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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 1,206,135 $ 908,730 $ 2,001,068 $ 1,572,935
Items not involving an outlay of cash:        
Depreciation and amortization 84,693 82,978 222,700 226,961
Loss (gain) on sale of property, plant and equipment     393 (5,600)
Deferred income tax expense (recovery) (2,378) (33,601) 2,162 (30,097)
Interest income on litigation       (6,661)
Decrease in litigation reserve       (84,010)
Changes in non-cash working capital items:        
(Increase) in accounts receivable (984,800) (597,843) (2,190,337) (694,191)
Decrease in inventory 832,580 213,122 15,354 1,053,681
Decrease in note receivable       1,310
Decrease (increase) in prepaid expenses 34,891 (271,860) 60,093 (61,249)
Decrease in prepaid income taxes 149,487 159,031 596 26,570
Increase in accounts payable and accrued liabilities 1,249,205 974,527 287,928 689,427
Increase in income taxes payable 317,074   317,074  
Net cash provided by operating activities 2,886,887 1,435,084 717,031 2,689,076
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of property, plant and equipment (33,351) (31,618) (368,365) (79,520)
Proceeds from sale of property, plant and equipment     3,480 5,600
Net cash used in investing activities (33,351) (31,618) (364,885) (73,920)
CASH FLOWS FROM FINANCING ACTIVITIES        
Redemption of common stock   (745,878)   (745,878)
Net cash used in financing activities   (745,878)   (745,878)
Net increase in cash 2,853,536 657,588 352,146 1,869,278
Cash, beginning of period     4,519,922 4,416,297
Cash, end of period [1] $ 4,872,068 $ 6,285,575 $ 4,872,068 $ 6,285,575
[1] Supplemental disclosure with respect to cash flows, note 15