Page 42 - 2009_2010_Annual_Report

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Saskatchewan Indian Gaming Authority
Statement of Cash Flows
Year Ended March 31, 2010
2010
2009
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Net income before distribution to Saskatchewan Liquor and Gaming Authority (Note 1)
$ 65,107,561
$ 59,874,423
Items not involving cash:
Amortization
12,913,938
9,031,116
Unrealized (gain) loss on interest rate swaps (Note 12)
(4,866,822)
7,345,748
Change in non-cash operating working capital:
Accounts receivable
1,035,399
118,502
Inventory
65,949
(136,969)
Prepaids
653,743
(379,567)
Accounts payable and accrued liabilities
(5,663,640)
5,701,639
Payments to Saskatchewan Liquor and Gaming Authority (Note 10)
(42,320,371)
(72,507,493)
26,925,757
9,047,399
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Long-term financing advanced
11,078,330
22,928,916
Capital lease obligation
(666,212)
(469,829)
Repayment of long-term debt
(3,594,540)
(2,310,411)
6,817,578
20,148,676
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of software
(18,296)
(2,456,710)
Purchase of capital assets
(8,753,591)
(30,571,332)
(8,771,887)
(33,028,042)
INCREASE (DECREASE) IN CASH POSITION
24,971,448
(3,831,967)
CASH POSITION, BEGINNING OF YEAR
32,350,359
36,182,326
CASH POSITION, END OF YEAR
$ 57,321,807
$ 32,350,359
Cash consists of:
Cash
$ 23,501,601
$ 20,536,371
Short-term investments
33,820,206
11,813,988
$ 57,321,807
$ 32,350,359
Supplemental Information:
Cash interest paid
$ 9,936,527
$ 4,807,170
See accompanying notes to the financial statements