2019 Annual Report

Annual Report 2019 89 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Cash Flows Year ended December 31, 2019, with comparative information for 2018 2019 2018 Cash provided by (used in): Operating activities: Annual surplus (deficit) $ 346,962 $ (478,138) Items not involving cash: Amortization of tangible capital assets 279,062 261,141 Loss on disposal of capital assets 3,323 - Distribution to City of Chilliwack - 1,870,105 Premises cost recovery - (1,000,000) 629,347 653,108 Changes in non-cash operating working capital: Accounts receivable (16,861) (34,095) Prepaid expenses 47,313 48,153 Accounts payable and accrued liabilities 29,868 (29,704) Unearned revenue 136,184 31,061 825,851 668,523 Capital activities: Acquisition of tangible capital assets (6,940) (222,687) Investing activities: Increase in investments (1,409,994) (1,079,047) Repayment of financing lease receivable 542,648 524,011 (867,346) (555,036) Decrease in cash (48,435) (109,200) Cash, beginning of year 277,732 386,932 Cash, end of year $ 229,297 $ 277,732 See accompanying notes to financial statements. 4