|
ROHL NETWORKS LIMITED PARTNERSHIP
<br /> STATEMENTS OF CASH FLOWS
<br /> (SEE INDEPENDENT ACCOUNTANT'S REVIEW REPORT)
<br /> FOR THE YEARS ENDED OCTOBER 31,
<br /> 2013 2012
<br /> CASH FLOWS FROM OPERATING ACTIVITIES:
<br /> Net(loss)income $ (1,638,835) $ 499,625
<br /> Adjustments to reconcile net(loss)income to net cash
<br /> (used in)provided by operating activities:
<br /> Depreciation and amortization 97,971 62,196
<br /> Inventory writedown 75,000 111,103
<br /> Changes in operating assets and liabilities:
<br /> Decrease(increase)in:
<br /> Contracts receivable including retainage 1,107,176 1,550,783
<br /> Costs and estimated earnings in excess of
<br /> billings on uncompleted contracts 21,388 (118,105)
<br /> Inventories 578,200 (1,211,619)
<br /> Prepaid expenses and other assets 14,538 1,990
<br /> Increase(decrease)in:
<br /> Accounts payable and accrued expenses (114,631) (461,045)
<br /> Billings in excess of costs and estimated
<br /> earnings on uncompleted contracts (427,461) 652,109
<br /> TOTAL ADJUSTMENTS 1,352,181 587,412
<br /> NET CASH(USED IN)PROVIDED BY OPERATING ACTIVITIES (286,654) 1,087,037
<br /> CASH FLOWS FROM INVESTING ACTIVITIES:
<br /> Other assets (6,625) 18,638
<br /> Purchases of property and equipment (47,512) (10,044)
<br /> NET CASH(USED IN)PROVIDED BY INVESTING ACTIVITIES (54,137) 8,594
<br /> CASH FLOWS FROM FINANCING ACTIVITIES:
<br /> Borrowings from partner 500,000 200,000
<br /> Distributions (244,069) (1,686,390)
<br /> Repayments on notes payable (68,759) (47,526)
<br /> NET CASH PROVIDED BY(USED IN)FINANCING ACTIVITIES 187,172 (1,533,916)
<br /> NET DECREASE IN CASH AND CASH EQUIVALENTS (153,619) (438,285)
<br /> CASH AND CASH EQUIVALENTS-BEGINNING 200,537 638,822
<br /> CASH AND CASH EQUIVALENTS-ENDING $ 46,918 $ 200,537
<br /> SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
<br /> Cash paid during the year for interest $ 20,538 $ 14,270
<br /> • SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:
<br /> Purchases of property and equipment with notes payable $ 84,113 $ 188,955
<br /> Note receivable from partner netted against due to partner $ - $ 81,940
<br /> The accompanying notes are an integral part of these financial statements.
<br /> -4-
<br />
|