CEPCO Financial Statements
CHILLIWACK ECONOMIC PARTNERS CORPORATION
Statement of Cash Flows
Year ended December 31, 2013, with comparative information for 2012
2013
2012
Cash provided by (used in):
Operating activities:
Annual surplus (deficit)
$ 1,499,989 $ 2,222,283
Items not involving cash:
Amortization of tangible capital assets
131,040
161,960
Gain on sale of properties
(2,443,348)
(2,795,528)
Provision for impairment of property
-
203,900
(812,319)
(207,385)
Change in non-cash operating working capital:
Accounts receivable
(16,702)
(59,853)
Prepaid expenses
2,320
13,542
Accounts payable and accrued liabilities
286,276
178,376
Unearned revenue
(39,424)
(152,564)
(579,849)
(227,884)
Capital activities:
Acquisition of tangible capital assets
(3,207)
(31,867)
Decrease (increase) in property under development
79,603
(201,060)
Proceeds on sale of properties
4,017,754
4,725,363
4,094,150
4,492,436
Investing activities:
Repayments of loans receivable
509,594
187,409
Change in investments
(4,096,732)
(1,500,000)
(3,587,138)
(1,312,591)
Financing activities:
Change in bank indebtedness
-
(895,394)
Repayment of demand loans
-
(1,800,000)
-
(2,695,394)
Increase (decrease) in cash and cash equivalents
(72,837)
256,567
Cash and cash equivalents, beginning of year
366,444
109,877
Cash and cash equivalents, end of year
$ 293,607 $ 366,444
See accompanying notes to financial statements.
63
2013 Annual Report
