Financial statements, March 31, 2014

6. Statement of cash flows

Cash flows (in thousands of dollars), 2014 and 2013
  2014 $ 2013 $
Operating activities
Net results for the year 31,518 (19,680)
Items not affecting use of cash
Amortization [note 4] 2,603 2,474
Provision for employee severance benefits (6,340) 789
Gain on disposal of capital assets (137) (31)
Sub-total 27, 644 (16,448)
Changes in non-cash working capital
Cash in transit (231) (262)
Accounts receivable (2,138) (1,158)
Other assets (118) (66)
Accounts payable and accrued liabilities (458) 612
Salaries payable (15,400) 16,416
Vacation, overtime and compensatory leave payable (862) 178
Deferred revenue 477 (1)
Net financial resources provided by (used in) operating transactions 8,914 (729)
Investing activities
Acquisition of capital assets (2,374) (4,180)
Net financial resources used in investing activities (2,374) (4,180)
Net financial resources provided by (used in) and change in the accumulated net charge against the Fund's authority during the year 6,540 (4,909)
Accumulated net charge against the Fund's authority, beginning of year 29,070 33,979
Accumulated net charge against the Fund's authority, end of year 35,610 29,070

The accompanying notes are an integral part of the financial statements.