v3.3.1.900

CONSOLIDATED STATEMENTS OF CASH FLOWS	3 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Mar. 31, 2015 USD ($)
Cash flows generated by operating activities
Net income	$ 115,041
Non cash items
Amortization	5,926
Changes in operating assets and liabilities
Accounts receivable	(760)
Related party receivables	(56,033)
Prepaids	(348)
Accounts payable and accrued liabilities	(8,557)
Payroll liabilities	(6,344)
Other liabilities	(41,312)
Related party payables	30,979
Income taxes	53,267
Net cash provided by operating activities	91,859
Cash flows used in financing activities
Bank indebtedness	(89,688)
Net cash used in financing activities	(89,688)
Effects of foreign currency exchange	(132)
Net increase in cash	2,039
Cash, beginning	299
Cash, ending	2,338
Cash paid for:
Income tax	0
Interest	$ 0

The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

MEDICUS HOMECARE INC. 10-Q