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CANADIAN SNOWBIRD ASSOCIATION Combined Statement of Cash Flows Year Ended October 31 (Expressed in Canadian Dollars) |
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| 2004 | 2003 | |||
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| Operating activities | ||||
| Excess of revenue over expenses | $ | 54,066 | $ | 66,30 |
| Add item not involving cash | ||||
| Add item not involving cash | 5,981 | 12,591 | ||
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| 60,047 | 78,894 | |||
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| Net change in non-cash working capital items | ||||
| Accounts receivable | $ | (14,906) | $ | (38,325) |
| Prepaid expenses | (6,883) | (10,584) | ||
| Accounts payable and accrued liabilities | 7,074 | (75,458) | ||
| Deferred membership dues | 71,534 | 1,044 | ||
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| 56,819 | (123,323) | |||
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| Cash flows from operating activities | 116,866 | (44,429) | ||
| Investing activity | ||||
| Acquisition of property and equipment and cash flows from | ||||
| investing activity | (32,324) | (1,084) | ||
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| Net increase (decrease) in cash during the year | 84,542 | (45,513) | ||
| Cash, beginning of year | 1,299,457 | 1,344,970 | ||
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| Cash, end of year | $ | 1,383,999 | $ | 1,299,457 |
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| Cash consists of the following | ||||
| Cash | 609,721 | 691,675 | ||
| Short-term deposits | 774,278 | 607,782 | ||
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| $ | 1,383,999 | $ | 1,299,457 | |
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| Note to combined statement of cash flows | ||||
| Interest received | 11,538 | 15,421 | ||
See accompanying notes
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