2015_LCC Annual Report

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

55,446 889,337

47,651

Amortization

971.092

20,651,258

20,036,860

Change in working capital: Accounts receivable

380,276 126,071 106,516 (371,197)

(373,467) (535,572) (69,188) 532,436

Inventory

Prepaid expenses

Accounts payable and accrued liabilities

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 Payments of obligations under finance leases Loan from the Province of Prince Edward Island

(19,607,687)

(19,668,449)

(24,771)

(17,243) 400,000 (455,962)

-

Debenture repayments

(352,007)

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) (187,023)

(796.352) (796.352)

Cash used by investing activities

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.)