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Audited Financial
Report for Fiscal Year Ending 30 June 2001 (Statement of Cash Flows)
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NOTE: This statement of cash flows has been superseded by a corrected
version.
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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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|
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Change in net assets
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$1,604,635 |
2,210,833 |
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Adjustments to reconcile change in net assets
to net cash provided by (used in) operating activities:
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|
|
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Depreciation
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105,059 |
27,882 |
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Changes in operating assets
and liabilities:
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|
|
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Accounts
receivable
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(812,351) |
(1,978,375) |
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Grants and
contributions receivable
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100,000 |
(100,000) |
| Other assets
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(26,762) |
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Accounts
payable and accrued liabilities
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340,308 |
(548,963) |
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Deferred
revenue
|
208,845 |
215,686 |
| Net
cash provided by (used in) operating activities |
1,519,734 |
(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 |
28,307 |
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| Principal payments on notes payable |
(150,000) |
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| Net
cash provided by (used in) financing activities |
(121,693) |
1,025,000 |
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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
©2001, 2002 The Internet Corporation
for Assigned Names and Numbers. All
rights reserved.
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