Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 3 Months Ended May 31, 2000 | 3 Months Ended May 31, 1999 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the year |
$ (14,121) | $ (46,852) |
Items not affecting cash: |
||
Amortization |
- | - |
Write-off of mineral properties |
- | - |
Changes in non-cash working capital items: |
||
(Increase) decrease in accounts receivable |
7,319 | 13,041 |
Increase (decrease) in accounts payable |
2,899 | 22,564 |
Increase (decrease) in due to related parties |
10,700 | (35,000) |
(Increase) decrease in subscriptions receivable |
- | (18,000) |
Net cash provided by (used in) operating activities |
6,797 | (64,247) |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
100,750 | 238,298 |
Share subscriptions received |
(33,000) | (169,797) |
Net cash provided by financing activities |
67,750 | 68,501 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Purchase of capital assets |
- | (1,883) |
Mineral properties |
(46,250) | (45,408) |
Deferred exploration costs |
(18,702) | - |
Net cash used in investing activities |
(64,952) | (47,291) |
Change in cash position for the period |
9,595 | (43,037) |
Cash position, beginning of period |
496 | 75,226 |
Cash position, end of period |
$ 10,091 | $ 32,189 |
Supplemental disclosure for non-cash operating, investing and financing activities (Note 10)
The accompanying notes are an integral part of these financial statements.
© Copyright 1999, Tres-Or Resources Ltd. All Rights Reserved |