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OLKAWAHA FARMS , INC. <br /> STATEMENT OF CASH FLOWS <br /> FOR THE YEAR ENDED DECEMBER 31 , 2002 <br /> CASH FLOWS FROM OPERATING ACTIVITIES : <br /> Net loss $ (4672070) <br /> Adjustments to reconcile net income to net cash <br /> provided by operating activities - <br /> Depreciation 2892565 <br /> Change in operating assets and liabilities : <br /> Decrease in accounts receivable 334, 606 <br /> Decrease in interest receivable 125 , 490 <br /> Decrease in costs & estimated earnings 52044 <br /> Decrease in prepaid expenses 652661 <br /> Decrease in accounts payable ( 12, 793 ) <br /> Decrease in interest payable ( 105 , 041 ) <br /> Decrease in billing in excess of costs & estimated earnings ( 1484415 ) <br /> Net cash provided by operating activities 87 , 047 <br /> CASH FLOWS FROM INVESTING ACTIVITIES : <br /> Acquisition of property and equipment (40; 590) <br /> Sale of marketable securities 550, 040 <br /> Net cash used in investing activities 5092450 <br /> CASH FLOWS FROM FINANCING ACTIVITIES : <br /> Decrease in notes payable (218 , 738 ) <br /> Decrease in mortgage payable (90. 784) <br /> Net cash from financing activities _(309, 522) <br /> ' Net increase in cash 286, 975 <br /> CASH, beginning of year 1 , 6111228 <br /> CASH, end of year $ 1 . 898203 <br /> Supplemental disclosure : <br /> Interest paid $ 664 . 211 <br /> For purpose of the statement of cash flows, the Company considers all highly liquid debt <br /> instruments purchased with a maturity of three months or less to be cash equivalents. <br /> See Accountants' Review Report and accompanying notes to Financial statements <br /> F 7 <br />