Statement of Cash Flows Year Ended February 29, 2020
2020
2019
CASH PROVIDED BY (USED IN): Operating Activities
$
421,514
Excess of revenues over expenses
$
243,905
Items not affecting cash: Amortization
18,233 (1,890) 437,857
25,909
Lease inducement
8,199
278,013
Changes in non-cash working capital: Accounts receivable
(14,516) (12,723)
(23,766) 12,975 (8,908) 45,150 25,451 303,464
Prepaid expenses
8,231
Accounts payable and accrued liabilities Registration fees received in advance
15,550 (3,458) 434,399
INVESTING ACTIVITY
(2,545) (2,545)
Purchase of tangible capital assets
(3,275) (3,275)
NET CHANGE IN CASH Cash—beginning of year
431,854
300,189
3,966,221
3,666,032
CASH—END OF YEAR
$ 4,398,075
$ 3,966,221
See notes to financial statements
24
ALBERTA COLLEGE OF OCCUPATIONAL THERAPISTS ANNUAL REPORT 2019–2020
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