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Audited Financial Report for Fiscal Year Ending
30 June 2001 (Statement of Cash Flows)
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INTERNET
CORPORATION
FOR ASSIGNED NAMES AND NUMBERS
Statements of Cash Flows
Years ended June 30, 2001 and 2000
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2001 |
2000 |
Cash flows from operating
activities: |
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Change
in net assets
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$1,589,242 |
2,210,833 |
Adjustments
to reconcile change in net assets to net cash provided by (used
in) operating activities:
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Depreciation
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105,059 |
27,882 |
Changes
in operating assets and liabilities:
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Accounts
receivable
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(812,351) |
(1,978,375) |
Grants
and contributions receivable
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100,000 |
(100,000) |
Other
assets |
(26,762) |
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Accounts
payable and accrued liabilities
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340,308 |
(548,963) |
Deferred
revenue
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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 |
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Proceeds
from issuance of notes payable |
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1,025,000 |
Proceeds from issuance of loan payable |
43,700 |
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Principal payments on notes payable |
(150,000) |
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Net
cash provided by (used in) financing activities |
(106,300) |
1,025,000 |
Net
increase in cash and cash equivalents
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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 |
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See accompanying notes
to financial statements. |
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Page Updated
01-Feb-2002
© 2002 The Internet Corporation for
Assigned Names and Numbers. All
rights reserved.
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