For the year ended March 31
| (in thousands of dollars) |
2004 |
2003 |
|---|---|---|
| Cash flows from operating activities | ||
| Income from continuing operations | $ 4 | $ 3 |
| Adjustments to
reconcile net income to funds provided by operating activities: |
||
| Amortization | 787 | 920 |
| Net change in accounts receivables, payable and accrued liabilities | 892 | (436) |
| Cash flows from operating activities of discontinued operations | - | 10,608 |
| Cash flows from operating activities | $ 1,683 | $ 11,095 |
| Cash flows from financing activities | ||
| Repayments to the Province re: OMIC loans | (5) | (9) |
| Repayments from holders of OMIC loans | 5 | 9 |
| Cash flows from financing activities of discontinued operations | - | (370,242) |
| Cash flows from/(used in) financing activities | $ - | $ (370,242) |
| Cash flows from investing activities | ||
| Purchase of capital assets | (1,678) | (485) |
| Cash flows from investing activities of discontinued operations | - | 337,901 |
| Cash flows (used in)/from investing activities | $ (1,678) | $ 337,416 |
| Net increase (decrease) in cash | 5 | $ (21,731) |
| Cash at beginning of the year | 136 | 21,867 |
| Cash at end of the year | $ 141 | $ 136 |
see accompanying notes to financial statements.