Financial Statements |
TRS.TSX Venture Financial Statements |
| STATEMENTS OF CASH FLOWS |
| 3 Months Ended May 31, 2002 | 3 Months Ended May 31, 2001 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the period |
$ (15,902) | $ (15,902) |
Items not affecting cash: |
||
Amortization |
- | - |
Changes in non-cash working capital items: |
||
(Increase) decrease in accounts receivable |
1,377 | 1,377 |
Decrease in accounts payable |
(14,833) | (14,833) |
Decrease in subscriptions receivable |
10,150 | 10,150 |
Net cash used in operating activities |
(57,940) | 19,208 |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
87,500 | 291,800 |
Share subscriptions received |
166,950 | 32,350 |
Repayment to related parties |
(3,752) | (3,920) |
Net cash provided by financing activities |
250,698 | 320,230 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Mineral properties, net of recoveries |
(117,500) | (216,250) |
Deferred exploration costs, net of recoveries |
(16,847) | (18,611) |
Net cash used in investing activities |
(134,347) | (234,861) |
Change in cash position for the period |
58,411 | 66,161 |
Cash position, beginning of period |
122,244 | 123,315 |
Cash position, end of period |
$ 180,655 | $ 189,476 |
Supplemental disclosure with respect to cash flows (Note 9)
The accompanying notes are an integral part of these financial statements.
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