| Jun'18 | Jun'17 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Earnings | ||||||
174,000 | 97,000 | |||||
Items not affecting cash: | ||||||
Depreciation and amortization | ||||||
36,000 | 27,000 | |||||
Deferred income tax | ||||||
28,000 | 12,000 | |||||
Loss on disposal of assets | ||||||
0 | -2,000 | |||||
Other items | ||||||
-5,000 | -10,000 | |||||
Cash flows from (used in) operations | ||||||
233,000 | 128,000 | |||||
Net change in non-cash operating working capital balances | ||||||
-19,000 | -2,000 | |||||
Net change in taxes receivable, taxes payable and investment tax credit receivable | ||||||
-2,000 | 14,000 | |||||
Cash flows from (used in) operating activities | ||||||
250,000 | 144,000 | |||||
Investing activities | ||||||
Investment in property, plant and equipment | ||||||
61,000 | 62,000 | |||||
Investment in intangible assets | ||||||
1,000 | 1,000 | |||||
Cash flows from (used in) investing activities | ||||||
-62,000 | -63,000 | |||||
Financing activities | ||||||
Common share dividends paid | ||||||
40,000 | 19,000 | |||||
Issue of common shares | ||||||
2,000 | 0 | |||||
Accounts receivable securitization repayments, net | ||||||
0 | 0 | |||||
Accounts receivable securitization repayments, net | ||||||
0 | -61,000 | |||||
Bank advances, net | ||||||
0 | 2,000 | |||||
Cash flows from (used in) financing activities | ||||||
-38,000 | -82,000 | |||||
Foreign exchange revaluation on cash and cash equivalents held | ||||||
-5,000 | 8,000 | |||||
Increase during period | ||||||
145,000 | 7,000 | |||||