Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 6 Months Ended August 31, 2000 | 6 Months Ended August 31, 1999 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the year |
$ (34,231) | $ (81,726) |
Items not affecting cash: |
||
Amortization |
- | - |
Write-off of mineral properties |
- | - |
Changes in non-cash working capital items: |
||
(Increase) decrease in accounts receivable |
7,912 | 8,670 |
Increase (decrease) in accounts payable |
9,716 | 11,406 |
Increase (decrease) in due to related parties |
34,750 | (25,000) |
(Increase) decrease in subscriptions receivable |
- | - |
Net cash provided by (used in) operating activities |
18,147 | (86,650) |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
100,750 | 238,423 |
Share subscriptions received |
(33,000) | (169,797) |
| Share subscriptions receivable | - | (10,500) |
Net cash provided by financing activities |
67,750 | 103,126 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Purchase of capital assets |
- | (2,325) |
Mineral properties |
(46,250) | (68,607) |
Deferred exploration costs |
(29,586) | - |
Net cash used in investing activities |
(75,836) | (70,932) |
Change in cash position for the period |
10,061 | (54,456) |
Cash position, beginning of period |
496 | 75,226 |
Cash position, end of period |
$ 10,557 | $ 20,770 |
Supplemental disclosure for non-cash operating, investing and financing activities (Note 10)
The accompanying notes are an integral part of these financial statements.
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