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RUBICON MINERALS CORP - 20-F - 20040506 - CASH_FLOW
RUBICON MINERALS CORPORATION
Consolidated Statements of Cash
Flows
(Stated in Canadian Dollars)
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For the years ended December 31,
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2003
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2002
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2001
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Cash Provided by
(Used for):
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Operating
Activities
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Net loss for the year
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$
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(2,312,394)
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$
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(1,102,112)
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$
(2,770,590)
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Adjustment for items
which do not involve cash:
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Gain on
sale of investments
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(19,703)
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-
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-
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Stock-based compensation
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556,046
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145,355
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-
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Amortization
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12,543
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9,895
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8,122
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Write-down of investments
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-
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-
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4,184
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Write-off of deferred
property costs
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432,915
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171,358
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2,401,336
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(1,330,593)
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(775,504)
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(356,948)
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Changes in non-cash
working capital components:
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Prepaid
expenses
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(14,948)
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1,407
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(2,509)
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Amounts
receivable
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(768,668)
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(63,598)
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35,790
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Accounts payable and
accrued liabilities
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124,458
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419,547
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(12,480)
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(1,989,751)
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(418,148)
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(336,147)
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Investing
Activities
*
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Deferred property
costs
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(9,728,862)
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(7,936,059)
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(1,993,361)
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Purchase of equipment
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(17,692)
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(21,334)
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(3,007)
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Purchase of investment
(note 5)
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(300,000)
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-
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-
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Cash acquired in capital transaction
(note 5)
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714,031
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-
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-
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(9,332,523)
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(7,957,393)
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(1,996,368)
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Financing
Activities
*
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Common shares issued
for cash
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1717,700,909
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6,071,814
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1,334,750
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Share issue costs
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(1,238,338)
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(272,716)
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(140,808)
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Proceeds on sale of
investments
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33,737
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-
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-
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Recovery of property
costs incurred
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4,677,732
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2,558,828
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1,002,978
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Management and administration fees
received
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290,342
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168,895
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79,031
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21,464,382
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8,526,821
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2,275,951
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Net cash provided
(used) during the year
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10,142,108
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151,280
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(56,564)
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Cash and cash equivalents,
beginning of year
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1,159,966
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1,008,686
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1,065,250
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Cash and cash equivalents, end of
year
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$
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11,302,074
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$
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1,159,966
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$ 1,008,686
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