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WSPS 2021 Annual Report

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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

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