- We protect over 150,000 people across North America
- Over 20 years experience in the industry
- One of the few alarm companies to manufacture our own technology
- You deal directly with AlarmForce at all times
- Lowest prices and best value in the business
Finacial Information
Consolidated Statement of Cash Flows For the years ended Oct. 31, 2006 and Oct. 31 2005
| 2006 | 2005 | |
| $ | $ | |
| Operating activities | ||
| Net income for the year | 1,492,336 | 810,214 |
| Items not involving cash: | ||
| Amortization: | ||
| Property, plant and equipment | 1,821,279 | 2,185,597 |
| Deferred charges | 9,591 | 9,591 |
| Intangible assets | 754,173 | 752,577 |
| Future income taxes | (66,000) | (605,767) |
| Stock compensation | 29,480 | 54,747 |
| 4,040,859 | 3,206,959 | |
| Changes in non-cash components of working capital: | ||
| Accounts receivable | (30,269) | 167,736 |
| Inventory | (469,413) | (519,364) |
| Prepaid expenses and deposits | (77) | 10,929 |
| Accounts payable and accrued liabilities | 586,331 | 159,398 |
| Unearned revenue | 135,440 | (14,822) |
| Income taxes | 200,878 | 181,551 |
| Deferred Revenue | 481,485 | 326,400 |
| 904,373 | 311,828 | |
| 4,945,232 | 3,518,787 | |
| Investing activities | ||
| Additions to property, plant and equipment | (4,633,796) | (2,616,996) |
| Additions to intangible assets | (150,000) | – |
| (4,783,796) | (2,616,996) | |
| Financing activities | ||
| Repayment of fixed rate term loan | (29,166) | – |
| Decrease in long-term debt | (660,492) | (1,270,880) |
| Proceeds from issue of share capital | 350,455 | 86,360 |
| (339,202) | (1,184,520) | |
| Change in cash and cash equivalents | (177,766) | (282,729) |
| Cash and cash equivalents, beginning of year | 4,087,074 | 4,369,803 |
| Cash and cash equivalents,end of year | $3,909,308 | $4,087,074 |
| Supplemental cash flow information: | ||
| Interest paid | $82,072 | $96,851 |
| Income taxes paid | $885,700 | $904,563 |
| Non–cash transaction: | ||
| Fixed rate term loan obtained to finance property | $1,000,000 | – |
See accompanying notes to financial statements.