 Q2 Report 2001
|
|
Consolidated Statement of Cash Flows
| (in thousands of Canadian dollars) |
 |
Three months ending
June 30 |
|
Six months ending
June 30 |
| |
|
2001 |
|
2000 |
|
2001 |
|
2000 |
|
| Cash flows from (used in) operating activities |
|
|
|
|
|
|
|
|
| Net earnings |
$ |
1,276 |
$ |
(2,829) |
$ |
2,217 |
$ |
(2,025) |
|
Non-cash items included in net earnings:
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
517 |
|
532 |
|
1,050 |
|
1,065 |
| Future income taxes |
|
568 |
|
234 |
|
648 |
|
419 |
| Amortization of government assistance |
|
(16) |
|
(25) |
|
(41) |
|
(51) |
| Adjustment for interest not paid |
|
23 |
|
23 |
|
45 |
|
45 |
|
| Cash flow from operations |
|
2,368 |
|
(2,065) |
|
3,919 |
|
(547) |
| Changes in non-cash working capital |
|
(1,675) |
|
846 |
|
(3,108) |
|
(384) |
|
| |
|
693 |
|
(1,219) |
|
811 |
|
(931) |
|
| Cash flows from (used in) financing activities |
|
|
|
|
|
|
|
|
| Bank indebtedness |
|
(451) |
|
995 |
|
(387) |
|
975 |
| Repayment of long-term debt |
|
(157) |
|
(123) |
|
(224) |
|
(136) |
| Warrants issued |
|
- |
|
377 |
|
- |
|
377 |
|
| |
|
(608) |
|
1,249 |
|
(611) |
|
1,216 |
|
| Cash flows from (used in) investing activities |
|
|
|
|
|
|
|
|
| Net additions to capital assets |
|
(85) |
|
(201) |
|
(200) |
|
(435) |
| Deferred financing costs |
|
- |
|
171 |
|
- |
|
150 |
|
| |
|
(85) |
|
(30) |
|
(200) |
|
(285) |
|
| Net increase (decrease) in cash |
|
- |
|
- |
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
| Cash, beginning of period |
|
- |
|
- |
|
- |
|
- |
|
| Cash, end of period |
$ |
- |
|
- |
$ |
- |
|
- |
|
|
