Actsafe Safety Association
Statement of Cash Flows
Year ended December 31, 2018
2018
$ 2017
$
(22,043) (210,610)
(29,007)
14,078
64,163
6,097 (29,007)
13,120
65,492
7,622
(37,327)
5,921
(1,471)
(3,650)
1,953
74,293
18,563
91,570 (511)
(977)
2,049
(9,537)
7,024
-
6,307
(149,028)
(9,795)
(16,592)
(26,387) (7,506)
(4,525)
(12,031)
Cash flows from (used in) financing activity
Repayments of capital lease obligation (7,265) (6,684)
Increase (decrease) in cash and cash equivalents during the year 57,918 (167,743)
Cash and cash equivalents, beginning of year 119,503 287,246
Cash and cash equivalents, end of year 177,421 119,503
Cash and cash equivalents consists of:
Cash
Guaranteed investment certificate 77,421
100,000 19,503
100,000
177,421 119,503
Cash flows from (used in) operating activities
Excess (deficiency) of revenue over expenses for the year
Items not affecting cash
Amortization of deferred lease inducement
Amortization of rental equipment
Amortization of property and equipment
Amortization of equipment under capital lease
Changes in non-cash working capital
Accounts receivable
GST/HST receivable
Interest receivable
Prepaid expenses and deposits
Accounts payable and accrued liabilities
GST/HST payable
Deferred revenue
Cash flows from (used in) investing activities
Acquisition of property and equipment
Acquisition of rental equipment
The accompanying notes are an integral part of these financial statements.