McGraw-Hill Ryerson Limited
STATEMENTS OF CHANGES IN EQUITY
(in thousands of dollars)
(unaudited)
Accumulated other Share Paid-in comprehensive Retained capital capital income earnings Total $ $ $ $ $----------------------------------------------------------------------------Balance, December 31, 2011 1,997 702 61 71,760 74,520Dividends paid ($0.285 per share) - - - (569) (569)Additional paid- in capital - 119 - - 119Net loss attributable to equity holders of the Company - - - (2,666) (2,666)----------------------------------------------------------------------------Balance, March 31, 2012 1,997 821 61 68,525 71,404------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Balance, December 31, 2012 1,997 1,081 (122) 39,561 42,517Dividends paid ($0.30 per share) - - - (598) (598)Additional paid- in capital - 184 - - 184Net loss attributable to equity holders of the Company - - - (1,763) (1,763)----------------------------------------------------------------------------Balance, March 31, 2013 1,997 1,265 (122) 37,200 40,340--------------------------------------------------------------------------------------------------------------------------------------------------------
McGraw-Hill Ryerson Limited
STATEMENTS OF CASH FLOWS
(in thousands of dollars)
(unaudited)
Three months ended March 31 2013 2012 $ $----------------------------------------------------------------------------Operating activitiesNet loss for the period (1,763) (2,666)Add (deduct) charges not affecting cash: Amortization - pre-publication costs 806 827 Depreciation - property, plant and equipment 201 216 Decrease in long-term payable (350) (44) Employee future benefits 30 (10) Deferred taxes 1,161 1,075Net change in non-cash working capital balances related to operations (3,737) (8,111)----------------------------------------------------------------------------Cash used in operating activities (3,652) (8,713)----------------------------------------------------------------------------Investing activitiesInvestment in pre-publication costs (741) (1,110)Investment in property, plant and equipment (44) (3)Increase in financial instruments (60) (39)----------------------------------------------------------------------------Cash used in investing activities (845) (1,152)----------------------------------------------------------------------------Financing activitiesDividends paid to shareholders (598) (569)Change in paid-in capital 184 119----------------------------------------------------------------------------Cash used in financing activities (414) (450)----------------------------------------------------------------------------Net decrease in cash and cash equivalents (4,911) (10,315)Cash and cash equivalents, beginning of period 15,146 41,926----------------------------------------------------------------------------Cash and cash equivalents, end of period 10,235 31,611--------------------------------------------------------------------------------------------------------------------------------------------------------
Contacts:
McGraw-Hill Ryerson Limited
Brenda Arseneault
Vice-President and Chief Financial Officer
(905) 430-5223
www.mcgrawhill.ca
