| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income (loss) for the year | ||||||
255,381 | 141,226 | |||||
Adjustment to reconcile net income (loss) for the year to net cash from operating activities | ||||||
Realized losses on redemptions and sales of gold bullion | ||||||
2,757 | 13,241 | |||||
Change in unrealized (gains) losses on gold bullion | ||||||
-268,523 | -164,576 | |||||
Net changes in operating assets and liabilities | ||||||
Increase in subscriptions receivable | ||||||
- | -4 | |||||
Increase (decrease) in accounts payable | ||||||
202 | -247 | |||||
Decrease in prepaid assets | ||||||
101 | 59 | |||||
Net cash used in operating activities | ||||||
-10,079 | -10,300 | |||||
Cash flows from investing activities | ||||||
Purchases of gold bullion | ||||||
6,649 | 31,366 | |||||
Sales of gold bullion | ||||||
7,441 | 2,249 | |||||
Net cash provided by (used in) investing activities | ||||||
792 | -29,116 | |||||
Cash flows from financing activities | ||||||
Bonus consideration on acquisition | ||||||
- | 2,056 | |||||
Proceeds from issuance of Units (note 7) | ||||||
8,057 | 40,896 | |||||
Payments on redemption of Units (note 7) | ||||||
897 | 355 | |||||
Underwriting commissions and issue expenses | ||||||
-19 | 365 | |||||
Net cash provided by (used in) financing activities | ||||||
7,179 | 42,231 | |||||
Net increase (decrease) in cash during the period | ||||||
-2,107 | 2,813 | |||||