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<br />accountants & advisors
<br />
<br />DEVELOPMENT COUNSELLORS INTERNATIONAL, LTD,
<br />(AN S CORPORATION)
<br />
<br />
<br />STATEMENTS OF CASH FLOWS
<br />
<br />FOR THE YEARS ENDED DECEMBER 31,
<br />
<br />
<br />Cash Flows From Operating Activities:
<br />Net income
<br />Adjustments to reconcile net income
<br />to net cash provided by operating activities:
<br />Depreciation and amortization
<br />Deferred income taxes
<br />Deferred rent
<br />Change in operating assets and liabilities:
<br />Accounts receivable
<br />Work in progress
<br />Loans and exchanges
<br />Prepaid expenses
<br />Accounts payable
<br />Deferred income
<br />Accrued pension payable
<br />Income'taxes payable
<br />Net cash (used in) provided by operating activities
<br />
<br />$
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<br />
<br />Cash Flows From Investing Activities:
<br />Additions to property and equipment
<br />Security deposits
<br />Investments
<br />Net cash provided by (used in) investing activities
<br />
<br />Cash Flows From Financing Activities:
<br />Loans payable
<br />Distributions
<br />Officers' loan payable
<br />
<br />Net cash (used in) provided by financing activities
<br />
<br />Net decrease in cash and cash equivalents
<br />
<br />Cash, beginning of year
<br />
<br />Cash, end of year
<br />
<br />$
<br />
<br />Supplemental Disclosure for Cash Flow Information:
<br />Cash paid during the year for:
<br />I ncome taxes
<br />Interest
<br />
<br />$
<br />$
<br />
<br />2008
<br />
<br />195,834
<br />
<br />109,252
<br />8,716
<br />o
<br />
<br />(185,730)
<br />(42,897)
<br />(15,641)
<br />(141,985)
<br />68,779
<br />o
<br />(9,096)
<br />(24,070)
<br />(36,838)
<br />
<br />45,170
<br />139,005
<br />o
<br />184,175
<br />
<br />48,497
<br />(185,483)
<br />o
<br />
<br />(136,986)
<br />
<br />10,351
<br />
<br />18,448
<br />
<br />28,799
<br />
<br />37,060
<br />35,677
<br />
<br />See accountant's review report and notes to financial statements.
<br />
<br />2007
<br />
<br />$
<br />
<br />337,710
<br />
<br />74,722
<br />(7,258)
<br />o
<br />
<br />(176,604)
<br />(50,214)
<br />4,586
<br />398,745
<br />237,935
<br />o
<br />11,386
<br />25,843
<br />856,851
<br />
<br />(790,553)
<br />(360,409)
<br />(53)
<br />(1,151,015)
<br />
<br />468,458
<br />o
<br />(155,980)
<br />
<br />312,478
<br />
<br />18,314
<br />
<br />134
<br />
<br />$
<br />
<br />18 ,448
<br />
<br />$
<br />$
<br />
<br />13,991
<br />30,920
<br />
<br />.. -'"..' -- .-:.. ......:--..--- -- .
<br />.. . .
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