2015-01-21_GENERAL DOCUMENTS - X201123201 ‎(2)‎

• Permit No: X201123201
• IBM Index Class Name: General Documents
• Doc Date: 1/21/2015
• Doc Name: Notice of Filing of Report of the Monitor in the Canadian Proceeding
• From: US Bankruptcy Court
• To: DRMS
• Permit Index Doc Type: General Correspondence
• Email Name: JDM
• Email Name: DIH
• Media Type: D
• Archive: No

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Actual Receipts and Disbursements for the Period from December 1, 2014 to January 11, 2015
20. Since the Filing Date, the Monitor has been working with the Applicants to
review disbursements and manage its cash spend during the CCAA Proceedings.
21. The Applicants' actual net cash flow from the period of December 1, 2014 to
January 11, 2015 (the "Current Period ") together with an explanation of key variances as
compared to the cash flow forecast provided in the Pre - Filing Goldfarb Affidavit is described
below. Actual net cash flows for the Current Period were approximately $1.8 million higher
than forecast and are summarized as follows:
22. The variance in actual receipts and disbursements is comprised primarily of the
following:
(a) a positive variance in operating receipts of $0.7 million as a result of the sale of
redundant and surplus equipment, as further detailed in the First Report;
(b) an additional positive variance in operating receipts of $0.1 million due to the
receipt of earlier than anticipated HST refunds and the sale of coal from inventory
on hand;