PEILCC 2023 Annual Report

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Cash Flow Year Ended March 31, 2023

2023

2022

Cash flows from operating activities Net income Items not affecting cash: Amortization of property and equipment Amortization of right-of-use assets

$ 25,171,307

$ 24,913,541

825,121 642,628

841,924 635,747

26,639,056

26,391,212

Changes in non-cash working capital: Accounts receivable

(52,565) (1,102,504) (37,928) 781,978

86,426

Inventory

(1,167,122)

Prepaid expense

16,796

Accounts payable and accrued liabilities

(1,029,067)

44,366

Deferred revenue

97,137

(366,653)

(1,995,830)

PLAN A SAFE RIDE HOME

26,272,403

24,395,382

Cash flows from investing activities

(347,794) (1,009,667)

Purchase of property and equipment Purchase of right-of-use assets

(545,193) (57,394)

(1,357,461)

(602,587)

Cash flows from financing activities

(25,171,307) 410,145 (45,693) (598,316) 1,009,667 (63,830)

Annual income distribution to Province of Prince Edward Island Advances from the Province of Prince Edward Island

(24,913,541)

627,415 (43,906) (590,416) 57,394 (63,830)

Repayment of debentures payable Repayment of lease liabilities Proceeds from lease liabilities Deferred lease inducements

(24,459,334)

(24,926,884)

Increase (decrease) in cash

455,608

(1,134,089)

Cash - beginning of year

2,352,567

3,486,656

Cash - end of year

$ 2,808,175

$ 2,352,567

Cash consists of: Cash on hand

$ 122,340 2,685,835

$ 120,195 2,232,372

Cash in financial institutions

$ 2,808,175

$ 2,352,567

Cash flow supplementary information Interest paid

$ 236,842

$ 228,773

Notes 1 - 20 are an integral part of these financial statements 6

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PEILCC 2022-2023 Annual Report