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PRINCE EDWARD ISLAND
LIQUOR CONTROL COMMISSION
Statement of Cash Flow
for the year ended March 31, 2015
2015
2014
$
$
Cash provided (used) by:
Operating Activities
Comprehensive income for the year
19,706,475
19,018,117
Loss on disposal of assets
55,446
47,651
Amortization
889,337
971.092
20,651,258
20,036,860
Change in working capital:
Accounts receivable
380,276
(373,467)
Inventory
126,071
(535,572)
Prepaid expenses
106,516
(69,188)
Accounts payable and accrued liabilities
(371,197)
532,436
Deferred revenue
6.777
26.901
Cash provided by operating activities
20,899.701
19.617,970
Financing Activities
Payments to the Province of Prince Edward Island
(19,607,687)
(19,668,449)
Payments of obligations under finance leases
(24,771)
(17,243)
Loan from the Province of Prince Edward Island
-
400,000
Debenture repayments
(352,007)
(455,962)
Cash used by financing activities
(19.984.465)
(19.741.654)
Investing Activities
Proceeds from disposal of property, plant, and equipment
78,500
-
Acquisition of property, plant, and equipment
(265.523)
(796.352)
Cash used by investing activities
(187,023)
(796.352)
Change
in
cash
728,213
(920,036)
Cash, beginning of year
1,786,650
2,706.686
Cash, end of year
2.514.863
1.786.650
Supplementary disclosure
Interest paid
186,478
108.331
(The accompanying notes are an integral part of these financial statements.)