Q1-02 US GAAP - MKS

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Balances at July 31, 2001 (Unaudited) 32,361 $ 37,953 $ 330 8,749 $ 1,713 $ (1,468) $ (34,651) $ 3,877 See accompanying Notes to Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States of America
Mortice Kern Systems Inc. Consolidated Statements of Cash Flows (Dollar Amounts in US, In Thousands, Unaudited) US GAAP Three Months Ended July 31 2001 2000 (Unaudited) Cash flows from operating activities: Net loss ............................................................................................ $ (1,407) $ (12,475) Adjustments to reconcile net loss to net cash provided by (used for) operating activities: Deferred income taxes .................................................................. – (549) Depreciation and amortization of fixed assets................................... 365 314 Amortization of intangibles ............................................................. 64 272 Write down of intangibles .............................................................. – 8,091 Interest on deferred compensation .................................................. 29 30 Change in operating assets and liabilities, net of acquired balances: Accounts receivable ...................................................................... 795 3,186 Other current assets ..................................................................... (294) 480 Accounts payable, net of deferred compensation ............................. 446 286 Accrued liabilities ......................................................................... (952) (298) Income taxes payable ................................................................... (35) (439) Deferred revenue ........................................................................... (716) (1,027) Net cash used for operating activities .................................................. (1,705) (2,129) Cash flows from investing activities: Purchase of fixed assets ................................................................. (76) (471) Net cash used for investing activities ................................................... (76) (471) Cash flows from financing activities: Proceeds on issuance of common shares ......................................... 145 420 Payments of deferred compensation ................................................. (182) – Net cash provided by (used for) financing activities ................................ (37) 420 Effect of exchange rate changes on cash balances ............................... – 126 Change in cash and cash equivalents .................................................. (1,818) (2,054) Cash and cash equivalents, beginning of period .................................... 9,005 8,193 Cash and cash equivalents, end of period ............................................ $ 7,187 $ 6,139 Supplemental schedules: Cash paid for: Interest .......................................................................................... $ 3 $ 32 Income taxes ................................................................................. $ 35 $ 360 See accompanying Notes to Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States of America
Page 1 and 2: Assets: Mortice Kern Systems Inc. C
Page 3: Balances at April 30, 2000 17,325 $
Page 7 and 8: 1. Significant accounting policies:

Q1-02 US GAAP - MKS

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