FOR AGE ORBIT INC CONSOLID A TED ST A TEMENTS OF C ASH FLOWS Y ears ended January 31 2007 and 2006 2007 2006 OPER A TING A CTIVITIES Net earnings 6138526 1429570 Items not affecting cash Gain on sale of longterm investments 47036 25165 Amortization of capital assets 1042417 830818 L oss on sale of capital assets 3 7 8 10037 F uture income taxes 75692 14615 Share of net earnings of company subject to significant influence 64802 24459 Noncontrolling interest 132692 7012483 2235416 Changes in noncash operating working capital items Note 11 3363394 349175 3649089 1886241 INVESTING A CTIVITIES V ariation of advances to a company subject to significant influence 50000 50000 V ariation of advances to private companies 30250 130250 V ariation of advances to the parent company 142523 62400 V ariation of a loan to an individual 11109 3206 A cquisition of longterm investments 94175 260000 P roceeds from sale of longterm investments 236323 44314 A cquisition of capital assets 2955782 1544587 P roceeds from sale of capital assets 62870 11280 Business acquisition net of cash acquired of 300 Note 2 499700 P roceeds from sale of investment in a company subject to significant influence 250000 3051628 1994849 FINANCING A CTIVITIES P roceeds from longterm debt 1000000 598211 R efundable taxes net 5452 R epayment of longterm debt 1148021 784235 R edemption of shares 53242 Dividends paid 351005 546816 186024 NET V ARIA TION OF CA SH AND CA SH EQUIV ALENTS 50645 294632 CA SH AND CA SH EQUIV ALENTS BEGINNING OF YEAR 49068 245564 CA SH AND CA SH EQUIV ALENTS END OF YEAR Note 11 1577 49068 A dditional information Note 11 F32