Financial statements, March 31, 2015

6. Statement of cash flow

Cash flow (in thousands of dollars), 2015 and 2014
  2015 $ 2014 $
Operating activities
Net results for the year 29,882 31,518
Items not affecting use of cash
Amortization of capital assets 2,603 2,603
Provision for employee severance benefits (67) 1,027
Loss (gain) on disposal of capital assets 264 (137)
Sub-total 32,682 35,011
Payment of employee severance benefits (2,523) (7,367)
Transition payments for implementing salary payments in arrears (1,093) -
Changes in non-cash working capital items
Cash in transit (313) (231)
Accounts receivable 904 (2,138)
Other assets 109 (118)
Accounts payable and accrued liabilities 571 (458)
Salaries payable 497 (15,400)
Vacation, overtime and compensatory leave payable (44) (862)
Deferred revenue 227 477
Net financial resources provided by operating activities 31,017 8,914
Investing activities
Acquisition of capital assets (3,343) (2,374)
Net financial resources used in investing activities (3,343) (2,374)
Net financial resources provided by (used in) and change in the accumulated net charge against the Fund's authority during the year 27,674 6,540
Accumulated net charge against the Fund's authority, beginning of year 35,610 29,070
Accumulated net charge against the Fund's authority, end of year 63,284 35,610

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