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Financial Statements 2007-2008
Statement of Cash Flow (Unaudited)
For the year ended March 31
(in thousands of dollars)
| 2008 | 2007 (restated) | |
|---|---|---|
| Operating activities | ||
| Net cost of operations | 1,626,731 | 1,924,638 |
| Non-cash items | ||
| Amortization of tangible capital assets | (81,553) | (73,344) |
| Gain on disposal of tangible capital assets - Net | 45,033 | 2,326 |
| Services provided without charge by other government departments (Note 15) | (78,000) | (81,400) |
| Variations in Statement of Financial Position | ||
| Increase (decrease) in accounts receivable and advances | (403,756) | 395,669 |
| Decrease in Canada Account loans | (258,076) | (240,571) |
| Increase (decrease) in inventory held for re-sale | 1,997 | (915) |
| Increase in prepaid expenses | 7,082 | 1,644 |
| Increase in consumable inventory | 1,181 | 167 |
| Decrease (increase) in accounts payable and accrued liabilities | 463,660 | (526,582) |
| Increase in vacation pay and compensatory leave | (3,040) | (3,128) |
| Decrease (increase) in deferred revenue | 2,003 | (2,225) |
| Decrease in employee severance benefits | 30,813 | 18,076 |
| Cash used by operation activities | 1,354,075 | 1,413,355 |
| Capital investment activities | ||
| Aquisition of tangible capital assets | 225,562 | 122,232 |
| Proceeds from disposal of tangible capital assets | (47,667) | (5,130) |
| Cash used by capital investment activities | 177,895 | 117,102 |
| Financing Activities | ||
| Net cash provided by Government of Canada | 1,531,970 | 1,530,457 |
The accompanying notes form an integral part of these financial statements.
