24 An update on Grain Farmers of Ontario news and events Statement of Cash Flows For the year ended May 31, 2022 Schedule of 2020 Wheat Pool Operations and Distribution of Earnings to Producers For the year ended May 31, 2021 See notes to the financial statements. Pool B Pool C Pool E and F Hard Red Hard Red Soft Red and 2020 Crop Winter Spring Common Red Total Receipts from Producers: Tonnes 180 1,065 4,076 5,321 REVENUE Sales $ 56,041 $ 304,733 $ 1,132,400 $ 1,493,174 Hedging activity (net) (2,277) (13,462) (51,508) (67,247) 53,764 291,271 1,080,892 1,425,927 EXPENSES Inventory adjustment 0 0 714 714 Elevation 774 10,712 8,558 20,044 Inspection and treating 104 950 796 1,850 Interest and service charges 142 839 3,212 4,193 Storage 2,037 6,209 16,081 24,327 Other recovery 0 (365) (1,039) (1,404) Administration 1,108 6,552 25,069 32,729 4,165 24,897 53,391 82,453 EARNINGS DISTRIBUTED TO PRODUCERS $ 49,599 $ 266,374 $ 1,027,501 $ 1,343,474 EARNINGS ALLOCATED AS FOLLOWS: Initial plus interim payments $ 44,516 $ 234,377 $ 937,562 $ 1,216,455 Protein payments at delivery 2,703 17,409 0 20,112 Final payment 2,380 14,588 89,939 106,907 $ 49,599 $ 266,374 $ 1,027,501 $ 1,343,474 OPERATING ACTIVITIES Excess of revenues over expenses, unrestricted and internally-restricted operations $ 1,613,196 $ 1,491,338 Deficiency of revenues over expenses, wheat marketing fund 0 (261,051) Items not requiring an outlay of cash Amortization of capital assets 375,107 436,996 Gain on disposal of capital assets (22,935) 0 Change in non-cash working capital (note 8) 198,438 245,745 2,163,806 1,913,028 INVESTING ACTIVITIES Purchases of capital assets (116,824) (150,496) Change in investments (1,679,925) (2,249,265) Proceeds on disposal of capital assets 22,935 0 (1,773,814) (2,399,761) NET CHANGE IN CASH 389,992 (486,733) CASH, beginning of year 2,422,131 2,908,864 CASH, end of year $ 2,812,123 $ 2,422,131 2022 2021
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