(a) Input check figures from Consolidated Statements of Cash Flows into the template. Be sure to input the amount for interest paid at the bottom of the page (no amount is needed for income taxes paid).

- numbers should add up to the numbers already in the template.

(b) Analyze teh statement of cash flows for Hydrogenics. Be sure to analyze teh cash flows from operating activities, as well as teh overall cash inflows and cash outflows for the firm.

Consolidated Statements of Cash Flows	2013	2012
Cash and cash eqivalents provided by (used in ): Operating activities
Net loss for the year	(8,908)	(12,797)
(Increase) decrease in restricted cash	1,758	(1,607)
Items not affecting cash:
Loss on disposal of assest	3	7
Amortization and depreciation	712	870
Other finace losses, net (note 17)	2,065	438
Unrealized foreign exchange (gains) losses	(120)	(257)
Stock-based compensation (note 13)	631	577
Portion of borrowings recorded as a reduction from research
and product development expenses or fixed assests (note 11)	(934)	(981)
Accreted non-cash interest (note 11)	349	288
Payment of post-retirement benefit liability (note 11)	(97)	(100)
Liabilities for compensation indexed to share price	4,223	768
Net change in non-cash working capital (note 25)	(8,879)	11,631
Cash used in operating activities	(9,197)	(1,163)
Investing activities
Proceeds from disposal of property, plant and equipment	-	26
Purchase of property, plant and equipment	(939)	(424)
Purchase of intangible assests	(32)	(2)
Cash used in investing activities	(971)	(400)
Financing activities
Payment of repayable government contributions (note 11)	(393)	(308)
Proceeds of borrowings, net of transaction costs (note 11)	1,782	1,621
Proceeds of operating borrowings	1,412	1,182
Repayment of operating borrowings	(1,412)	(1,182)
Common shares issued and warrants exercised, net of issuance costs
(note 12)	7,280	5,178
Cash provided by financing activities	8,669	6,491
Effect of exchange rate fluctuations on cash and cash equivalents held	302	307
Increase (decrease) in cash and cash equivalents during the year	(1,197)	5,235
Cash and cash equivalents - Beginning of year	13,020	7,785
Cash and cash equivalents - End of year	11,823	13,020
Supplemental disclosure
Income taxes paid
Interest paid	8	3

Note 25. Consolidated Statements of Cash Flows

Components of the net change in non-cash working capital are as follows:

Note 25	2013	2012
(Increase) decrease in current assests
Trade and other receivables	384	(1,632)
Grants receivable	17	108
Inventories	(973)	(2,678)
Prepaid expenses and other current assests	(64)	(289)
Increase (decrease) in current liabilities
Trade, other payables and provisions	(1,614)	984
Defferred revenue	(6,629)	15,138
Subtotal	(8,879)	11,631
Liabilities for compensation indexed to share price	4,223	768
	(4656)	12,399

Template	2013	2012
Cash flows from Operating activities
Income (loss) form continuing operations	(8,908)	(12,797)
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization
Stock-Based compensation
Restructuring and impairment charges
Increase (decrease) in provision for deferred income taxes
(Gain) loss on sales of investments, acquisitions, and securities
(Gain) loss on sales of property, plant, and equipment
Other non-cash items, net
Changes in assests and liabilities:
(Increase) decrease in receivables
(Increase) decrease in inventories
(Increase) decrease in other current assets
Increase (decrease) in accounts payable, accrued liabilities, and income taxes payable
Increase (decrease) in deferred liabilities
Other assests and liabilities, net
Net Cash provided by (used in) operating activities	(9,197)	(1,163)
Cash flows from investing activities:
Purchases of property, plant, and equipment
Sales of property, plant and equipment
Purchases of marketable securities and short-term investments
Acquisitions, net of cash acquired
Other investing activities, net
Net cash provided by (used in) investing activities	(971)	(400)
Cash flows from financing activities
Short-term borrowings, net
Proceeds from long-term borrowings
Payment of long-term borrowings
Proceeds from sales of common stock
Repurchase of common stock / treasury stock
Dividends to shareholders
Other financing activities, net
Net cash provided by (used in) financing activities	8,669	6,491
Net cash provided by (used for) discontinued operations
Effect of exchange rate changes on cash, net
Net increase (decrease) in cash and equivalents for period
Cash and equivalents, beginning of period
Cash and equivalents, end of period	11,823	13,020
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest
Income taxes (refunded)