|
|
|
|
|
|
 |
| As
at December 31, 2002 |
| |
2002
|
2001
|
| |
|
(Restated-Note
2)
|
|
|
| |
$
|
$
|
| |
|
|
 |
|
|
| Change
in net financial resources |
18,441,406
|
(69,697,354)
|
|
|
| |
|
|
| Assumption
of social housing obligations, |
-
|
88,471,661
|
| which
does not involve cash |
|
|
| Uses: |
|
|
| Increase
in accounts receivable |
-
|
(16,954,282)
|
| Decrease
in accounts payable and other liabilities |
(2,106,417)
|
-
|
| Decrease
in accrued interest on long-term liabilities |
-
|
(86,206)
|
|
|
| |
(2,106,417)
|
(17,040,488)
|
|
|
| Sources: |
|
|
| Decrease
in accounts receivable |
6,489,087
|
-
|
| Increase
in accounts payable and other liabilities |
-
|
6,387,587
|
| Increase
in accrued interest on long-term liabilities |
319,076
|
-
|
| Increase
in employee benefit obligations |
2,965,579
|
16,172,497
|
| Increase
in deferred revenue-obligatory reserve funds |
45,054,853
|
16,380,373
|
|
|
| |
54,828,595
|
38,940,457
|
|
|
| |
|
|
| Net
increase in cash from operations |
71,163,584
|
40,674,276
|
|
|
| |
|
|
 |
|
|
| Decrease/(Increase)
in investments |
38,219,640
|
(40,960,013)
|
|
|
| |
|
|
 |
|
|
| Long-term
debt issued |
53,236,798
|
30,665,484
|
| Long-term
debt repaid |
(48,261,640)
|
(66,980,554)
|
| Interest
earned on own sinking funds |
(113,209)
|
(419,299)
|
|
|
| Net
increase/(decrease) in cash and cash equivalents from financing |
4,861,949
|
(36,734,369)
|
|
|
| |
|
|
| Net
change in cash and cash equivalents |
114,245,173
|
(37,020,106)
|
| |
|
|
| Opening
cash and cash equivalents |
692,205,824
|
729,225,930
|
|
|
| |
|
|
|
|
| Closing
cash and cash equivalents |
806,450,997
|
692,205,824
|
|
|
| The
accompanying notes are an integral part of these Consolidated Financial
Statements. |
|
|
|
|
|
 |
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