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WSPS 2020 Annual Report

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21 | WSPS.CA/AnnualReport Workplace Safety & Prevention Services Statement of Cash Flows For the year ended March 31, 2021 The accompanying notes are an integral part of these financial statements. 2021 $ 2020 $ Cash provided by (used in) Operating activities Surplus (shortfall) of revenue over expenditures for the year 190,663 (6,293,082) Adjustment to reconcile excess (shortfall) of revenue over expenditures to net cash provided by operating activities Amortization of deferred capital contributions (141,516) (145,231) Amortization of capital assets 258,295 273,598 Loss from CHSI 2,453,302 552,061 Employee future benefits expense (note 8) 1,055,800 2,104,600 Employee future benefits paid (note 8) (930,200) (891,000) Reinvested investment income (405,836) (899,753) Changes in non-cash working capital balances Accounts receivable 2,282,673 (2,025,215) Prepaid expenses 186,196 292,151 Accounts payable and accrued liabilities (994,978) 673,769 Customer deposits (370,134) (1,077,769) Advances to related party (1,843,225) - Attendance credits and exit benefits payable (76,223) - Deferred revenue (146,469) - 1,518,348 (7,435,871) Investing activities Proceeds from short-term investments 44,073,765 54,625,981 Purchases of short-term investments (23,926,746) (39,211,515) Purchases of long-term investments (10,571,658) (9,256,725) 9,575,361 6,157,741 Change in cash and cash equivalents during the year 11,093,709 (1,278,130) Cash and cash equivalents – Beginning of year 1,351,360 2,629,490 Cash and cash equivalents – End of year 12,445,069 1,351,360 Non-cash transaction Transfer of long-term investment to short-term investments 5,082,384 562,910

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