| |
 |
Audited Financial Report for Fiscal Year Ending
30 June 2001 (Statement of Cash Flows)
|
|
INTERNET
CORPORATION
FOR ASSIGNED NAMES AND NUMBERS
Statements of Cash Flows
Years ended June 30, 2001 and 2000
|
| |
2001 |
2000 |
| Cash flows from operating
activities: |
|
|
|
Change
in net assets
|
$1,589,242 |
2,210,833 |
|
Adjustments
to reconcile change in net assets to net cash provided by (used
in) operating activities:
|
|
|
|
Depreciation
|
105,059 |
27,882 |
|
Changes
in operating assets and liabilities:
|
|
|
|
Accounts
receivable
|
(812,351) |
(1,978,375) |
|
Grants
and contributions receivable
|
100,000 |
(100,000) |
| Other
assets |
(26,762) |
|
|
Accounts
payable and accrued liabilities
|
340,308 |
(548,963) |
|
Deferred
revenue
|
208,845 |
215,686 |
| Net
cash provided by (used in) operating activities |
1,504,341 |
(172,937) |
| Cash flows used in investing
activities - purchases of property and equipment |
(303,419) |
(133,649) |
| Cash flows from financing
activities |
|
|
| Proceeds
from issuance of notes payable |
|
1,025,000 |
| Proceeds from issuance of loan payable |
43,700 |
|
| Principal payments on notes payable |
(150,000) |
|
| Net
cash provided by (used in) financing activities |
(106,300) |
1,025,000 |
|
Net
increase in cash and cash equivalents
|
1,094,622 |
718,414 |
| Cash and cash equivalents,
beginning of year |
780,330 |
61,916 |
| Cash and cash equivalents,
end of year |
$1,874,952 |
780,330 |
| Supplemental disclosure
of investing and financing activities - cash paid during the year
for interest |
$78,687 |
|
| See accompanying notes
to financial statements. |
|
|
Comments concerning
the layout, construction and functionality of this site
should be sent to [email protected].
Page Updated
01-Feb-2002
© 2002 The Internet Corporation for
Assigned Names and Numbers. All
rights reserved.
|