Page 44 - SIGA_2010-11 Annual Report

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Saskatchewan Indian Gaming Authority Inc.
Statement of Cash Flows
Year Ended March 31, 2011
2011
2010
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Net income before distribution to Saskatchewan Liquor and Gaming Authority (Note 1)
$ 64,439,244 $ 65,107,561
Items not involving cash:
Amortization
13,900,454
12,913,938
Unrealized gain on interest rate swaps (Note 11)
(345,073)
(4,866,822)
Change in non-cash operating working capital:
Accounts receivable
178,826
1,035,399
Inventory
(49,419)
65,949
Prepaids
(253,980)
653,743
Accounts payable and accrued liabilities
2,016,798
(5,663,640)
Payments to Saskatchewan Liquor and Gaming Authority (Note 9)
(69,232,195)
(42,320,371)
10,654,655
26,925,757
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Long-term financing advanced
11,078,330
Repayment of capital lease obligation
(781,802)
(666,212)
Repayment of long-term debt
(4,878,550)
(3,594,540)
(5,660,352)
6,817,578
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of software
(22,638)
(18,296)
Purchase of capital assets
(7,825,783)
(8,753,591)
(7,848,421)
(8,771,887)
(DECREASE) INCREASE IN CASH POSITION
(2,854,118)
24,971,448
CASH POSITION, BEGINNING OF YEAR
57,321,807
32,350,359
CASH POSITION, END OF YEAR
$ 54,467,689 $ 57,321,807
Cash consists of:
Cash
$ 23,615,312 $ 23,501,601
Short-term investments
30,852,377
33,820,206
$ 54,467,689 $ 57,321,807
Supplemental Information:
Cash interest paid
$ 9,725,004 $ 9,936,527
See accompanying notes to the financial statements