MESSAGES YEARIN REVIEW RESULTS
AND OUTLOOK RESOURCES FINANCIAL
REPORTING GOVERNANCE PERFORMANCE About
Consolidated Statement of Cash Flows
| For the year ended March 31 | ||||
| (in thousands of Canadian dollars) |
2014 | 2013 (revised - NOTE 3A) |
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CASH FLOWS FROM (USED IN) |
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| OPERATING ACTIVITIES | ||||
| Net results for the year | (17,953) | (50,972) | ||
| Adjustments for: | ||||
| Loss (gain) on disposal of property and equipment | 4,004 | (11,891) | ||
| Financing income | (8,759) | (10,339) | ||
| Finance costs | 30,870 | 31,836 | ||
| Change in fair value of financial instruments designated as at fair value through profit and loss | (52) | (496) | ||
| Depreciation of property and equipment | 114,443 | 144,456 | ||
| Amortization of intangible assets | 8,560 | 17,010 | ||
| Depreciation of assets under finance lease | 8,384 | 8,103 | ||
| Gain on business divestitures | - | (7,185) | ||
| Share of profit in associate | (4,440) | (1,701) | ||
| Dilution gain | (1,040) | - | ||
| Change in deferred charges | (12,492) | (1,703) | ||
| Amortization of deferred capital funding (NOTE 23) | (111,280) | (151,366) | ||
| Change in deferred revenues [long-term] | 822 | 6,381 | ||
| Change in pension plans and employee-related liabilities [current] | 2,542 | 788 | ||
| Change in pension plans and employee-related liabilities [long-term] | 58,777 | 50,971 | ||
| Accretion of promissory notes receivable | (19) | (18) | ||
| Movements in working capital (NOTE 26) | (47,949) | (19,740) | ||
| 24,418 | 4,134 | |||
| FINANCING ACTIVITIES | ||||
| Repayment of obligations under finance leases | (11,024) | (10,033) | ||
| Repayment of bonds | (11,525) | (10,704) | ||
| Repayment of notes | (5,928) | (5,660) | ||
| Distributions to non-controlling interests | (226) | - | ||
| Interest paid | (30,203) | (31,992) | ||
| (58,906) | (58,389) | |||
| INVESTING ACTIVITIES | ||||
| Parliamentary appropriations for capital funding (NOTE 23) | 103,856 | 103,035 | ||
| Acquisition of property and equipment | (70,206) | (104,783) | ||
| Acquisition of intangible assets | (12,536) | (5,969) | ||
| Proceeds from disposal of property and equipment | 3,439 | 20,761 | ||
| Collection of promissory notes receivable | 2,126 | 1,981 | ||
| Collection of finance lease receivables | 2,253 | 2,101 | ||
| Proceeds from business divestitures | - | 10,588 | ||
| Dividends received | 7,098 | 4,419 | ||
| Interest received | 8,973 | 9,304 | ||
| 45,003 | 41,437 | |||
| Change in cash | 10,515 | (12,818) | ||
| Cash, beginning of the year | 51,459 | 64,277 | ||
| Cash, end of the year | 61,974 | 51,459 | ||
The accompanying notes form an integral part of the consolidated financial statements. |
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