ONTARIO GRAIN FARMER AUDITED FINANCIAL STATEMENTS 35 Statement of Cash Flows (Statement 3) For the year ended May 31, 2025 2025 2024 Operating Activities Excess of revenues over expenses $2,771,568 $249,835 Items not requiring an outlay of cash Amortization of tangible capital assets 329,800 368,296 Gain on disposal of tangible capital assets 0 3,101,368 (50,714) 567,417 Changes in non-cash working capital Accounts receivable 199,531 (285,527) Prepaid expenses 92,791 (148,699) Accounts payable and accrued liabilities (1,115,509) 1,645,035 Government remittances payable 18,635 46,721 Deferred revenue 1,943 (2,666) (802,609) 2,298,759 1,254,864 1,822,281 Investing Activities Purchases of tangible capital assets (110,961) (392,104) Net purchase of investments (1,111,344) (1,057,676) Proceeds on disposal of tangible capital assets 0 (1,222,305) 50,714 (1,399,066) NET CHANGE IN CASH 1,076,454 423,215 CASH, beginning of year CASH, end of year 1,869,583 $2,946,037 1,446,368 $1,869,583 See notes to the financial statements.
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