Financial Statements |
TRS.TSX Venture Financial Statements |
| STATEMENTS OF CASH FLOWS |
| 3 Months Ended August 31, 2002 | 6 Months Ended August 31, 2002 | 3 Months Ended August 31, 2001 | 6 Months Ended August 31, 2001 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
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Loss for the period |
$ (74,225) | $ (106,424) | $ (35,460) | $ (51,362) |
Items not affecting cash: |
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Amortization |
- | - | - | - |
Changes in non-cash working capital items: |
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(Increase) decrease in accounts receivable |
(1,737) | (8,535) | (6,743) | (5,366) |
Increase (decrease) in accounts payable |
5,453 | (21,990) | (11,098) | (3,735) |
Increase (decrease) in subscriptions receivable |
(94,500) | (86,000) | - | 10,150 |
Net cash used in operating activities |
(165,009) | (222,949) | (31,105) | 50,313 |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Issuance of capital stock |
752,500 | 840,000 | 290,561 | 582,361 |
Share subscriptions received |
(166,950) | - | (150,150) | (117,800) |
Repayment to related parties |
(4,280) | (8,032) | (6,427) | (10,347) |
Net cash provided by financing activities |
581,270 | 831,968 | 133,984 | 454,214 |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Mineral properties, net of recoveries |
(186,000) | (303,500) | (107,000) | (323,250) |
Deferred exploration costs, net of recoveries |
(26,389) | (43,236) | (65,854) | (84,465) |
Net cash used in investing activities |
(212,389) | (346,736) | (172,854) | (407,715) |
Change in cash position for the period |
203,872 | 262,283 | (69,975) | (3,814) |
Cash position, beginning of period |
180,655 | 122,244 | 189,476 | 123,315 |
Cash position, end of period |
$ 384,527 | $ 384,527 | $ 119,501 | $ 119,501 |
Supplemental disclosure with respect to cash flows (Note 9)
The accompanying notes are an integral part of these financial statements.
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