Intermap Technologies corporation
Condensed Consolidated Interim Statements of Cash Flows
(In thousands of United States dollars)
(Unaudited)

For the Nine Months Ended September 30,

2014

2013

Cash flows provided by:

Operating activities:

Net loss for the period

$

(10,128)

$

(2,299)

Adjusted for the following non-cash items:

Depreciation of property and equipment

877

1,080

Amortization of data library

-

3,457

Amortization of intangible assets

84

89

Share-based compensation expense

346

341

Gain on disposal of equipment

(455)

(342)

Amortization of deferred lease inducements

(31)

(49)

Extinguishment of facility closure provision

-

(720)

Deferred taxes

(79)

-

Financing costs

853

487

Current income tax expense

-

58

Interest paid

(21)

(61)

Income tax paid

(6)

(39)

Changes in working capital:

Amounts receivable

3,214

732

Work in process and other assets

(40)

622

Accounts payable

(446)

(436)

Accrued liabilities

(300)

(556)

Unearned revenue and deposits

(20)

62

Gain on foreign currency translation

52

8

(6,100)

2,434

Investing activities:

Purchase of property and equipment

(561)

(463)

Proeecds from sale of equipment

357

112

(204)

(351)

Financing activities:

Proceeds from issuance of convertible note

5,000

-

Financing costs of convertible note

(93)

(6)

Proceeds from reimbursable project funding

88

-

Repayment of obligations under finance lease

(85)

(262)

Repayment of long-term debt and notes payable

(65)

(618)

4,845

(886)

Effect of foreign exchange on cash

-

(15)

(Decrease) increase in cash and cash equivalents

(1,459)

1,182

Cash and cash equivalents, beginning of period

2,420

2,055

Cash and cash equivalents, end of period

$

961

$

3,237