Page 42 - SIGA Annual Report 2013

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Saskatchewan Indian Gaming Authority Inc.
Statement of Comprehensive Income
year ended March 31, 2013
42
2013
2012
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Total comprehensive income for the year before distribution
to Saskatchewan Liquor and Gaming Authority
$ 86,774,339
$ 79,152,203
Adjustments for:
Depreciation and amortization
13,600,580
14,617,689
Finance costs
9,332,547
9,774,884
Unrealized (gain) loss on interest rate swaps
(317,744)
2,489,098
Change in non-cash working capital:
Accounts receivable
1,324,129
(4,342,214)
Inventories
48,814
(20,517)
Prepaids
(537,422)
(108,036)
Accounts payable and accrued liabilities
(2,542,686)
(870,459)
Payments to Saskatchewan Liquor and Gaming Authority (Note 9)
(91,874,093)
(67,499,808)
15,808,464
33,192,840
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Purchase of intangible assets
(6,503)
(2,935)
Purchase of property and equipment
(5,580,917)
(3,858,051)
Purchase of short-term investments
(252,500)
(252,500)
Proceeds on disposal of short-term investments
252,500
252,500
(5,587,420)
(3,860,986)
CASH FLOWS USED IN FINANCING ACTIVITIES
Interest paid
(9,332,547)
(9,774,884)
Repayment of finance lease obligation
(1,043,053)
(911,801)
Repayment of long-term debt
(5,001,203)
(4,936,099)
(15,376,803)
(15,622,784)
(DECREASE) INCREASE IN CASH POSITION
(5,155,759)
13,709,070
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
67,924,259
54,215,189
CASH AND CASH EQUIVALENTS, END OF YEAR
$ 62,768,500
$ 67,924,259
See accompanying notes to the financial statements