SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 2 - Significant Accounting Policies (Details) - Revisions to the Previously Issued and Audited Consolidated Statements of Cash Flow

Note 2 - Significant Accounting Policies (Details) - Revisions to the Previously Issued and Audited Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Dec. 28, 2014

Dec. 29, 2013

Dec. 30, 2012

$ 6,879

3,997

3,883

3,231

Unrealized loss (gain) on derivative instruments

1,822

1,107

(127)

Deferred income taxes

1,085

3,681

(2,420)

Accounts payable (6)

(3,732)

(15,124)

^[1]

1,917

^[1]

Accrued liabilities (6)

734

(2,315)

^[1]

838

^[1]

Cash flow provided by operations

4,995

3,434

9,250

Cash flow provided from financing

(910)

349

(4,022)

Cash flow used by investing (6)

(1,933)

(2,691)

^[1]

(5,660)

^[1]

Increase (decrease) in cash

2,152

1,092

(432)

Cash, beginning of year

3,295

2,203

2,635

Cash, end of year

5,447

3,295

2,203

Scenario, Previously Reported [Member]

Net income (loss)

(11,895)

7,542

Depreciation

3,781

3,158

Unrealized loss (gain) on derivative instruments

1,023

(590)

Deferred income taxes

3,331

(2,435)

Accounts payable (6)

(15,535)

^[1]

2,414

^[1]

Accrued liabilities (6)

(2,467)

^[1]

904

^[1]

Cash flow provided by operations

2,903

9,925

Cash flow provided from financing

349

(4,022)

Cash flow used by investing (6)

(2,160)

^[1]

(6,335)

^[1]

Increase (decrease) in cash

1,092

(432)

Cash, beginning of year

2,203

2,635

Cash, end of year

3,295

2,203

Restatement Adjustment [Member]

Net income (loss)

568

663

Depreciation

102

Unrealized loss (gain) on derivative instruments

463

Deferred income taxes

350

Accounts payable (6)

411

^[1]

(497)

^[1]

Accrued liabilities (6)

152

^[1]

(66)

^[1]

Cash flow provided by operations

531

(675)

Cash flow used by investing (6)

$ (531)

^[1]

$ 675

^[1]

[1]

Cash used in accounts payable and accrued liabilities increased by $152 and $531 as at December 29, 2013, which was the result of unpaid property, plant and equipment purchases of $144 offset by cash payments made during 2013 from 2012 additions of $675 which was reclassified from cash flow from investing to accounts payable and accrued liabilities. This was offset by the increased accrual of $32 related to the seniority premium adjustment. Cash provided from accounts payable and accrued liabilities decreased by $497 and $66 respectively as at December 30, 2012, which was the result of unpaid property, plant and equipment purchases of $675 which was reclassified from cash flow from investing. This was offset by the increased accrual of $112 related to the seniority premium adjustment.