Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| Year Ended February 28, 2001 | Year Ended February 29, 2000 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the year |
$ (195,496) | $ (63,633) |
Items not affecting cash: |
||
Amortization |
593 | 349 |
| Income tax recovery | (44,912) | (38,986) |
Write-off of mineral properties |
88,173 | - |
| Write-off of deferred exploration costs | 81,658 | - |
Write-down of marketable securities |
3000 | - |
Changes in non-cash working capital items: |
||
Decrease in accounts receivable |
7,509 | 4,298 |
Increase (decrease) in accounts payable |
(10,470) | 17,550 |
Increase (decrease) in due to related parties |
(5,342) | 689 |
Increase in subscription receivable |
(10,150) | - |
Net cash used in operating activities |
(85,437) | (79,733) |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
249,000 | 146,584 |
Share subscriptions received |
117,800 | 33,000 |
Net cash provided by financing activities |
366,800 | 179,584 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Purchase of capital assets |
- | (2,325) |
Mineral properties |
(52,000) | (38,460) |
Deferred exploration costs |
(86,544) | (133,796) |
Net cash used in investing activities |
(138,544) | (174,581) |
Change in cash position for the year |
142,819 | (74,730) |
Cash position, beginning of year |
496 | 75,226 |
Cash position, end of year |
$ 143,315 | $ 496 |
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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