Workplace Safety & Prevention Services
Statement of Cash Flows
For the year ended March 31, 2022
The accompanying notes are an integral part of these financial statements.
2022
$
2021
$
Cash provided by (used in)
Operating activities
Excess (deficiency) of revenue over expenditures for the year (5,845,228) 190,663
Adjustment to reconcile excess (deficiency) of revenue over
expenditures to net cash provided by operating activities
Amortization of deferred capital contributions (50,335) (141,516)
Amortization of capital assets 50,335 258,295
Loss from CHSI - 2,453,302
Employee future benefits expense (note 8) 1,176,200 1,055,800
Employee future benefits paid (note 8) (1,038,400) (930,200)
Reinvested investment income (5,242) (405,836)
Non-cash settlement of related party balances 1,843,225 -
Non-cash advance from related party - (1,843,225)
Changes in non-cash working capital balances
Accounts receivable 16,689 2,282,673
Prepaid expenses 41,685 186,196
Accounts payable and accrued liabilities (67,348) (994,978)
Customer deposits 482,390 (370,134)
Exit benefits (57,778) (76,223)
Deferred revenue - (146,469)
(3,453,807) 1,518,348
Investing activities
Proceeds from short-term investments 36,931,791 44,073,765
Purchases of short-term investments (37,231,639) (23,926,746)
Purchases of long-term investments (6,705,148) (10,571,658)
(7,004,996) 9,575,361
Change in cash during the year
(10,458,803) 11,093,709
Cash - beginning of year
12,445,069 1,351,360
Cash - end of year
1,986,266 12,445,069
Non-cash transaction
Transfer of long-term investment to short-term investments 9,082,678 5,082,384
