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WSPS 2012 Annual Report

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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 23

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