Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 6 Months Ended August 31, 2001 | 6 Months Ended August 31, 2000 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the period |
$ (51,362) | $ (34,231) |
Items not affecting cash: |
||
Amortization |
- | - |
Write-off of mineral properties |
- | - |
Changes in non-cash working capital items: |
||
(Increase) decrease in accounts receivable |
(5,366) | 7,912 |
Increase (decrease) in accounts payable |
(3,735) | 9,716 |
Increase (decrease) in due to related parties |
(10,347) | 34,750 |
Decrease in subscriptions receivable |
10,150 | - |
Net cash provided by (used in) operating activities |
(60,660) | 18,147 |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
582,361 | 100,750 |
Share subscriptions received |
(117,800) | (33,000) |
Net cash provided by financing activities |
464,561 | 67,750 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Mineral properties, net of recoveries |
(323,250) | (46,250) |
Deferred exploration costs, net of recoveries |
(84,465) | (29,586) |
Net cash used in investing activities |
(407,715) | (75,836) |
Change in cash position for the period |
(3,814) | 10,061 |
Cash position, beginning of period |
123,315 | 496 |
Cash position, end of period |
$ 119,501 | $ 10,557 |
Supplemental disclosure with respect to cash flows (Note 10)
The accompanying notes are an integral part of these financial statements.
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