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CHILLIWACK ECONOMIC PARTNERS CORPORATION
Statement of Cash Flows
Year ended December 31, 2012, with comparative figures for 2011
2012
2011
Cash provided by (used in):
Operating activities:
Annual surplus
$ 2,222,283 $ 421,650
Items not involving cash:
Amortization of tangible capital assets
161,960
208,206
Gain on sale of property
(2,795,528)
-
Provision for impairment of property
203,900
-
(207,385)
629,856
Change in non-cash operating working capital:
Accounts receivable
(59,853)
1,379,474
Prepaid expenses
13,542
2,548
Accounts payable and accrued liabilities
178,376
(2,335,318)
Unearned revenue
(152,564)
(28,953)
(227,884)
(352,393)
Capital activities:
Acquisition of tangible capital assets
(31,867)
(126,443)
Increase in property under development
(201,060)
(2,249,300)
Proceeds on sale of property
4,725,363
-
4,492,436
(2,375,743)
Investing activities:
Repayments of loans receivable
187,409
258,861
Investment in short-term investment
(1,500,000)
-
(1,312,591)
258,861
Financing activities:
Change in bank indebtedness
(895,394)
895,394
Repayment of demand loans
(1,800,000)
-
(2,695,394)
895,394
Increase (decrease) in cash
256,567
(1,573,881)
Cash, beginning of year
109,877
1,683,758
Cash, end of year
$ 366,444 $ 109,877
See accompanying notes to financial statements.
cepco financial statements
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