Audited Financial Statements

NOVA SCOTIA PUBLIC SERVICE LONG TERM DISABILITY PLAN TRUST FUND

Statement of Cash Flow for the year ended December 31, 2008

	2008	2007
CASH FLOW FROM OPERATING ACTIVITIES
Increase (decrease) in net assets for the year	$(1,347,409)	$13,046,677
Adjustments:
Amortization	9,580	10,845
Investment income (loss)	13,188,942	(913,893)
	11,851,113	12,143,629

Changes in non-cash working capital
Accounts receivable	897,734	(713,971)
Accounts payable	(187,458)	(1,003,770)
Accrued liabilities for benefits	(1,300,000)	(4,100,000)
	11,261,389	6,325,888

CASH FLOW FROM INVESTING ACTIVITIES
Net advances to investment account	(9,068,248)	(8,034,794)
Purchase of property and equipment	(1,295)	(11,958)
	(9,069,543)	(8,046,752)

INCREASE (DECREASE) IN CASH DURING THE YEAR	2,191,846	(1,720,864)
CASH BEGINNING OF YEAR	2,670,991	4,391,855
CASH - END OF YEAR	$4,862,837	$2,670,991