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Consolidated Statement of Cash Flows
| 2007 | | 2006 | | Year ended March 31 | $ | | $ |  | | [in thousands of Canadian dollars] | | | | | | Operating activities | | Excess of revenue over expenses for the year | 8,816 | | 5,290 | | Add (deduct) items not involving cash | | Depreciation and amortization
| 6,379 | | 6,868 | | Loss on disposal of capital assets
| 76 | | 123 | | Gain on sale of investments
| (61) | | (440) | | Increase in accrued pension benefit asset [note 10] | (6,149) | | (5,753) | Increase in accrued other retirement and post-employment
benefit liability [note 10] | 4,654 | | 3,689 | | Foreign exchange loss
| 323 | | 846 | | Lease inducement amortization | (108) | | – | | Net change in non-cash working capital balances related to operations [note 8] | (884) | | 364 | | | Cash provided by operating activities | 13,046 | | 10,987 | | | | Investing activities | | Purchase of capital assets | (5,795) | | (4,096) | | Proceeds on disposal of capital assets | 22 | | 2 | | Purchase of investments | (41,655) | | (58,917) | | Proceeds on sale of investments | 35,420 | | 50,036 | | Investment in joint venture | (225) | | – | | | Cash used in investing activities | (12,233) | | (12,975) | | | | Financing activities | | Loan proceeds (repayment) | (64) | | 530 | | Lease inducements proceeds | – | | 1,541 | | | Cash provided by (used in) financing activities | (64) | | 2,071 | | | | Net increase in cash during the year | 749 | | 83 | | Effect of exchange rate changes on cash | (138) | | (414) | | Cash and cash equivalents, beginning of year | 12,057 | | 12,388 | | | Cash and cash equivalents, end of year | 12,668 | | 12,057 | | | | See accompanying notes |
© Copyright 2007 Canadian Standards Association. All rights reserved.
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