Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 3 Months Ended May 31, 2001 | 3 Months Ended May 31, 2000 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the period |
$ (15,902) | $ (14,121) |
Items not affecting cash: |
||
Amortization |
- | - |
Write-off of mineral properties |
- | - |
Changes in non-cash working capital items: |
||
Decrease in accounts receivable |
1,377 | 7,319 |
Increase (decrease) in accounts payable |
(14,833) | 2,899 |
Increase (decrease) in due to related parties |
(3,920) | 10,700 |
Decrease in subscriptions receivable |
10,150 | - |
Net cash provided by (used in) operating activities |
(23,128) | 6,797 |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
291,800 | 100,750 |
Share subscriptions received |
32,350 | (33,000) |
Net cash provided by financing activities |
324,150 | 67,750 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Mineral properties, net of recoveries |
(216,250) | (46,250) |
Deferred exploration costs, net of recoveries |
(18,611) | (18,702) |
Net cash used in investing activities |
(234,861) | (64,952) |
Change in cash position for the period |
66,161 | 9,595 |
Cash position, beginning of period |
123,315 | 496 |
Cash position, end of period |
$ 189,476 | $ 10,091 |
Supplemental disclosure with respect to cash flows (Note 10)
The accompanying notes are an integral part of these financial statements.
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