Investor Presentaiton
26
Charlottetown Airport | 2013 Annual Report
Statement of Cash Flows
For the year ended December 31, 2013
Cash provided by (used in)
Operating activities
Net earnings for the year
Items not affecting cash
Amortization
Amortization of deferred capital contributions
Gain on disposal of capital assets
2013
2012
$
$
1,704,835
2,491,544
1,579,301
1,211,241
(437,794)
(362,562)
(42,050)
(2,376)
2,804,292
3,337,847
Net change in non-cash working capital items
Decrease in accounts receivable
Decrease (increase) in prepaid expenses
14,405
(11,918)
24,166
9,816
Increase in security deposits
6,900
100
Increase (decrease) in accounts payable and accrued liabilities
Increase (decrease) in deferred revenue
638,508
(352,739)
22,567
(17,665)
670,462
(336,322)
3,474,754
3,001,525
Financing activities
Increase in severance pay obligation
Decrease (increase) in pension surplus benefit
Decrease in pension deficit obligation
Increase in deferred capital contributions
15,044
19,000
4,751
(271,000)
(31,000)
388,377
2,225,865
422,421
1,928,616
Investing activities
Purchase of capital assets
(2,009,372)
Proceeds on disposal of capital assets
76,610
Decrease (increase) in long-term investments
(3,415,238)
(8,286,365)
3,701
3,161,120
(5,348,000)
(5,121,544)
Decrease in net cash
Net cash - Beginning of year
Net cash - End of year
(1,450,825)
(191,403)
6,744,423
6,935,826
5,293,598
6,744,423
Net cash consists of
Cash
Short-term investments
Supplementary disclosure
Interest received
1,862,951
1,287,381
3,430,647
5,457,042
5,293,598
6,744,423
173,054
115,762View entire presentation