7,252,576 6,086,703
Cash and cash equivalents, end of year $ 11,251,210 $ 7,252,576
Workplace Safety & Prevention Services
Statement of Cash Flows
The accompanying notes are an integral part of these financial statements
Workplace Safety & Prevention Services 2012 Annual Report
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