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34. The variance in actual receipts and disbursements is comprised primarily of the <br />following: <br />a) A positive variance of approximately $0.3 million in operating <br />disbursements. This variance is anticipated to be temporary in nature <br />and is expected to reverse as invoices are received by the Applicants; <br />and <br />b) A positive variance of approximately $0.4 million in <br />Restructuring/ Non - Recurring Disbursements relating to professional <br />fees. This variance is anticipated to be temporary in nature and is <br />expected to reverse as invoices are received by the Applicants. <br />F. THE APPLICANTS' CASH FLOW FORECAST <br />35. As further detailed in the Pre - Filing Report, the Applicants, with the assistance of <br />the Monitor, prepared the December 1 Cash Flow Forecast. The December 1 <br />Cash Flow Forecast shows a negative cash flow of approximately $3.2 million for <br />the period of December 1, 2014 to March 1, 2015. <br />36. It is anticipated that the Applicants' projected liquidity requirements through <br />March 1, 2015 during the CCAA Proceedings will be met by existing cash <br />available to the Applicants. <br />