The above statements should be read in conjunction with the entire interim consolidated financial statements and notes.
They will be available on the Investor Relations section of www.andrewpeller.com or at www.sedar.com.
ANDREW PELLER LIMITEDCondensed Consolidated Statements of Cash FlowsUnauditedThese financial statements have not been reviewed by our auditors-------------------------------------------------------------------------------------------------------------------------------------------------------- For the nine For the nine months ended months ended December 31, December 31, 2012 2011(in thousands of Canadian dollars) $ $----------------------------------------------------------------------------Cash provided by (used in)Operating activitiesNet earnings for the period 15,634 13,605Adjustments for: Loss (gain) on disposal of property and equipment (547) 158 Amortization of plant, equipment, and intangibles 5,953 5,796 Interest expense 3,866 4,201 Provision for income taxes 6,283 5,547 Revaluation of biological assets 295 563 Post-employment benefits (973) (647) Deferred income 1,819 - Net unrealized (gain) loss on derivative financial instruments (1,079) 296Interest paid (3,640) (4,043)Income taxes paid (3,201) (5,002) ------------------------------ 24,410 20,474Changes in non-cash working capital items related to operations (17,755) (19,779) ------------------------------ 6,655 695 ------------------------------Investing activitiesProceeds from disposal of property and equipment 514 -Purchase of property, equipment, and biological assets (11,266) (5,097)Purchases of intangibles - (1,039)Proceeds from disposal of a business 1,000 -Acquisition of businesses - (600) ------------------------------ (9,752) (6,736) ------------------------------Financing activitiesDecrease in bank indebtedness 4,789 9,946Issuance of long-term debt 6,500 50,263Repayment of long-term debt (4,280) (49,611)Deferred financing costs (155) (904)Dividends paid (3,757) (3,653) ------------------------------ 3,097 6,041 ------------------------------Increase (decrease) in cash during the period - -Cash, beginning of period - -Cash, end of period - - ------------------------------ ------------------------------
The above statements should be read in conjunction with the entire interim consolidated financial statements and notes.
They will be available on the Investor Relations section of www.andrewpeller.com or at www.sedar.com.
Contacts:
Andrew Peller Limited
Mr. Peter Patchet
CFO and EVP Human Resources
(905) 643-4131 Ext. 2210
peter.patchet@andrewpeller.com
www.andrewpeller.com
