SIGA_Annual_Report_2015 - page 58

58
2015
2014
CASH FLOWS FROM OPERATING ACTIVITIES
Total comprehensive income for the year before distribution
to Saskatchewan Liquor and Gaming Authority
$ 83,075,295
$ 82,330,833
Adjustments for:
Depreciation and amortization
9,654,002
11,029,916
Finance costs
7,950,716
8,456,725
Unrealized (gain) loss on interest rate swaps
1,027,796
(2,115,496)
Change in non-cash working capital:
Accounts receivable
260,126
2,544,143
Inventories
(99,174)
60,624
Prepaids
(422,840)
232,550
Accounts payable and accrued liabilities
3,584,013
(494,976)
Payments to Saskatchewan Liquor and Gaming
Authority (Note 9)
(88,914,665)
(68,845,214)
16,115,269
33,199,105
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of intangible assets
(535,576)
(185,784)
Purchase of property and equipment
(6,535,173)
(4,089,815)
Recognition of asset under finance lease
(15,286,273)
Purchase of short-term investments
(46,282,500)
(5,282,500)
Proceeds on disposal of short-term investments
5,282,500
252,500
(63,357,022)
(9,305,599)
CASH FLOWS USED IN FINANCING ACTIVITIES
Interest paid
(7,950,716)
(8,456,725)
Recognition of finance lease obligation
15,286,273
Repayment of finance lease obligation
(1,397,797)
(1,238,358)
Repayment of long-term debt
(5,455,328)
(5,329,645)
482,432
(15,024,728)
(DECREASE) INCREASE IN CASH POSITION
(46,759,321)
8,868,778
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
71,637,278
62,768,500
CASH AND CASH EQUIVALENTS, END OF YEAR
$ 24,877,957 $ 71,637,278
See accompanying notes to the financial statements
STATEMENT OF
CASH FLOWS
YEAR ENDED MARCH 31, 2015
1...,48,49,50,51,52,53,54,55,56,57 59,60,61,62,63,64,65,66,67,68,...92
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