2000 (70KB) - Algonquin College

THE ALGONQUIN COLLEGE OF APPLIED ARTSAND TECHNOLOGYStatement of Cash FlowsYear ended March 31, 2000, with comparative figures for 1999Cash provided by (used for):2000 1999Operations:Excess of revenue over expenditures $ 4,179,406 $ 6,373,284Items which do not involve cash:Amortization of capital assets 6,744,151 5,980,676Amortization of deferred capital contributions (2,858,003) (2,867,440)Write-off of capital assets 134,041 288,018Change in non-cash working capital (note 17) 1,179,924 (3,463,719)9,379,519 6,310,819Financing:Increase (decrease) in long-term debt 6,118,681 (895,000)Change in long-term deferred revenue 4,606,780 1,316,10310,725,461 421,103Investments:Decrease in loan receivable 171,570 237,012Increase in investments (299,300) (193,111)Capital asset additions (note 10) (17,775,651) (5,950,323)Capital contributions received (note 9) 4,337,149 588,078Endowment contributions and investment income 276,850 168,409(13,289,382) (5,149,935)Increase in cash and cash equivalents 6,815,598 1,581,987Cash and cash equivalents, beginning of year 3,235,468 1,653,481Cash and cash equivalents, end of year $10,051,066 $ 3,235,468The College considers cash and cash equivalents to be highly liquid investments with originalmaturities of three months or less.See accompanying notes to financial statements.4