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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (12753)	10/9/1998 3:05:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Northline Energy Services Change In Financial Position Date: 10/8/98 12:08:16 PM ateline: CALGARY, ALBERTA Stock Symbol NES CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES Net income (loss) for the period $ (48,726) Adjustments for items not affecting cash: Depreciation 69,918 _______________ 21,192 Changes in non-cash working capital components: Acconts Receivable (22,651) Prepaid expenses (1,238) Accounts payable 6,066 Cash provided by operating activity 3,369 FINANCING ACTIVITIES Proceeds from bank loan 600,000 Issue of shares 672,900 Share issue costs (67,560) 1,205,340 INVESTING ACTIVITIES Purchase of capital assets (762,739) Deposits on equipment (172,145) (934,884) CASH, END OF THE PERIOD $ 273,825 ================