Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 9 Months Ended November 30, 2000 | 9 Months Ended November 30, 1999 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
||
Loss for the year |
$ (44,465) | $ (109,685) |
Items not affecting cash: |
||
Amortization |
- | - |
Write-off of mineral properties |
- | - |
Changes in non-cash working capital items: |
||
(Increase) decrease in accounts receivable |
9,996 | 6,961 |
Increase (decrease) in accounts payable |
1,531 | 31,886 |
Increase (decrease) in due to related parties |
(5,442) | 11,000 |
(Increase) decrease in subscriptions receivable |
- | - |
Net cash provided by (used in) operating activities |
(38,380) | (59,838) |
CASH FLOWS FROM FINANCING ACTIVITIES |
||
Issuance of capital stock |
100,750 | 295,423 |
Share subscriptions received |
44,800 | (169,797) |
| Share subscriptions receivable | - | (10,500) |
Net cash provided by financing activities |
145,550 | 125,626 |
CASH FLOWS FROM INVESTING ACTIVITIES |
||
Purchase of capital assets |
- | (2,325) |
Mineral properties |
(43,250) | (137,969) |
Deferred exploration costs |
(46,026) | - |
Net cash used in investing activities |
(89,276) | (140,294) |
Change in cash position for the period |
17,894 | (74,506) |
Cash position, beginning of period |
496 | 75,226 |
Cash position, end of period |
$ 18,390 | $ 720 |
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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