AR 2001 Layout_Final - Royal Ontario Museum
AR 2001 Layout_Final - Royal Ontario Museum
AR 2001 Layout_Final - Royal Ontario Museum
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<strong>Royal</strong> <strong>Ontario</strong> <strong>Museum</strong><br />
Statement of Cash Flows Year Ended June 30<br />
2002 <strong>2001</strong><br />
(in thousands of dollars)<br />
OPERATING ACTIVITIES<br />
Excess of revenues over expenses for the year 398 27<br />
Add (deduct) non-cash items<br />
Pension income (expense) 81 (638)<br />
Amortization of capital assets 11,953 4,169<br />
Amortization of deferred capital contributions (11,705) (4,022)<br />
727 (464)<br />
Changes in non-cash working capital balances related to operations<br />
Due from The <strong>Royal</strong> <strong>Ontario</strong> <strong>Museum</strong> Foundation 2,150 (210)<br />
Other accounts receivable 137 179<br />
Inventories 71 39<br />
Deferred exhibition costs and other assets (614) (263)<br />
Accounts payable and accrued liabilities 705 (656)<br />
Deferred revenue 1,074 288<br />
(777) (623)<br />
Cash used in operating activities (50) (1,087)<br />
INVESTING AND FINANCING ACTIVITIES<br />
Purchase of capital assets (3,947) (2,610)<br />
Sale (purchase) of investments, net 1,331 (1,007)<br />
Decrease in other assets 19 21<br />
Restricted contributions received for land purchases 931<br />
Contributions received for capital asset purchases 2,948 2,375<br />
Cash provided by (used in) investing and financing activities 1,282 (1,221)<br />
Net increase (decrease) in cash and short-term investments during the year 1,232 (2,308)<br />
Cash and short-term investments, beginning of year 5 2,313<br />
Cash and short-term investments, end of year 1,237 5<br />
(See accompanying notes)<br />
46
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