2018 Annual Report

Annual Report 2018 80 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Cash Flows Year ended December 31, 2018, with comparative information for 2017 2018 2017 Cash provided by (used in): Operating activities: Annual deficit $ (478,138) $ (50,789) Items not involving cash: Amortization of tangible capital assets 261,141 240,690 Distribution to City of Chilliwack 1,870,105 - Downtown redevelopment cost recovery (1,000,000) - 653,108 189,901 Changes in non-cash operating working capital: Accounts receivable (34,095) 106,203 Prepaid expenses 48,153 433 Accounts payable and accrued liabilities (29,704) (18,333) Unearned revenue 31,061 338,168 668,523 616,372 Capital activities: Acquisition of tangible capital assets (222,687) (22,149) Investing activities: Change in investments (1,079,047) (915,331) Repayment of financing lease receivable 524,011 506,013 (555,036) (409,318) Increase (decrease) in cash (109,200) 184,905 Cash, beginning of year 386,932 202,027 Cash, end of year $ 277,732 $ 386,932 See accompanying notes to financial statements. 4