Page 42 - SIGA Annual Report 2014

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42
2014
2013
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
Total comprehensive income for the year before distribution
to Saskatchewan Liquor and Gaming Authority
$ 82,330,833
$ 86,774,339
Adjustments for:
Depreciation and amortization
11,029,916
13,600,580
Finance costs
8,456,725
9,332,547
Unrealized gain on interest rate swaps
(2,115,496)
(317,744)
Change in non-cash working capital:
Accounts receivable
2,544,143
1,324,129
Inventories
60,624
48,814
Prepaids
232,550
(537,422)
Accounts payable and accrued liabilities
(494,976)
(2,542,686)
Payments to Saskatchewan Liquor and Gaming Authority (Note 9)
(68,845,214)
(91,874,093)
33,199,105
15,808,464
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
Purchase of intangible assets
(185,784)
(6,503)
Purchase of property and equipment
(4,089,815)
(5,580,917)
Purchase of short-term investments
(5,282,500)
(252,500)
Proceeds on disposal of short-term investments
252,500
252,500
(9,305,599)
(5,587,420)
CASH FLOWS USED IN FINANCING ACTIVITIES
Interest paid
(8,456,725)
(9,332,547)
Repayment of finance lease obligation
(1,238,358)
(1,043,053)
Repayment of long-term debt
(5,329,645)
(5,001,203)
(15,024,728)
(15,376,803)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
8,868,778
(5,155,759)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
62,768,500
67,924,259
CASH AND CASH EQUIVALENTS, END OF YEAR
$ 71,637,278
$ 62,768,500
See accompanying notes to the financial statements
STATEMENT OF
CASH FLOWS
YEAR ENDED
MARCH 31, 2014