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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended
--- | ---
Aug. 31, 2015 | Aug. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |
Net income for the year |  | $ 1,773,971 |  | $ 1,858,453
Items not affecting cash: |  |  |  |
Depreciation and amortization |  | 281,762 |  | 276,340
Gain on sale of property, plant and equipment |  |  |  | (3,546)
Deferred income taxes |  | (26,672) |  | 10,579
Interest income on litigation |  | (26,716) |  | (26,716)
Changes in non-cash working capital items: |  |  |  |
Decrease (increase) in accounts receivable |  | (1,245,319) |  | 901,849
Decrease in note receivable |  | 13,690 |  |
Decrease (increase) in inventory |  | 802,554 |  | (633,138)
Decrease (increase) in prepaid expenses |  | 43,074 |  | (174,924)
Decrease (increase) in prepaid income taxes |  | 519,777 |  | (275,924)
Increase (decrease) in accounts payable and accrued liabilities |  | 694,558 |  | (1,550,585)
Net cash provided by operating activities |  | 2,830,679 |  | 382,388
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |
Proceeds on sale of property, plant and equipment |  |  |  | 4,800
Purchase of property, plant and equipment |  | (293,380) |  | (110,325)
Net cash used in investing activities |  | (293,380) |  | (105,525)
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |
Redemption of common stock |  | (2,448,542) |  | (4,257,768)
Net cash used in financing activities |  | (2,448,542) |  | (4,257,768)
Net increase (decrease) in cash |  | 88,757 |  | (3,980,905)
Cash, beginning of year |  | 4,327,540 | [1] | 8,308,445
Cash, end of year | [1] | $ 4,416,297 |  | $ 4,327,540
[1] | Note 16, Supplemental disclosure with respect to cash flows

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