Statement of Cash Flows

(In thousands of dollars)
Year ended December 31, 2018, with comparative information for 2017

	2018	2017

Cash provided by (used in):
Operating activities:
Excess (deficiency) of revenue over expenditures	$ (346)	$ 700
Amortization which does not involve cash	2,217	2,329
Change in non-cash operating working capital:
Accounts receivable	43	89
Deposits and prepaid expenses	(17)	77
Accounts payable and accrued liabilities	(608)	142
Deferred revenue	112	16
Deferred salaries	265	239

	1,666	3,592
Financing activities:
Repayment of mortgage principal	(719)	(679)
Investing activities:
Purchases of investments	(8,080)	(9,568)
Proceeds from redemption of investments	6,573	10,000
Purchase of capital assets	(1,791)	(1,641)

	(3,298)	(1,209)

Increase (decrease) in cash	(2,351)	1,704
Cash, beginning of year	6,067	4,363

Cash, end of year	$ 3,716	$ 6,067