23 ONTARIO GRAIN FARMER OCTOBER 2024 2024 2023 ASSETS Operating Activities Excess (deficiency) of revenues over expenses $249,835 $(476,272) Items not requiring an outlay of cash Amortization of capital assets 368,296 378,757 Unrealized gain on investments (335,837) (236,995) Gain on disposal of capital assets (50,714) 231,580 0 (334,510) Changes in non-cash working capital Accounts receivable (285,527) 9,305 Government remittances receivable (payable) 46,721 (1,008) Prepaid expenses (148,699) 178,471 Accounts payable and accrued liabilities 1,645,035 (210,428) Deferred revenue (2,666) (14,662) 1,254,864 1,486,444 (38,322) (372,832) Investing Activities Purchases of capital assets (392,104) (47,384) Net purchase of investments (721,839) (945,539) Proceeds on disposal of capital assets 50,714 (1,063,229) 0 (992,923) NET CHANGE IN CASH 423,215 (1,365,755) CASH, beginning of year CASH, end of year 1,446,368 $1,869,583 2,812,123 $1,446,368 See notes to the financial statements. Statement of Cash Flows For the year ended May 31, 2024
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