THE CORPORATION OF THE
TOWN OF MARKHAM |
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Consolidated
Statement of Changes in Financial Position |
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Year ended December 31, 2007 |
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(All dollar amounts are in
$000) |
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Proposed |
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2007 |
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2006 |
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2006 |
2005 |
Comments |
OPERATING ACTIVITIES |
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Increase in Net Financial
Assets |
$
16,069 |
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$ 14,911 |
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15,508 |
16,393 |
Reflects actual from Consolidated statement of financial
activities |
Subtotal |
16,069 |
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14,911 |
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15,508 |
16,393 |
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Uses |
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Increase in taxes receivable |
- |
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- |
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Increase
in accounts receivable |
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(7,857) |
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(6,208) |
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Increase in unbilled user
charges |
(723) |
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- |
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Increase in other current
assets |
(5,881) |
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(69) |
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Decrease in accounts payable
and accrued liabilities |
- |
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(110) |
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Decrease in deferred revenue |
- |
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- |
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Subtotal |
(14,461) |
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(6,387) |
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(14,461) |
(6,387) |
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Sources |
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Decrease in unbilled user charges |
- |
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115 |
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Decrease in taxes receivables |
809 |
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2,698 |
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Decrease in other current assets |
- |
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- |
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Increase in accounts payable
and accrued liabilities |
16,508 |
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- |
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Increase in deferred revenue |
7,283 |
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18,769 |
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Increase in employee benefits
liabilities |
1,331 |
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1,420 |
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Subtotal |
25,931 |
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23,002 |
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25,931 |
23,002 |
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Net
Increase/(decrease) from operating activities |
27,539 |
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31,526 |
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26,978 |
33,008 |
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FINANCING |
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Long-term debt repayments |
- |
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- |
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Net decrease in cash from financing |
- |
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- |
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INVESTING ACTIVITIES |
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Dividend from Markham
Enterprises Corporation |
- |
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1,780 |
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Equity pick up in Markham
Enterprises Corporation |
- |
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(8,060) |
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Net Increase/(decrease) from
investing activities |
- |
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(6,280) |
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- |
(6,280) |
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NET CHANGE IN CASH AND CASH
EQUIVALENTS |
27,539 |
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25,246 |
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26,978 |
26,728 |
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OPENING CASH AND CASH
EQUIVALENTS |
291,687 |
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266,441 |
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####### |
266,441 |
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CLOSING CASH AND CASH
EQUIVALENTS |
$319,226 |
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$291,687 |
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####### |
293,169 |
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The
accompanying notes are an integral part of these consolidated financial
statements. |
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319,226 |
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(0) |
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