FOR AGES GAR ANT FR ERES INC ST A TEMENTS OF C ASH FLOWS 3month period ended September 30 Y ears ended June 30 2006 2006 2005 restated restated OPER A TING A CTIVITIES Net earnings 815196 1082807 277769 Items not affecting cash Amortization of capital assets 176927 738523 734846 Gain on sale of capital assets 11513 4022 56887 Gain on sale of longterm investments 5837 F uture income taxes 11046 81550 17175 969564 1893021 972903 Changes in noncash operating working capital items Note 10 371850 566840 276857 597714 1326181 696046 INVESTING A CTIVITIES P roceeds from sale of longterm investments 44063 A dvances to the parent company and to a company under common control 204500 159027 116622 A cquisition of capital assets 13560 447387 527682 P roceeds from sale of capital assets 75000 4800 73500 143060 557551 570804 FINANCING A CTIVITIES Increase decrease in bank loan 2750000 1375000 R epayment of longterm debt 501193 247875 254417 A dvances from directors 556273 10198 9989 A dvances from a private trust fund 3476611 R epayment of advances from a company under common control 700000 Issuance of shares 1000000 R efundable taxes 38126 4004 2850 Dividends 1000000 98608 292729 340289 427722 NET V ARIA TION IN BANK O VERDR AFT 161925 428341 552964 BANK O VERDR AFT BEGINNING OF PERIOD 320136 748477 1301441 BANK O VERDR AFT END OF PERIOD 158211 320136 748477 A dditional information Note 10 F48