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<br />accountants & advisors
<br />
<br />DEVELOPMENT COUNSELLORS INTERNATIONAL, LTD.
<br />(AN S CORPORATION)
<br />
<br />STATEMENTS OF CASH FLOWS
<br />
<br />FOR THE YEARS ENDED DECEMBER 31,
<br />
<br />
<br />Cash Flows From Operating Activities:
<br />Net (loss) income
<br />Adjustments to reconcile net (loss) 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 />I ncome' taxes payable
<br />Net cash used in operating activities
<br />
<br />$
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<br />Cash Flows From Investing Activities:
<br />Additions to property and equipment
<br />Security deposits
<br />Investments
<br />Net cash provided by investing activities
<br />
<br />
<br />Cash Flows From Financing Activities:
<br />Loans payable
<br />D istrib utions
<br />Officers' loan payable
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<br />Net cash used in financing activities
<br />
<br />Net (decrease) increase 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 />Income taxes
<br />Interest
<br />
<br />$
<br />$
<br />
<br />2009
<br />
<br />(35,255)
<br />
<br />79,165
<br />8,605
<br />o
<br />
<br />233,501
<br />(15,116)
<br />(6,849)
<br />27,252
<br />(269,965)
<br />50,000
<br />(46,977)
<br />(24,599)
<br />(238 )
<br />
<br />o
<br />6,060
<br />o
<br />6,060
<br />
<br />(8,148)
<br />o
<br />o
<br />
<br />(8,148)
<br />(2,326)
<br />
<br />28,799
<br />
<br />26,473
<br />
<br />2,250
<br />54,963
<br />
<br />See accountant's report and notes to financial statements.
<br />
<br />2008
<br />
<br />$
<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 />10,351
<br />
<br />18,448
<br />
<br />$
<br />
<br />28,799
<br />
<br />$
<br />$
<br />
<br />37,060
<br />35,677
<br />
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