Royal Ontario Museum Annual Report 2007/2008

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stateMent of casH flows
year ended March 31
2008 2007
$ [000’s] $
Operating Activities
Excess (deficiency) of revenues over expenses for the year
Add (deduct) non-cash items
8,277 (5,306)
Amortization of capital assets 8,767 3,685
Amortization of deferred capital contributions (8,479) (3,421)
Deferred capital contributions recognized as other revenue (1,326) (622)
Changes in non-cash working capital balances related to operations
7,239 (5,664)
Due from the Province of Ontario (12,100) —
Due from The Royal Ontario Museum Foundation (730) (234)
Other accounts receivable 353 (967)
Inventories (19) (21)
Deferred exhibition costs and other assets (572) (931)
Accounts payable and accrued liabilities 1,021 2,542
Deferred contributions 232 216
Net change in deferred pension costs (2,657) (2,190)
Net change in accrued non-pension liability 461 435
Cash used in operating activities (6,772) (6,814)
Investing and Financing Activities
Purchase of capital assets, net of increase in other accounts receivable, and
accounts payable and accrued liabilities related to construction in progress (52,959) (53,287)
Advances on long-term debt 29,904 17,991
Increase (decrease) in bank indebtedness (2,202) 2,482
Decrease in other assets 1,090 273
Contributions received for capital asset purchases 30,939 39,355
Cash provided by investing and financing activities 6,772 6,814
Net change in cash during the year — —
Cash, beginning of year — —
Cash, end of year — —
See accompanying notes
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