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create horizontal Analyses for the given cash flow statement A&W Revenue Royalties Income Fund Consolidated Statements of Cash Flows Amounts in thousands of dollars 2021

create horizontal Analyses for the given cash flow statement

A&W Revenue Royalties Income Fund Consolidated Statements of Cash Flows Amounts in thousands of dollars 2021 2020 2019 2018 Cash Provided by: OPERATING ACTIVITIES Net income and comprehensive income for the year adjustments for: 37,854 28,374 32,558 31,575 unrealized (gain) loss on interest rate swaps (2,249) 1,362 173 (329) amortization of financing fees 44 34 33 33 interest expense 2,514 2,177 2,267 2,568 Deferred income tax expense (recovery) 1,914 (71) (28) 1,268 refundable income tax provision (1,090) 310 407 (1,284) current income tax provision 7,277 7,242 8,269 6,346 net charges in items non-cash working capital 159 (35) 38 (597) interest paid (2,520) (1,933) (2,195) (2,685) income taxes paid (9,790) (7,051) (6,411) (6,729) NET CASH PROVIDED BY OPERATING ACTIVITIES 34,113 30,409 35,111 30,166 FINANCING ACTIVITIES Financing fees paid (176) dividends paid to non-controlling interest (6,258) (6,811) (7,828) (7,316) distributions pait to Unitholders (26,163) (22,180) (24,691) (20,846) NET CASH USED IN FINANCING ACTIVITIES (32,597) (28,991) (32,519) (28,162) Increase in cash and cash equivalents during the year 1,516 1,418 2,592 2,004 Cash and cash equivalents - beginning of year 8,548 7,130 4,538 2,534 Cash and cash equivalents - end of year 10,064 8,548 7,130 4,538

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