Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF CASH FLOWS |
| 3 Months Ended November 30, 2001 | 9 Months Ended November 30, 2001 | 3 Months Ended November 30, 2000 | 9 Months Ended November 30, 2000 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
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Loss for the period |
$ (15,250) | $ (66,612) | $ (10,234) | $ (44,465) |
Items not affecting cash: |
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Amortization |
- | - | - | - |
Write-off of mineral properties |
- | - | - | - |
Changes in non-cash working capital items: |
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(Increase) decrease in accounts receivable |
5,270 | (96) | 2,084 | 9,996 |
Increase (decrease) in accounts payable |
(14,695) | (18,430) | (8,185) | 1,531 |
Increase (decrease) in due to related parties |
- | (10,347) | (40,192) | (5,442) |
Decrease in subscriptions receivable |
- | 10,150 | - | - |
Net cash provided by (used in) operating activities |
(24,675) | (85,335) | (56,527) | (38,380) |
CASH FLOWS FROM FINANCING ACTIVITIES |
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| Decrease in note receivable | 2,000 | 2,000 | - | - |
Issuance of capital stock |
142,900 | 725,261 | - | 100,750 |
Share subscriptions received |
143,500 | 25,700 | 77,800 | 44,800 |
Net cash provided by financing activities |
288,400 | 752,961 | 77,800 | 145,550 |
CASH FLOWS FROM INVESTING ACTIVITIES |
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| Purchase of capital assets | (546) | (546) | - | - |
Mineral properties, net of recoveries |
(228,600) | (551,850) | 3,000 | (43,250) |
Deferred exploration costs, net of recoveries |
(56,023) | (140,488) | (16,440) | (46,026) |
Net cash used in investing activities |
(285,169) | (692,884) | (13,440) | (89,279) |
Change in cash position for the period |
(21,444) | (25,258) | 7,833 | 17,894 |
Cash position, beginning of period |
119,501 | 123,315 | 10,557 | 496 |
Cash position, end of period |
$ 98,057 | $ 98,057 | $ 18,390 | $ 18,390 |
Supplemental disclosure with respect to cash flows (Note 10)
The accompanying notes are an integral part of these financial statements.
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