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## CONSOLIDATED STATEMENTS OF CASH FLOWS 

<img src='content_image/288558.jpg'>

See accompanying notes 

The non-cash transaction described in note 10(b) has been excluded from the statement of cash flows. 

Cash and cash equivalents are comprised of $137,150 (2011 – $334,681) on deposit with financial institutions and $135,956 (2011 – $257,578) held in money market mutual funds. 

