Annual Report 2020 | Page 26

Financial Statements
MANITOBA RECREATIONAL TRAILS ASSOCIATION INC .
Consolidated Statement of Cash Flows
For the year ended December 31 2020 2019
Cash Flows used in Operating Activities Deficiency of revenue over expenses for the year
$
( 80,999 ) $
( 40,046 )
Adjustments for Amortization of capital assets
2,536
5,071
( 78,463 )
( 34,975 )
Changes in non-cash working capital balances Accounts receivable
8,695
3,297
Prepaid expenses
( 2,173 )
276
Accounts payable and accrued liabilities
153,333
( 17,093 )
Deferred contributions
( 104,040 )
( 187,836 )
Decrease in cash and bank during the year ( 22,648 ) ( 236,331 )
Cash and bank , beginning of year 540,846 777,177 Cash and bank , end of year $ 518,198 $ 540,846
Represented by
Cash and bank
$
410,071 $
445,821
Restricted cash
108,127
95,025
$ 518,198 $ 540,846
Annual Report-2020 Year in Review 26