Milestones 2019 2019 | Page 25

STATEMENT OF CASH FLOWS DECEMBER 31, 2018 2018 ACTUAL 2017 ACTUAL $11,852,708 ($873,846) Amortization of tangible capital assets 6,986,533 6,756,404 (Gain) loss on disposal of tangible capital assets (157,415) 45,755 Net cash inflow (outflow) related to following: OPERATING ACTIVITIES Annual surplus Non-cash items included in annual surplus: Net change in non-cash operating working capital balances: Decrease (increase) in taxes and grants in place Decrease (increase) in trade and other receivables (55,329) 19,805 (1,044,829) (110,206) Decrease (increase) in long-term receivables 160,963 214,070 Decrease (increase) in debt changes recoverable 234,778 (2,434,783) (3,697) (8,063) Decrease (increase) in prepaid expenses Decrease (increase) in inventory for consumption (450,469) 181,729 Increase (decrease) in accounts payable and accrued liabilities 1,720,041 (332,700) Increase (decrease) in deposit liabilities (12,987) 16,535 (13,958,425) (2,455,270) (71,501) 31,087 Increase (decrease) in reclamation liabilities – (73,400) Increase in environmental liabilities – 338,210 5,200,371 1,265,327 (20,818,429) (6,769,692) 157,415 122,059 (20,661,014) (6,647,633) Long-term debt issued – 2,600,000 Long-term debt repaid (497,178) (397,782) Cash provided by (applied to) financing transactions (497,178) 2,202,219 Decrease (increase) in investments 5,225,170 19,489,933 Cash provided by (applied to) investing transactions 5,225,170 19,489,933 (10,732,651) 16,309,846 21,305,963 4,996,117 $10,573,312 $21,305,963 Increase (decrease) in deferred revenue Increase (decrease) in employee benefit obligations Cash provided by operating transactions: CAPITAL ACTIVITIES Purchase of tangible capital assets Proceeds on disposal of tangible capital assets Cash applied to capital transactions FINANCING ACTIVITIES INVESTING ACTIVITIES CHANGE IN CASH DURING THE YEAR CASH AT BEGINNING OF YEAR CASH AT END OF YEAR 25