Financial Statements |
TRS.TSX Venture Financial Statements |
| STATEMENTS OF CASH FLOWS |
| 3 Months Ended November 30, 2002 | 9 Months Ended November 30, 2002 | 3 Months Ended November 30, 2001 | 9 Months Ended November 30 31, 2001 | |
CASH FLOWS FROM OPERATING ACTIVITIES |
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Loss for the period |
$ (42,724) | $ (159,148) | $ (15,250) | $ (51,362) |
Items not affecting cash: |
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Amortization |
- | - | - | - |
Changes in non-cash working capital items: |
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(Increase) decrease in accounts receivable |
(14,137) | (22,672) | 5,720 | (5,366) |
Increase (decrease) in accounts payable |
154,244 | 132,254 | (14,695) | (3,735) |
Increase (decrease) in subscriptions receivable |
45,500 | (40,500) | - | 10,150 |
Net cash used in operating activities |
142,883 | (80,066) | (24,675) | (50,313) |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Decrease in note receivable |
- | - | 2,000 | 2,000 |
Issuance of capital stock |
45,000 | 885,000 | 142,900 | 725,261 |
Share subscriptions received |
12,000 | 12,000 | 143,500 | 25,700 |
Increase (decrease) in due to related parties |
33,170 | 25,138 | - | - |
Net cash provided by financing activities |
90,170 | 922,138 | 288,400 | 752,961 |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchase of capital assets |
- | - | (546) | (546) |
Mineral properties, net of recoveries |
(62,000) | (365,500) | (228,600) | (551,850) |
Deferred exploration costs, net of recoveries |
(410,533) | (453,769) | (56,023) | (140,488) |
Net cash used in investing activities |
(472,533) | (819,269) | (285,169) | (692,884) |
Change in cash position for the period |
(239,480) | 22,803 | (21,444) | (25,258) |
Cash position, beginning of period |
384,527 | 122,244 | 119,501 | 123,315 |
Cash position, end of period |
$ 145,047 | $ 145,047 | $ 98,057 | $ 98,057 |
Supplemental disclosure with respect to cash flows (Note 9)
The accompanying notes are an integral part of these financial statements.
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